Travelers Companies (NYSE:TRV) PT Raised to $240.00 at HSBC

Travelers Companies (NYSE:TRV) had its price objective upped by equities research analysts at HSBC from $218.00 to $240.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the insurance provider’s stock. HSBC’s target price would indicate a potential upside of 3.95% from the stock’s current price.

Several other research firms have also weighed in on TRV. Royal Bank of Canada increased their target price on shares of Travelers Companies from $185.00 to $210.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. TD Cowen began coverage on Travelers Companies in a report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price objective on the stock. Citigroup increased their target price on Travelers Companies from $185.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $194.00 to $215.00 and gave the stock a “market perform” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $206.00.

Travelers Companies Stock Up 1.0 %

NYSE TRV opened at $230.89 on Thursday. The stock has a market capitalization of $52.90 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 1.20 and a beta of 0.58. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a fifty day moving average of $220.12 and a 200-day moving average of $192.53.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $1.91. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The firm had revenue of $10.93 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same period last year, the firm earned $3.40 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities research analysts forecast that Travelers Companies will post 17.7 EPS for the current year.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the transaction, the executive vice president now directly owns 14,080 shares in the company, valued at approximately $2,966,374.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the sale, the executive vice president now owns 14,080 shares in the company, valued at approximately $2,966,374.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 26,633 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,775 shares of company stock worth $23,343,903. Insiders own 1.29% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Large investors have recently made changes to their positions in the company. VisionPoint Advisory Group LLC acquired a new position in shares of Travelers Companies during the 2nd quarter worth approximately $26,000. FWL Investment Management LLC bought a new position in Travelers Companies during the 4th quarter worth $28,000. First Command Advisory Services Inc. acquired a new position in Travelers Companies in the 3rd quarter valued at $26,000. Arlington Trust Co LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $27,000. Finally, Northwest Financial Advisors acquired a new stake in shares of Travelers Companies during the 4th quarter worth $32,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.