TD Cowen Trims Travelers Companies (NYSE:TRV) Target Price to $252.00

Travelers Companies (NYSE:TRV) had its price target reduced by TD Cowen from $261.00 to $252.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the insurance provider’s stock. TD Cowen’s price target suggests a potential upside of 18.07% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Royal Bank of Canada reduced their price objective on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. UBS Group lowered their target price on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday. Citigroup boosted their price target on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, The Goldman Sachs Group lifted their target price on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $223.47.

Travelers Companies Stock Down 0.4 %

Shares of Travelers Companies stock opened at $213.43 on Tuesday. The firm has a market cap of $48.87 billion, a PE ratio of 15.86, a P/E/G ratio of 1.12 and a beta of 0.58. The business’s 50 day simple moving average is $221.68 and its 200 day simple moving average is $197.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a 52-week low of $157.33 and a 52-week high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the business earned $4.11 earnings per share. On average, analysts predict that Travelers Companies will post 17.71 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Travelers Companies news, EVP Maria Olivo sold 10,553 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $212.93, for a total value of $2,247,050.29. Following the completion of the transaction, the executive vice president now directly owns 103,443 shares in the company, valued at $22,026,117.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold 75,734 shares of company stock valued at $16,143,904 over the last ninety days. 1.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Hedge funds have recently added to or reduced their stakes in the business. First Command Advisory Services Inc. bought a new stake in shares of Travelers Companies in the 3rd quarter valued at about $26,000. Arlington Trust Co LLC bought a new stake in Travelers Companies in the third quarter valued at approximately $27,000. Northwest Financial Advisors acquired a new stake in Travelers Companies during the 4th quarter valued at approximately $32,000. AM Squared Ltd raised its holdings in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Finally, Private Wealth Management Group LLC acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $39,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.