Travelers Companies (NYSE:TRV) Price Target Cut to $210.00

Travelers Companies (NYSE:TRV) had its target price trimmed by Morgan Stanley from $220.00 to $210.00 in a research note released on Friday, Benzinga reports. The firm currently has an equal weight rating on the insurance provider’s stock.

TRV has been the subject of several other reports. Jefferies Financial Group reduced their target price on Travelers Companies from $222.00 to $219.00 and set a hold rating for the company in a research note on Friday, April 19th. Piper Sandler reiterated a neutral rating and set a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. Citigroup reiterated a sell rating and set a $200.00 target price (down from $226.00) on shares of Travelers Companies in a research note on Friday, June 28th. Roth Mkm reiterated a buy rating and set a $240.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. Finally, Bank of America reduced their target price on Travelers Companies from $214.00 to $202.00 and set an underperform rating for the company in a research note on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Travelers Companies currently has a consensus rating of Hold and a consensus target price of $220.11.

Travelers Companies Stock Down 7.8 %

NYSE TRV opened at $203.48 on Friday. The stock has a market cap of $46.59 billion, a PE ratio of 15.12, a P/E/G ratio of 1.22 and a beta of 0.61. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The business has a 50 day moving average price of $210.53 and a two-hundred day moving average price of $213.97. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, sell-side analysts predict that Travelers Companies will post 16.84 EPS for the current fiscal year.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently modified their holdings of TRV. JPMorgan Chase & Co. raised its stake in shares of Travelers Companies by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares in the last quarter. Norges Bank bought a new stake in Travelers Companies in the fourth quarter worth about $282,593,000. International Assets Investment Management LLC raised its position in Travelers Companies by 19,918.1% in the fourth quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock worth $90,641,000 after acquiring an additional 473,453 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Travelers Companies in the first quarter worth about $88,190,000. Finally, Boston Partners raised its position in Travelers Companies by 42.5% in the fourth quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after acquiring an additional 355,489 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

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.