Travelers Companies (NYSE:TRV) Rating Reiterated by Royal Bank of Canada

Travelers Companies (NYSE:TRV)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank of Canada in a research note issued to investors on Monday, Benzinga reports. They presently have a $225.00 target price on the insurance provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 7.90% from the company’s current price.

Several other analysts have also weighed in on TRV. The Goldman Sachs Group lifted their price objective on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Morgan Stanley cut their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Jefferies Financial Group lowered their price objective on Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. Finally, Piper Sandler lowered their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $220.94.

Travelers Companies Stock Performance

Shares of TRV opened at $208.53 on Monday. The company has a market capitalization of $47.53 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.34. Travelers Companies has a one year low of $157.33 and a one year high of $232.75. The company’s fifty day moving average price is $210.13 and its 200 day moving average price is $214.17.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter in the previous year, the company earned $0.06 EPS. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts expect that Travelers Companies will post 16.79 earnings per share for the current year.

Insider Activity

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. In other news, 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 value of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

Institutional Trading of Travelers Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies during the 1st quarter worth approximately $35,000. Beacon Capital Management LLC increased its holdings in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares during the last quarter. Northwest Financial Advisors bought a new position in shares of Travelers Companies in the fourth quarter valued at about $32,000. Opal Wealth Advisors LLC acquired a new stake in shares of Travelers Companies during the 1st quarter worth about $42,000. Finally, Tributary Capital Management LLC bought a new stake in shares of Travelers Companies during the 1st quarter worth about $45,000. 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.