Wells Fargo & Company Issues Positive Forecast for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV) had its price objective hoisted by equities researchers at Wells Fargo & Company from $213.00 to $225.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 7.46% from the company’s previous close.

TRV has been the subject of a number of other reports. BMO Capital Markets upped their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Tuesday, December 10th. Piper Sandler lowered their price objective on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Bank of America upped their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $255.79.

Travelers Companies Stock Performance

Shares of TRV opened at $243.13 on Thursday. Travelers Companies has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market cap of $55.20 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.05 and a beta of 0.65. The business’s 50 day moving average is $248.61 and its two-hundred day moving average is $236.77.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10,795,375 billion. During the same period in the previous year, the business earned $7.01 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts forecast that Travelers Companies will post 19 EPS for the current fiscal year.

Insider Activity

In related news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the transaction, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,670 shares of company stock valued at $4,861,329 over the last three months. Insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC increased its holdings in shares of Travelers Companies by 51.1% during the 2nd quarter. AE Wealth Management LLC now owns 1,994 shares of the insurance provider’s stock valued at $406,000 after acquiring an additional 674 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Travelers Companies by 39.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock valued at $3,182,000 after purchasing an additional 4,466 shares during the period. 1832 Asset Management L.P. boosted its stake in Travelers Companies by 11.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,452 shares of the insurance provider’s stock valued at $2,735,000 after purchasing an additional 1,342 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Travelers Companies by 15.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the insurance provider’s stock valued at $143,000 after purchasing an additional 87 shares during the period. Finally, Evergreen Capital Management LLC boosted its stake in Travelers Companies by 7.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,080 shares of the insurance provider’s stock valued at $423,000 after purchasing an additional 147 shares during the period. 82.45% of the stock is 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.