Barclays Increases Travelers Companies (NYSE:TRV) Price Target to $287.00

Travelers Companies (NYSE:TRV) had its target price boosted by Barclays from $278.00 to $287.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Barclays‘s target price suggests a potential upside of 18.69% from the company’s current price.

TRV has been the topic of several other reports. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a report on Thursday, November 21st. Jefferies Financial Group lifted their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Bank of America lifted their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Finally, UBS Group lifted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $258.68.

Travelers Companies Trading Up 0.1 %

Shares of NYSE:TRV traded up $0.30 during midday trading on Friday, hitting $241.81. The company had a trading volume of 143,047 shares, compared to its average volume of 1,448,631. Travelers Companies has a 12 month low of $200.21 and a 12 month high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market cap of $54.90 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.09 and a beta of 0.65. The firm has a fifty day simple moving average of $248.61 and a 200 day simple moving average of $236.77.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $7.01 earnings per share. On average, analysts predict that Travelers Companies will post 20.33 EPS for the current year.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % 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 worth $4,861,329 over the last quarter. Company insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently made changes to their positions in TRV. Wolff Wiese Magana LLC lifted its stake in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC bought a new stake in Travelers Companies during the third quarter worth $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the third quarter worth $50,000. Versant Capital Management Inc lifted its stake in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the last quarter. Finally, Salomon & Ludwin LLC lifted its stake in Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares during 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.