Travelers Companies (NYSE:TRV) Upgraded to “Buy” by StockNews.com

Travelers Companies (NYSE:TRV) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Several other research analysts have also issued reports on the company. Barclays assumed coverage on Travelers Companies in a research report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 target price for the company. Piper Sandler dropped their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Morgan Stanley dropped their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Finally, Citigroup boosted their price target on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $231.63.

Travelers Companies Trading Up 0.3 %

NYSE TRV traded up $0.79 during trading hours on Tuesday, hitting $240.91. 1,491,140 shares of the company were exchanged, compared to its average volume of 1,311,968. The stock has a 50-day moving average price of $229.08 and a 200 day moving average price of $218.90. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $243.63. The stock has a market cap of $54.91 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data 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 return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. Analysts forecast that Travelers Companies will post 17.08 earnings per share for the current fiscal year.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Y.D. More Investments Ltd purchased a new position in Travelers Companies in the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies in the 1st quarter valued at about $35,000. Beacon Capital Management LLC raised its holdings in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Travelers Companies in the 1st quarter valued at about $42,000. Finally, Tributary Capital Management LLC acquired a new stake in Travelers Companies in the 1st quarter valued at about $45,000. 82.45% of the stock is owned by hedge funds and other 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.