Travelers Companies (NYSE:TRV) Given New $231.00 Price Target at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) had its target price reduced by research analysts at Keefe, Bruyette & Woods from $241.00 to $231.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 9.94% from the company’s current price.

Several other analysts also recently commented on TRV. Raymond James increased their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. Piper Sandler reaffirmed a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a report on Monday, April 1st. The Goldman Sachs Group lifted their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Roth Mkm reaffirmed a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a report on Thursday. Finally, HSBC raised their target price on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $217.72.

Travelers Companies Stock Up 1.7 %

TRV traded up $3.54 during midday trading on Thursday, hitting $210.12. The company had a trading volume of 319,490 shares, compared to its average volume of 1,476,844. The stock’s 50 day moving average price is $221.87 and its 200 day moving average price is $196.17. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a market capitalization of $48.14 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.17 and a beta of 0.58. 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 data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the business posted $4.11 earnings per share. On average, research analysts anticipate that Travelers Companies will post 17.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Paul E. Munson sold 2,121 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the sale, the senior vice president now owns 719 shares in the company, valued at $153,046.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock worth $23,343,903 in the last ninety days. 1.33% of the stock is owned by insiders.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently bought and sold shares of TRV. Wealth Quarterback LLC grew its stake in shares of Travelers Companies by 1.1% during the 4th quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after acquiring an additional 49 shares during the period. Kapitalo Investimentos Ltda boosted its position in shares of Travelers Companies by 24.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 49 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Travelers Companies by 9.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after purchasing an additional 50 shares during the period. Norwood Financial Corp lifted its stake in shares of Travelers Companies by 16.1% during the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after buying an additional 50 shares in the last quarter. Finally, Grimes & Company Inc. boosted its holdings in Travelers Companies by 2.2% in the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after buying an additional 53 shares during the period. 82.45% of the stock is currently 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.