Jefferies Financial Group Cuts Travelers Companies (NYSE:TRV) Price Target to $219.00

Travelers Companies (NYSE:TRV) had its price target lowered by Jefferies Financial Group from $222.00 to $219.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the insurance provider’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 3.24% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Evercore ISI cut their price target on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday. Piper Sandler reissued a “neutral” rating and issued a $213.00 price objective on shares of Travelers Companies in a research report on Monday, April 1st. The Goldman Sachs Group boosted 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. Citigroup boosted their price objective on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $220.78.

Travelers Companies Stock Up 0.8 %

TRV traded up $1.70 during trading on Friday, reaching $212.12. The company had a trading volume of 138,071 shares, compared to its average volume of 1,482,717. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $232.75. The business’s fifty day moving average price is $221.80 and its 200 day moving average price is $196.27. The company has a market cap of $48.60 billion, a P/E ratio of 15.73, a PEG ratio of 1.08 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results 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). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the previous year, the firm posted $4.11 EPS. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. Equities analysts anticipate that Travelers Companies will post 17.62 EPS for the current year.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total value of $5,666,437.08. Following the sale, the insider now directly owns 255,178 shares in the company, valued at approximately $54,291,671.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the transaction, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,775 shares of company stock worth $23,343,903. Corporate insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its holdings in Travelers Companies by 8.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 4,890 shares of the insurance provider’s stock worth $1,125,000 after purchasing an additional 364 shares during the last quarter. Tradewinds Capital Management LLC increased its stake in shares of Travelers Companies by 7,407.4% in the 1st quarter. Tradewinds Capital Management LLC now owns 2,027 shares of the insurance provider’s stock valued at $466,000 after acquiring an additional 2,000 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Travelers Companies by 3.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 926,338 shares of the insurance provider’s stock valued at $213,187,000 after acquiring an additional 34,076 shares in the last quarter. Applied Capital LLC FL increased its stake in shares of Travelers Companies by 3.8% in the 1st quarter. Applied Capital LLC FL now owns 16,499 shares of the insurance provider’s stock valued at $3,797,000 after acquiring an additional 602 shares in the last quarter. Finally, Narus Financial Partners LLC bought a new stake in shares of Travelers Companies in the 1st quarter valued at $209,000. 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.