Travelers Companies (NYSE:TRV) PT Lowered to $252.00 at TD Cowen

Travelers Companies (NYSE:TRV) had its price objective reduced by equities research analysts at TD Cowen from $261.00 to $252.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the insurance provider’s stock. TD Cowen’s price target points to a potential upside of 17.55% from the company’s current price.

Other analysts have also recently issued reports about the company. Citigroup upped their target price on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Royal Bank of Canada reduced their target price on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Evercore ISI reduced 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 report on Thursday, April 18th. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Finally, JMP Securities restated a “market perform” rating on shares of Travelers Companies in a report on Friday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $223.47.

Travelers Companies Price Performance

Shares of TRV traded up $0.10 during mid-day trading on Tuesday, reaching $214.37. The company had a trading volume of 355,380 shares, compared to its average volume of 1,491,080. The company has a market capitalization of $49.09 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 1.12 and a beta of 0.58. The company’s 50 day simple moving average is $221.78 and its 200 day simple moving average is $197.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $232.75.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.11 earnings per share. Analysts expect that Travelers Companies will post 17.66 EPS for the current year.

Insider Activity at Travelers Companies

In other 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 directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Vice Chairman William H. Heyman sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,734 shares of company stock valued at $14,637,364. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently modified their holdings of the stock. First Command Advisory Services Inc. purchased a new stake in Travelers Companies during the 3rd quarter worth approximately $26,000. Arlington Trust Co LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at approximately $27,000. Northwest Financial Advisors purchased a new stake in Travelers Companies in the 4th quarter worth approximately $32,000. AM Squared Ltd boosted its position in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 100 shares during the period. Finally, Private Wealth Management Group LLC purchased a new position in Travelers Companies in the 4th quarter valued at about $39,000. 82.45% of the stock is 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.