Travelers Companies’ (TRV) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Travelers Companies (NYSE:TRV)‘s stock had its “sector perform” rating restated by research analysts at Royal Bank of Canada in a research note issued on Monday, Benzinga reports. They currently have a $225.00 price target on the insurance provider’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 7.80% from the stock’s current price.

A number of other analysts have also recently commented on TRV. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. TD Cowen reduced their price target on Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Jefferies Financial Group reduced their price target on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, April 19th. Roth Mkm restated a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. Finally, Citigroup upped their price target on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $222.65.

Travelers Companies Stock Down 1.1 %

TRV stock opened at $208.72 on Monday. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The business’s 50-day moving average is $212.77 and its two-hundred day moving average is $211.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $47.79 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 1.09 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its 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). The firm 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 7.32% and a return on equity of 13.94%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.11 EPS. As a group, analysts forecast that Travelers Companies will post 17.79 earnings per share for the current year.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock worth $3,980,827 in the last quarter. 1.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Institutional investors have recently modified their holdings of the stock. Johnson Investment Counsel Inc. lifted its stake in shares of Travelers Companies by 29.0% in the 4th quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock valued at $879,000 after purchasing an additional 1,037 shares during the last quarter. Focus Financial Network Inc. ADV bought a new stake in shares of Travelers Companies during the 4th quarter worth approximately $1,973,000. Dynamic Advisor Solutions LLC lifted its stake in shares of Travelers Companies by 124.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after acquiring an additional 7,649 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Travelers Companies by 552.8% during the 4th quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock worth $31,631,000 after acquiring an additional 140,622 shares during the last quarter. Finally, Worth Asset Management LLC bought a new stake in shares of Travelers Companies during the 4th quarter worth approximately $2,201,000. 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.