Travelers Companies (NYSE:TRV) Price Target Raised to $265.00 at Bank of America

Travelers Companies (NYSE:TRV) had its target price upped by stock analysts at Bank of America from $241.00 to $265.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “underperform” rating on the insurance provider’s stock. Bank of America‘s price objective would indicate a potential upside of 1.26% from the company’s current price.

Other analysts have also issued reports about the company. Barclays started coverage on Travelers Companies in a report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective for the company. TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 price objective on shares of Travelers Companies in a report on Monday, July 22nd. The Goldman Sachs Group lifted their target price on shares of Travelers Companies from $196.00 to $216.00 and gave the company a “sell” rating in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, thirteen have given 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.com, Travelers Companies has an average rating of “Hold” and an average target price of $232.89.

Travelers Companies Stock Up 7.7 %

NYSE:TRV traded up $18.75 on Thursday, hitting $261.70. 1,358,514 shares of the company’s stock traded hands, compared to its average volume of 1,310,497. The company has a market cap of $59.65 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $262.80. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $229.76 and a 200-day moving average price of $219.07.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same period in the previous year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts anticipate that Travelers Companies will post 17.09 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd bought a new position in Travelers Companies during the second quarter valued at about $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies during the first quarter valued at approximately $35,000. Beacon Capital Management LLC increased its position in shares of Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares during the period. Wolff Wiese Magana LLC raised its stake in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in Travelers Companies in the first quarter worth $42,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

About Travelers Companies

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.