Travelers Companies’ (TRV) “Underweight” Rating Reiterated at Wells Fargo & Company

Travelers Companies (NYSE:TRV)‘s stock had its “underweight” rating reiterated by Wells Fargo & Company in a research report issued on Wednesday,Benzinga reports. They currently have a $217.00 price target on the insurance provider’s stock, down from their prior price target of $256.00. Wells Fargo & Company‘s price target would suggest a potential downside of 12.39% from the company’s previous close.

TRV has been the topic of a number of other reports. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Roth Mkm increased their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group boosted their target price on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada raised their price target on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Finally, UBS Group boosted their price objective on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $251.70.

Travelers Companies Stock Down 1.3 %

Shares of NYSE:TRV opened at $247.68 on Wednesday. The company’s fifty day moving average is $252.16 and its 200-day moving average is $229.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a 52 week low of $180.44 and a 52 week high of $269.55. The company has a market capitalization of $56.23 billion, a PE ratio of 12.70, a P/E/G ratio of 1.19 and a beta of 0.63.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $1.95 EPS. Equities research analysts predict that Travelers Companies will post 18.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Maria Olivo sold 10,410 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Great Valley Advisor Group Inc. increased its holdings in Travelers Companies by 36.2% during the second quarter. Great Valley Advisor Group Inc. now owns 2,943 shares of the insurance provider’s stock worth $598,000 after buying an additional 782 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Travelers Companies by 199.1% in the 2nd quarter. ORG Partners LLC now owns 1,026 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 683 shares during the period. GPS Wealth Strategies Group LLC lifted its stake in Travelers Companies by 11.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 613 shares of the insurance provider’s stock valued at $125,000 after purchasing an additional 65 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Travelers Companies by 1.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 20,443 shares of the insurance provider’s stock worth $4,157,000 after purchasing an additional 361 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new position in Travelers Companies during the second quarter worth approximately $210,000. 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.