Travelers Companies (NYSE:TRV) PT Raised to $226.00 at Citigroup

Travelers Companies (NYSE:TRV) had its target price boosted by Citigroup from $215.00 to $226.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Citigroup’s price objective suggests a potential upside of 9.40% from the company’s current price.

A number of other equities research analysts also recently issued reports on TRV. Raymond James boosted their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. Morgan Stanley lifted their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. HSBC lifted their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research report on Thursday, April 4th. Finally, Janney Montgomery Scott initiated coverage on shares of Travelers Companies in a research report on Wednesday, December 20th. They set a “buy” rating and a $215.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $217.00.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $206.58 on Tuesday. The company has a market cap of $47.33 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.58. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The company has a 50-day simple moving average of $221.87 and a 200-day simple moving average of $196.17.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.74 by ($0.05). The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.11 earnings per share. On average, equities analysts anticipate that Travelers Companies will post 17.62 earnings per share for the current year.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated 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 $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the sale, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,775 shares of company stock worth $23,343,903. Insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

A number of hedge funds have recently bought and sold shares of the company. First Command Advisory Services Inc. acquired a new position in shares of Travelers Companies in the 3rd quarter valued at about $26,000. Arlington Trust Co LLC bought a new position in Travelers Companies in the third quarter worth $27,000. FWL Investment Management LLC acquired a new position in Travelers Companies during the fourth quarter worth $28,000. Quarry LP acquired a new position in Travelers Companies during the first quarter worth $31,000. Finally, Northwest Financial Advisors acquired a new position in Travelers Companies during the fourth quarter worth $32,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.