Travelers Companies (NYSE:TRV) PT Lowered to $250.00

Travelers Companies (NYSE:TRV) had its price objective cut by Evercore ISI from $253.00 to $250.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Evercore ISI’s price objective suggests a potential upside of 16.83% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Citigroup lifted their price target on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a report on Tuesday. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. HSBC lifted their price objective on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research note on Thursday, April 4th. UBS Group raised their target price on Travelers Companies from $205.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. Finally, Roth Mkm restated a “buy” rating and issued a $240.00 price objective on shares of Travelers Companies in a research note on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $220.78.

Travelers Companies Price Performance

NYSE TRV opened at $213.99 on Thursday. The company has a market cap of $49.03 billion, a PE ratio of 15.90, a P/E/G ratio of 1.08 and a beta of 0.58. The firm’s 50 day moving average price is $221.79 and its 200-day moving average price is $196.63. 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 52-week low of $157.33 and a 52-week high of $232.75.

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). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the prior year, the company earned $4.11 EPS. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. Sell-side analysts forecast that Travelers Companies will post 17.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction 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 in the company, valued at $3,147,865.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the sale, the insider now owns 255,178 shares in the company, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

Several large investors have recently bought and sold shares of the company. First Command Advisory Services Inc. acquired a new stake in shares of Travelers Companies in the third quarter valued at about $26,000. Arlington Trust Co LLC acquired a new stake in Travelers Companies in the 3rd quarter valued at about $27,000. FWL Investment Management LLC purchased a new position in Travelers Companies in the 4th quarter worth approximately $28,000. Quarry LP purchased a new position in Travelers Companies in the 1st quarter worth approximately $31,000. Finally, Northwest Financial Advisors acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $32,000. 82.45% of the stock is currently 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.