UBS Group Cuts Travelers Companies (NYSE:TRV) Price Target to $230.00

Travelers Companies (NYSE:TRV) had its target price dropped by analysts at UBS Group from $237.00 to $230.00 in a report released on Monday, Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. UBS Group’s price objective points to a potential upside of 7.30% from the company’s previous close.

Several other brokerages also recently issued reports on TRV. Raymond James raised their price target on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. TD Cowen began coverage on Travelers Companies in a report on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 target price on the stock. Roth Mkm restated a “buy” rating and issued a $240.00 price objective on shares of Travelers Companies in a research note on Thursday, April 18th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $223.47.

Travelers Companies Price Performance

NYSE TRV opened at $214.35 on Monday. 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 firm has a market capitalization of $49.08 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The company has a 50 day simple moving average of $221.75 and a 200-day simple moving average of $197.84. Travelers Companies has a 52-week low of $157.33 and a 52-week high of $232.75.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion for 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%. Travelers Companies’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.11 EPS. Equities research analysts predict that Travelers Companies will post 17.66 earnings per share for the current fiscal year.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total transaction of $533,850.00. Following the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,490,710.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $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 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total value of $533,850.00. Following the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,490,710.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,734 shares of company stock worth $14,637,364. Corporate insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TRV. First Command Advisory Services Inc. purchased a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $26,000. Arlington Trust Co LLC purchased a new stake in Travelers Companies in the third quarter worth $27,000. Northwest Financial Advisors bought a new stake in shares of Travelers Companies in the fourth quarter valued at $32,000. AM Squared Ltd lifted its position in shares of Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after buying an additional 100 shares during the last quarter. Finally, Private Wealth Management Group LLC bought a new position in shares of Travelers Companies during the 4th quarter worth $39,000. 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.