Travelers Companies (NYSE:TRV) Receives Sector Perform Rating from Royal Bank of Canada

Travelers Companies (NYSE:TRV)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank of Canada in a research note issued on Thursday,Benzinga reports. They presently have a $268.00 target price on the insurance provider’s stock, down from their previous target price of $273.00. Royal Bank of Canada’s price target points to a potential upside of 10.87% from the company’s current price.

TRV has been the topic of several other reports. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. UBS Group lifted their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods decreased their price target on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday. Finally, Roth Mkm increased their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $255.53.

Travelers Companies Price Performance

NYSE:TRV traded down $4.99 during trading hours on Thursday, reaching $241.73. The stock had a trading volume of 477,899 shares, compared to its average volume of 1,471,635. The stock has a market capitalization of $54.88 billion, a PE ratio of 12.39, a PEG ratio of 1.05 and a beta of 0.65. Travelers Companies has a 52 week low of $200.21 and a 52 week high of $269.55. The company has a 50 day moving average price of $248.61 and a two-hundred day moving average price of $236.77. 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 (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10,795,375 billion. During the same quarter in the prior year, the firm earned $7.01 earnings per share. Travelers Companies’s revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Travelers Companies will post 19 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,670 shares of company stock worth $4,861,329 over the last three months. 1.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

A number of large investors have recently added to or reduced their stakes in TRV. Wolff Wiese Magana LLC grew its position in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new stake in Travelers Companies in the third quarter valued at approximately $41,000. Catalyst Capital Advisors LLC purchased a new position in Travelers Companies in the third quarter worth $50,000. Versant Capital Management Inc increased its position in shares of Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 50 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

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.