Travelers Companies (NYSE:TRV) Price Target Raised to $297.00 at BMO Capital Markets

Travelers Companies (NYSE:TRV) had its price target raised by equities researchers at BMO Capital Markets from $275.00 to $297.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 23.05% from the company’s current price.

A number of other equities research analysts also recently issued reports on TRV. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group boosted their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods cut their price target on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. UBS Group boosted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $260.11.

Travelers Companies Stock Down 0.1 %

Shares of TRV stock traded down $0.15 on Friday, reaching $241.36. 274,629 shares of the company’s stock traded hands, compared to its average volume of 1,458,680. The company has a market capitalization of $54.79 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. Travelers Companies has a 12-month low of $200.21 and a 12-month high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The business’s 50 day moving average price is $248.31 and its two-hundred day moving average price is $236.80.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $7.01 EPS. On average, equities analysts forecast that Travelers Companies will post 20.33 earnings per share for the current year.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,670 shares of company stock valued at $4,861,329 in the last 90 days. 1.33% of the stock is currently owned by company insiders.

Institutional Trading of Travelers Companies

A number of hedge funds have recently made changes to their positions in the business. Wolff Wiese Magana LLC grew its stake in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Travelers Companies during the third quarter worth approximately $41,000. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies during the 3rd quarter worth approximately $50,000. Versant Capital Management Inc lifted its holdings 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 buying an additional 215 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its holdings in Travelers Companies by 22.1% in 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 period. 82.45% of the stock is owned by institutional investors and hedge funds.

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.