Travelers Companies (NYSE:TRV) Price Target Lowered to $274.00 at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) had its price target lowered by stock analysts at Keefe, Bruyette & Woods from $286.00 to $274.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 11.86% from the stock’s current price.

A number of other research firms have also recently weighed in on TRV. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday. Wells Fargo & Company raised Travelers Companies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $225.00 to $247.00 in a research note on Wednesday. Barclays boosted their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $261.89.

Travelers Companies Price Performance

TRV stock opened at $244.94 on Wednesday. Travelers Companies has a 52-week low of $200.21 and a 52-week high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $55.53 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The business has a fifty day moving average of $251.58 and a two-hundred day moving average of $248.78.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $7.01 EPS. As a group, research analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current year.

Institutional Trading of Travelers Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Breakwater Capital Group lifted its position in Travelers Companies by 6.4% in the first quarter. Breakwater Capital Group now owns 1,076 shares of the insurance provider’s stock valued at $285,000 after acquiring an additional 65 shares during the last quarter. Retirement Planning Group LLC increased its position in shares of Travelers Companies by 44.8% during the first quarter. Retirement Planning Group LLC now owns 1,303 shares of the insurance provider’s stock worth $345,000 after purchasing an additional 403 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Travelers Companies by 37.2% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 753 shares of the insurance provider’s stock valued at $199,000 after purchasing an additional 204 shares during the last quarter. Warren Street Wealth Advisors LLC acquired a new stake in shares of Travelers Companies in the 1st quarter valued at about $236,000. Finally, Clare Market Investments LLC purchased a new position in Travelers Companies during the 1st quarter worth approximately $741,000. Institutional investors and hedge funds 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.