StockNews.com Upgrades Travelers Companies (NYSE:TRV) to Buy

Travelers Companies (NYSE:TRV) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other brokerages have also recently issued reports on TRV. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $274.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group dropped their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Jefferies Financial Group upped their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Finally, HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $267.32.

Travelers Companies Stock Performance

NYSE:TRV opened at $256.05 on Thursday. 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 firm has a market capitalization of $58.05 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. Travelers Companies has a twelve month low of $200.21 and a twelve month high of $269.56. The stock’s 50-day simple moving average is $252.42 and its 200 day simple moving average is $249.36.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the prior year, the company earned $4.69 EPS. On average, analysts anticipate that Travelers Companies will post 17.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC lifted its holdings in shares of Travelers Companies by 25.6% in the 3rd quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider’s stock worth $3,978,000 after purchasing an additional 3,462 shares in the last quarter. Tudor Financial Inc. bought a new position in shares of Travelers Companies in the third quarter valued at $983,000. World Investment Advisors LLC bought a new position in shares of Travelers Companies in the third quarter valued at $501,000. Arvest Bank Trust Division acquired a new position in shares of Travelers Companies during the third quarter valued at about $16,344,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Travelers Companies during the third quarter worth about $2,174,000. 82.45% of the stock is owned by institutional investors and hedge funds.

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.