Travelers Companies (NYSE:TRV) Price Target Raised to $269.00

Travelers Companies (NYSE:TRV) had its price target upped by research analysts at Morgan Stanley from $245.00 to $269.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s price objective suggests a potential downside of 1.71% from the company’s current price.

Several other equities research analysts have also recently commented on TRV. Wells Fargo & Company increased their price objective on Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a research report on Thursday, April 17th. Jefferies Financial Group raised their target price on Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Barclays dropped their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. raised their target price on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $270.42.

Travelers Companies Trading Down 0.3%

NYSE TRV opened at $273.68 on Monday. Travelers Companies has a 12 month low of $200.21 and a 12 month high of $275.03. The stock has a market cap of $62.01 billion, a P/E ratio of 12.75, a P/E/G ratio of 4.65 and a beta of 0.53. The stock’s fifty day moving average price is $259.45 and its 200-day moving average price is $252.50. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

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

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC lifted its holdings in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after buying an additional 84 shares during the period. Greykasell Wealth Strategies Inc. bought a new position in shares of Travelers Companies in the 1st quarter worth $26,000. Ameriflex Group Inc. bought a new position in shares of Travelers Companies in the 4th quarter worth $26,000. Putney Financial Group LLC bought a new position in shares of Travelers Companies in the 4th quarter worth $26,000. Finally, YANKCOM Partnership bought a new position in shares of Travelers Companies in the 4th quarter worth $27,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

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.