Evercore ISI Raises Travelers Companies (NYSE:TRV) Price Target to $296.00

Travelers Companies (NYSE:TRV) had its target price upped by analysts at Evercore ISI from $288.00 to $296.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Evercore ISI’s price objective indicates a potential upside of 15.60% from the stock’s current price.

TRV has been the subject of a number of other reports. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research report on Wednesday, January 8th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a report on Monday, March 24th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, Wells Fargo & Company upgraded Travelers Companies from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $225.00 to $247.00 in a report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $267.32.

Travelers Companies Trading Up 1.4 %

Shares of Travelers Companies stock opened at $256.05 on Thursday. 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 has a twelve month low of $200.21 and a twelve month high of $269.56. The firm has a market capitalization of $58.05 billion, a PE ratio of 11.93, a P/E/G ratio of 4.65 and a beta of 0.48. The firm’s 50-day moving average price is $252.42 and its 200 day moving average price is $249.36.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter last year, the business posted $4.69 earnings per share. On average, sell-side analysts predict that Travelers Companies will post 17.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Clarius Group LLC boosted its position in Travelers Companies by 50.6% in the 1st quarter. Clarius Group LLC now owns 2,669 shares of the insurance provider’s stock valued at $706,000 after buying an additional 897 shares during the period. GSB Wealth Management LLC boosted its holdings in Travelers Companies by 5.0% in the first quarter. GSB Wealth Management LLC now owns 10,728 shares of the insurance provider’s stock valued at $2,837,000 after purchasing an additional 514 shares during the period. Strategic Advisors LLC grew its stake in Travelers Companies by 2.5% during the 1st quarter. Strategic Advisors LLC now owns 3,359 shares of the insurance provider’s stock worth $888,000 after purchasing an additional 83 shares in the last quarter. Inscription Capital LLC purchased a new stake in Travelers Companies during the 1st quarter worth about $347,000. Finally, Grove Bank & Trust raised its position in Travelers Companies by 14.3% in the 1st quarter. Grove Bank & Trust now owns 736 shares of the insurance provider’s stock valued at $195,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds 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.