Travelers Companies’ (TRV) Buy Rating Reaffirmed at Keefe, Bruyette & Woods
Travelers Companies (NYSE:TRV)‘s stock had its “buy” rating reissued by Keefe, Bruyette & Woods in a research note issued to investors on Wednesday. They currently have a $152.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 12.29% from the stock’s previous close.
TRV has been the topic of a number of other research reports. Zacks Investment Research cut shares of Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. Barclays boosted their price objective on shares of Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. UBS decreased their price objective on shares of Travelers Companies from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Argus boosted their price objective on shares of Travelers Companies from $139.00 to $145.00 and gave the company a “positive” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Wells Fargo & Company set a $125.00 price objective on shares of Travelers Companies and gave the company a “hold” rating in a research report on Tuesday, November 14th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Travelers Companies presently has an average rating of “Hold” and a consensus target price of $131.71.
Shares of Travelers Companies (NYSE TRV) traded up $0.04 during trading hours on Wednesday, reaching $135.36. 1,044,778 shares of the company were exchanged, compared to its average volume of 1,498,635. The stock has a market cap of $37,321.17, a PE ratio of 16.65, a PEG ratio of 2.69 and a beta of 1.25. Travelers Companies has a one year low of $113.76 and a one year high of $137.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41.
Travelers Companies announced that its Board of Directors has authorized a share repurchase plan on Monday, September 11th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.
In other news, EVP Maria Olivo sold 33,225 shares of Travelers Companies stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total transaction of $4,458,130.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andy F. Bessette sold 2,000 shares of Travelers Companies stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total transaction of $265,960.00. Following the sale, the executive vice president now directly owns 8,000 shares in the company, valued at approximately $1,063,840. The disclosure for this sale can be found here. Insiders have sold a total of 55,302 shares of company stock worth $7,347,753 in the last ninety days. Insiders own 0.82% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Fieldpoint Private Securities LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at about $106,000. Valeo Financial Advisors LLC bought a new stake in Travelers Companies during the third quarter worth about $108,000. Tradewinds Capital Management LLC boosted its stake in Travelers Companies by 1.1% during the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 10 shares in the last quarter. Intellectus Partners LLC boosted its stake in Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after acquiring an additional 41 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Travelers Companies by 3.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock worth $126,000 after acquiring an additional 35 shares in the last quarter. 78.52% of the stock is currently owned by hedge funds and other institutional investors.
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Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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