Travelers Companies (NYSE:TRV) had its target price lifted by equities researchers at Credit Suisse Group from $141.00 to $144.00 in a research report issued on Wednesday. The brokerage currently has a “neutral” rating on the insurance provider’s stock. Credit Suisse Group’s target price points to a potential downside of 3.63% from the company’s previous close.
Several other equities analysts also recently issued reports on TRV. Wells Fargo & Co restated a “hold” rating and issued a $133.00 price objective on shares of Travelers Companies in a research note on Tuesday, January 23rd. Citigroup decreased their target price on shares of Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. Royal Bank of Canada increased their target price on shares of Travelers Companies to $140.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Goldman Sachs Group initiated coverage on shares of Travelers Companies in a research note on Monday, December 4th. They set a “sell” rating and a $124.00 target price for the company. Finally, ValuEngine downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $134.54.
Travelers Companies (TRV) traded up $0.95 during midday trading on Wednesday, reaching $149.42. 2,534,202 shares of the company’s stock traded hands, compared to its average volume of 1,640,000. The company has a quick ratio of 0.41, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. Travelers Companies has a one year low of $113.76 and a one year high of $150.19. The firm has a market capitalization of $41,160.00, a P/E ratio of 17.29, a PEG ratio of 1.99 and a beta of 1.25.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.28). Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The company had revenue of $7.45 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the prior year, the company earned $3.20 EPS. The business’s revenue was up 3.6% on a year-over-year basis. sell-side analysts anticipate that Travelers Companies will post 10.56 earnings per share for the current year.
Travelers Companies declared that its board has initiated a stock repurchase program on Thursday, November 9th that permits the company to buyback shares. This buyback authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
In related news, EVP Maria Olivo sold 33,225 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andy F. Bessette sold 2,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total transaction of $265,960.00. Following the transaction, the executive vice president now directly owns 8,000 shares of the company’s stock, valued at $1,063,840. The disclosure for this sale can be found here. Insiders have sold 55,302 shares of company stock valued at $7,347,753 over the last three months. 0.82% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Chemical Bank increased its holdings in Travelers Companies by 11.5% in the second quarter. Chemical Bank now owns 18,454 shares of the insurance provider’s stock valued at $2,335,000 after buying an additional 1,910 shares in the last quarter. Captrust Financial Advisors purchased a new position in Travelers Companies in the second quarter valued at about $165,000. TCI Wealth Advisors Inc. increased its holdings in Travelers Companies by 1.0% in the second quarter. TCI Wealth Advisors Inc. now owns 3,032 shares of the insurance provider’s stock valued at $384,000 after buying an additional 29 shares in the last quarter. Courier Capital LLC increased its holdings in Travelers Companies by 1.4% in the second quarter. Courier Capital LLC now owns 2,317 shares of the insurance provider’s stock valued at $293,000 after buying an additional 33 shares in the last quarter. Finally, Comerica Securities Inc. increased its holdings in Travelers Companies by 2.1% in the second quarter. Comerica Securities Inc. now owns 15,061 shares of the insurance provider’s stock valued at $1,906,000 after buying an additional 305 shares in the last quarter. 78.54% of the stock is 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.