Travelers Companies (NYSE:TRV) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Travelers Companies (NYSE:TRV) had its price target boosted by stock analysts at Cantor Fitzgerald from $316.00 to $319.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the insurance provider’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 10.67% from the company’s previous close.

TRV has been the topic of a number of other research reports. Morgan Stanley raised their target price on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Weiss Ratings downgraded Travelers Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, January 26th. Roth Mkm lifted their target price on Travelers Companies from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. UBS Group reissued a “neutral” rating on shares of Travelers Companies in a research note on Monday. Finally, Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $303.00.

Travelers Companies Price Performance

TRV stock opened at $288.24 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. Travelers Companies has a 12 month low of $230.43 and a 12 month high of $296.85. The firm has a market cap of $64.29 billion, a P/E ratio of 10.47, a P/E/G ratio of 2.65 and a beta of 0.51. The company’s 50-day moving average price is $284.56 and its two-hundred day moving average price is $277.27.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.15 EPS. On average, analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Travelers Companies declared that its Board of Directors has initiated a share repurchase plan on Wednesday, January 21st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the insurance provider to buy up to 8.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 16,712 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,699,602.75. The trade was a 73.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel S. Frey sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,493,829. The trade was a 48.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 54,435 shares of company stock valued at $15,366,736. 1.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC increased its stake in shares of Travelers Companies by 1.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock valued at $541,000 after buying an additional 36 shares during the period. Greenleaf Trust lifted its stake in shares of Travelers Companies by 0.4% in the fourth quarter. Greenleaf Trust now owns 10,036 shares of the insurance provider’s stock worth $2,911,000 after acquiring an additional 37 shares during the period. Allegiance Financial Group Advisory Services LLC boosted its holdings in Travelers Companies by 3.4% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 1,130 shares of the insurance provider’s stock valued at $328,000 after acquiring an additional 37 shares during the last quarter. Associated Banc Corp boosted its holdings in Travelers Companies by 1.4% in the second quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock valued at $731,000 after acquiring an additional 39 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in Travelers Companies by 1.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock valued at $1,143,000 after purchasing an additional 40 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.