Travelers Companies (NYSE:TRV) Rating Reiterated by Roth Mkm

Travelers Companies (NYSE:TRV)‘s stock had its “buy” rating restated by stock analysts at Roth Mkm in a research note issued to investors on Thursday, Benzinga reports. They presently have a $240.00 price target on the insurance provider’s stock. Roth Mkm’s target price would indicate a potential upside of 12.15% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Evercore ISI boosted their price objective on shares of Travelers Companies from $230.00 to $253.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. HSBC upped their price objective on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Citigroup lifted their target price on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday. UBS Group lifted their price target on shares of Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Finally, Raymond James lifted their target price on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $220.78.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $213.99 on Thursday. The firm’s 50 day simple moving average is $221.79 and its 200 day simple moving average is $196.63. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a market capitalization of $49.03 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.08 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same quarter last year, the business posted $4.11 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, sell-side analysts forecast that Travelers Companies will post 17.62 earnings per share for the current year.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the sale, the insider now owns 255,178 shares in the company, valued at approximately $54,291,671.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Vice Chairman William H. Heyman sold 26,633 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,775 shares of company stock valued at $23,343,903. Insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fairfield Bush & CO. bought a new position in Travelers Companies in the 1st quarter valued at approximately $160,000. Cibc World Market Inc. lifted its stake in shares of Travelers Companies by 28.8% in the 1st quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock valued at $1,084,000 after acquiring an additional 1,327 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Travelers Companies by 1.0% during the 1st quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock valued at $2,210,000 after acquiring an additional 115 shares in the last quarter. Blair William & Co. IL grew its position in Travelers Companies by 40.6% during the 1st quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock worth $9,420,000 after acquiring an additional 14,873 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Travelers Companies by 5.0% in the 1st quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock worth $4,952,000 after purchasing an additional 1,286 shares in the last quarter. 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.