Travelers Companies (NYSE:TRV) Price Target Cut to $225.00

Travelers Companies (NYSE:TRV) had its target price reduced by analysts at Royal Bank of Canada from $230.00 to $225.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the insurance provider’s stock. Royal Bank of Canada’s target price suggests a potential upside of 5.15% from the stock’s previous close.

TRV has been the subject of a number of other research reports. Janney Montgomery Scott assumed coverage on Travelers Companies in a research report on Wednesday, December 20th. They issued a “buy” rating and a $215.00 target price for the company. Keefe, Bruyette & Woods reduced their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday. Morgan Stanley upped their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. The Goldman Sachs Group upped their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research report on Friday, April 12th. Finally, TD Cowen assumed coverage on shares of Travelers Companies in a research report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price target for the company. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $220.78.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $213.99 on Thursday. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The business has a 50-day simple moving average of $221.79 and a two-hundred day simple moving average of $196.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $49.03 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same period last year, the firm posted $4.11 EPS. Travelers Companies’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, analysts expect that Travelers Companies will post 17.62 earnings per share for the current year.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, 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 completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total value of $2,588,625.16. Following the transaction, the executive vice president now owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The disclosure for this sale can be found here. Insiders sold 109,775 shares of company stock worth $23,343,903 in the last three months. 1.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TRV. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Travelers Companies by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock worth $18,217,000 after acquiring an additional 1,600 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Travelers Companies by 124.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after acquiring an additional 7,649 shares during the last quarter. Worth Asset Management LLC bought a new stake in shares of Travelers Companies in the 4th quarter worth about $2,201,000. Nordea Investment Management AB lifted its holdings in shares of Travelers Companies by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after acquiring an additional 16,580 shares during the last quarter. Finally, DNB Asset Management AS lifted its holdings in shares of Travelers Companies by 53.5% in the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock worth $13,240,000 after acquiring an additional 24,230 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

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.