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

Travelers Companies (NYSE:TRVGet Free Report) had its target price hoisted by investment analysts at Mizuho from $324.00 to $343.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price target indicates a potential downside of 11.47% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. Wells Fargo & Company raised their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Roth Capital upped their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday. Bank of America increased their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research note on Monday, July 20th. UBS Group raised their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research note on Monday, July 13th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $354.26.

Get Our Latest Stock Report on TRV

Travelers Companies Trading Up 2.9%

NYSE:TRV opened at $387.42 on Friday. The stock’s 50 day moving average price is $322.06 and its 200 day moving average price is $304.48. The company has a market capitalization of $80.80 billion, a PE ratio of 10.38, a P/E/G ratio of 3.87 and a beta of 0.46. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. Travelers Companies has a 52-week low of $252.26 and a 52-week high of $389.11.

Travelers Companies (NYSE:TRVGet Free Report) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the previous year, the company posted $6.51 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. On average, research analysts anticipate that Travelers Companies will post 32.49 EPS for the current year.

Insider Buying and Selling

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the transaction, the insider directly owned 48,737 shares of the company’s stock, valued at approximately $15,049,010.86. The trade was a 12.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the transaction, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. The trade was a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,292 shares of company stock valued at $5,639,800 over the last three months. 1.39% of the stock is currently owned by company insiders.

Institutional Trading of Travelers Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. HHM Wealth Advisors LLC lifted its position in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new position in Travelers Companies during the 1st quarter worth approximately $26,000. LifeSteps Financial Inc. purchased a new position in shares of Travelers Companies during the 2nd quarter worth approximately $26,000. Kemnay Advisory Services Inc. purchased a new position in shares of Travelers Companies during the 4th quarter worth approximately $26,000. Finally, Osterweis Capital Management Inc. lifted its holdings in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies News Roundup

Here are the key news stories impacting Travelers Companies this week:

Travelers Companies Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Travelers Companies (NYSE:TRV)

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