Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Travelers Companies (NYSE:TRV) Stock

Travelers Companies (NYSE:TRV - Get Free Report) had its price objective upped by equities research analysts at Keefe, Bruyette & Woods from $290.00 to $303.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 10.49% from the company's previous close.

Several other research analysts also recently commented on the company. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Wells Fargo & Company boosted their price target on Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Evercore ISI boosted their price target on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Finally, UBS Group reduced their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $271.11.

Travelers Companies Stock Down 0.6%

Shares of TRV stock traded down $1.65 on Wednesday, hitting $274.23. 485,600 shares of the stock were exchanged, compared to its average volume of 1,289,758. The business has a 50-day moving average of $260.51 and a 200 day moving average of $253.26. Travelers Companies has a fifty-two week low of $200.21 and a fifty-two week high of $280.28. The firm has a market capitalization of $62.13 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same period last year, the company earned $4.69 earnings per share. Equities analysts anticipate that Travelers Companies will post 17.02 EPS for the current year.

Institutional Trading of Travelers Companies

A number of hedge funds have recently bought and sold shares of the business. Bearing Point Capital LLC lifted its holdings in Travelers Companies by 2.0% during the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock worth $522,000 after acquiring an additional 38 shares during the period. Forum Financial Management LP grew its position in Travelers Companies by 0.9% during the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock worth $1,171,000 after buying an additional 39 shares in the last quarter. Y.D. More Investments Ltd grew its position in Travelers Companies by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock worth $84,000 after buying an additional 39 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its position in Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after buying an additional 41 shares in the last quarter. Finally, Quent Capital LLC grew its position in Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after buying an additional 43 shares in 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.

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