Travelers Companies (NYSE:TRV) had its price objective raised by equities researchers at Morgan Stanley from $172.00 to $177.00 in a report issued on Friday, Benzinga reports. The firm currently has an "equal weight" rating on the insurance provider's stock. Morgan Stanley's target price points to a potential upside of 8.98% from the company's previous close.
Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. increased their target price on Travelers Companies from $158.00 to $159.00 and gave the stock an "underweight" rating in a research report on Thursday, January 6th. They noted that the move was a valuation call. Jefferies Financial Group initiated coverage on Travelers Companies in a research report on Thursday, November 18th. They issued a "hold" rating and a $165.00 target price on the stock. Zacks Investment Research lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $170.00 target price on the stock. in a research report on Friday, December 17th. Finally, The Goldman Sachs Group initiated coverage on Travelers Companies in a research report on Monday, November 22nd. They issued a "neutral" rating and a $165.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $164.60.
NYSE TRV traded down $0.63 on Friday, hitting $162.42. 13,703 shares of the stock traded hands, compared to its average volume of 1,330,879. The stock has a 50-day moving average of $156.64 and a 200 day moving average of $155.81. Travelers Companies has a twelve month low of $135.87 and a twelve month high of $168.31. The company has a market capitalization of $39.96 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 1.99 and a beta of 0.77. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.26.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Monday, October 18th. The insurance provider reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.60. The business had revenue of $8.32 billion for the quarter, compared to the consensus estimate of $7.75 billion. Travelers Companies had a return on equity of 12.15% and a net margin of 10.64%. The business's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $3.12 EPS. As a group, equities research analysts expect that Travelers Companies will post 12.58 earnings per share for the current year.
In related news, EVP Andy F. Bessette sold 6,005 shares of the firm's stock in a transaction dated Tuesday, November 23rd. The stock was sold at an average price of $159.87, for a total transaction of $960,019.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Frederick Klein sold 5,876 shares of the firm's stock in a transaction dated Monday, October 25th. The shares were sold at an average price of $161.71, for a total value of $950,207.96. The disclosure for this sale can be found here. Insiders have sold 26,570 shares of company stock valued at $4,289,845 in the last ninety days. Company insiders own 0.92% of the company's stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BKD Wealth Advisors LLC boosted its position in Travelers Companies by 5.2% during the 4th quarter. BKD Wealth Advisors LLC now owns 12,392 shares of the insurance provider's stock worth $1,938,000 after acquiring an additional 609 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in Travelers Companies during the 4th quarter worth about $656,000. 44 Wealth Management LLC boosted its position in Travelers Companies by 5.1% during the 4th quarter. 44 Wealth Management LLC now owns 1,656 shares of the insurance provider's stock worth $259,000 after acquiring an additional 81 shares during the period. Abner Herrman & Brock LLC raised its stake in shares of Travelers Companies by 27.3% during the 4th quarter. Abner Herrman & Brock LLC now owns 1,850 shares of the insurance provider's stock worth $289,000 after purchasing an additional 397 shares in the last quarter. Finally, Diversified Trust Co raised its stake in shares of Travelers Companies by 5.0% during the 4th quarter. Diversified Trust Co now owns 3,435 shares of the insurance provider's stock worth $537,000 after purchasing an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.
About Travelers Companies
The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a broad array of property and casualty insurance, and insurance related services to its customers.
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