JPMorgan Chase & Co. Boosts Travelers Companies (NYSE:TRV) Price Target to $213.00

Travelers Companies (NYSE:TRV - Get Free Report) had its target price lifted by investment analysts at JPMorgan Chase & Co. from $194.00 to $213.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an "underweight" rating on the insurance provider's stock. JPMorgan Chase & Co.'s price target suggests a potential downside of 7.63% from the stock's previous close.

Several other equities analysts have also recently weighed in on the stock. HSBC raised their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a "hold" rating in a research note on Thursday. Piper Sandler reissued a "neutral" rating and issued a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Friday, March 29th. TD Cowen initiated coverage on shares of Travelers Companies in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $247.00 target price for the company. Finally, The Goldman Sachs Group raised their target price on shares of Travelers Companies from $166.00 to $186.00 and gave the company a "sell" rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $207.19.

Travelers Companies Trading Down 0.1 %

Shares of NYSE:TRV traded down $0.30 during mid-day trading on Monday, reaching $230.59. The stock had a trading volume of 1,462,157 shares, compared to its average volume of 1,462,196. The firm has a market cap of $52.84 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.21 and a beta of 0.58. The firm has a 50 day simple moving average of $220.90 and a two-hundred day simple moving average of $193.76. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. Travelers Companies has a twelve month low of $157.33 and a twelve month high of $232.75.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, topping the consensus estimate of $5.10 by $1.91. The firm had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The business's quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $3.40 EPS. On average, research analysts predict that Travelers Companies will post 17.7 EPS for the current fiscal year.

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of the business's stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company's stock, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company's stock, valued at $3,147,865.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 26,633 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now directly owns 255,178 shares in the company, valued at $54,291,671.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,775 shares of company stock valued at $23,343,903. 1.29% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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