Travelers Companies (NYSE:TRV) Price Target Increased to $226.00 by Analysts at Citigroup

Travelers Companies (NYSE:TRV - Get Free Report) had its target price boosted by research analysts at Citigroup from $215.00 to $226.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the insurance provider's stock. Citigroup's target price points to a potential upside of 1.30% from the company's previous close.

TRV has been the topic of a number of other research reports. Oppenheimer reiterated a "market perform" rating on shares of Travelers Companies in a report on Friday, April 5th. Janney Montgomery Scott began coverage on shares of Travelers Companies in a research note on Wednesday, December 20th. They set a "buy" rating and a $215.00 target price for the company. Keefe, Bruyette & Woods lifted their target price on shares of Travelers Companies from $215.00 to $241.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 10th. StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Friday, March 29th. Finally, Morgan Stanley lifted their target price on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $217.00.

Travelers Companies Trading Up 0.9 %

Shares of NYSE:TRV traded up $2.05 during mid-day trading on Tuesday, reaching $223.11. 1,411,417 shares of the company's stock were exchanged, compared to its average volume of 1,435,062. The firm has a market capitalization of $51.12 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.16 and a beta of 0.58. The business's fifty day moving average price is $222.02 and its 200-day moving average price is $196.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. 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 issued its quarterly earnings results on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, topping analysts' consensus estimates of $5.10 by $1.91. The company had revenue of $10.93 billion for the quarter, compared to analyst estimates of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. Travelers Companies's revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.40 earnings per share. On average, research analysts predict that Travelers Companies will post 17.62 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were 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 owns 14,810 shares of the company's stock, valued at approximately $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Vice Chairman William H. Heyman sold 26,633 shares of the company's stock in a transaction 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 sale, the insider now owns 255,178 shares of the company's stock, valued at approximately $54,291,671.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company's stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,775 shares of company stock valued at $23,343,903. Company insiders own 1.33% of the company's stock.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently added to or reduced their stakes in the company. Wealth Quarterback LLC lifted its position in shares of Travelers Companies by 1.1% in the 4th quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider's stock worth $825,000 after purchasing an additional 49 shares during the period. Kapitalo Investimentos Ltda lifted its position in shares of Travelers Companies by 24.1% in the 4th quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider's stock worth $48,000 after purchasing an additional 49 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of Travelers Companies by 9.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider's stock worth $129,000 after purchasing an additional 50 shares during the period. Norwood Financial Corp lifted its position in shares of Travelers Companies by 16.1% in the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider's stock worth $83,000 after purchasing an additional 50 shares during the period. Finally, Grimes & Company Inc. lifted its position in shares of Travelers Companies by 2.2% in the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider's stock worth $461,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Company Profile

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.