Travelers Companies' (TRV) "Market Perform" Rating Reaffirmed at Oppenheimer

Travelers Companies (NYSE:TRV - Get Free Report)'s stock had its "market perform" rating restated by Oppenheimer in a research report issued on Friday, Benzinga reports.

A number of other research firms have also recently issued reports on TRV. Royal Bank of Canada lifted their price target on shares of Travelers Companies from $185.00 to $210.00 and gave the company a "sector perform" rating in a research note on Monday, January 22nd. The Goldman Sachs Group lifted their price target 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. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $194.00 to $215.00 and gave the company a "market perform" rating in a research note on Monday, January 22nd. Janney Montgomery Scott initiated coverage on shares of Travelers Companies in a research note on Wednesday, December 20th. They issued a "buy" rating and a $215.00 price target on the stock. Finally, HSBC lifted their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the company a "hold" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $206.00.

Travelers Companies Stock Performance

Shares of NYSE TRV traded up $2.39 during midday trading on Friday, reaching $230.89. 856,908 shares of the stock were exchanged, compared to its average volume of 1,462,192. The firm has a market cap of $52.90 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.20 and a beta of 0.58. Travelers Companies has a twelve month low of $157.33 and a twelve month high of $232.75. The firm has a 50-day simple moving average of $220.12 and a two-hundred day simple moving average of $192.53. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $10.93 billion for the quarter, compared to analysts' expectations of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The business's revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company earned $3.40 EPS. As a group, analysts anticipate that Travelers Companies will post 17.7 EPS for the current fiscal year.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Michael Frederick Klein sold 12,287 shares of the company's stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the sale, the executive vice president now owns 14,080 shares in the company, valued at $2,966,374.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the company's stock in a transaction 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 in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock worth $23,343,903 in the last quarter. Company insiders own 1.29% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TRV. Price T Rowe Associates Inc. MD grew its holdings in Travelers Companies by 56.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,766,079 shares of the insurance provider's stock worth $1,288,871,000 after acquiring an additional 2,440,650 shares during the period. Norges Bank acquired a new position in Travelers Companies during the fourth quarter worth $282,593,000. Barclays PLC grew its holdings in Travelers Companies by 215.5% during the second quarter. Barclays PLC now owns 917,756 shares of the insurance provider's stock worth $159,378,000 after acquiring an additional 626,837 shares during the period. Clearbridge Investments LLC grew its holdings in Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider's stock worth $747,267,000 after acquiring an additional 623,974 shares during the period. Finally, Morgan Stanley grew its holdings in Travelers Companies by 19.6% during the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider's stock worth $615,847,000 after acquiring an additional 539,294 shares during the period. Institutional investors and hedge funds 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.