Travelers Companies (NYSE:TRV) Stock Rating Reaffirmed by Roth Mkm

Travelers Companies (NYSE:TRV - Get Free Report)'s stock had its "buy" rating reissued by Roth Mkm in a research note issued on Thursday, Benzinga reports. They presently have a $240.00 target price on the insurance provider's stock. Roth Mkm's price target indicates a potential upside of 14.04% from the stock's current price.

Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $215.00 to $241.00 and gave the company a "market perform" rating in a research note on Wednesday, April 10th. Piper Sandler restated a "neutral" rating and issued a $213.00 price objective on shares of Travelers Companies in a research note on Monday, April 1st. Oppenheimer restated a "market perform" rating on shares of Travelers Companies in a research note on Friday, April 5th. Citigroup boosted their price target on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Evercore ISI boosted their price target on shares of Travelers Companies from $230.00 to $253.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and an average target price of $218.39.

Travelers Companies Stock Performance

TRV traded up $3.88 on Thursday, reaching $210.46. The company had a trading volume of 2,048,292 shares, compared to its average volume of 1,500,989. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $232.75. The stock has a market capitalization of $48.22 billion, a PE ratio of 16.32, a P/E/G ratio of 1.17 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $221.87 and a 200-day moving average price of $196.17.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts' consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.11 earnings per share. As a group, research analysts forecast that Travelers Companies will post 17.64 EPS for the current fiscal year.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now 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 Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Daniel S. Frey sold 38,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now 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 Securities & Exchange Commission, which is accessible through this link. Also, EVP David Donnay Rowland sold 10,181 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $214.00, for a total transaction of $2,178,734.00. Following the transaction, the executive vice president now directly owns 7,865 shares in the company, valued at approximately $1,683,110. The disclosure for this sale can be found here. Insiders have sold 109,775 shares of company stock valued at $23,343,903 over the last quarter. Corporate insiders own 1.33% of the company's stock.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Travelers Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider's stock valued at $4,132,313,000 after buying an additional 148,012 shares during the period. Price T Rowe Associates Inc. MD increased its position 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 purchasing an additional 2,440,650 shares during the last quarter. Clearbridge Investments LLC increased its position 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 purchasing an additional 623,974 shares during the last quarter. Northern Trust Corp increased its position in Travelers Companies by 0.9% during the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider's stock worth $560,451,000 after purchasing an additional 29,989 shares during the last quarter. Finally, Morgan Stanley increased its position 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 purchasing an additional 539,294 shares during the last quarter. 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.