Travelers Companies (NYSE:TRV) Given New $284.00 Price Target at UBS Group

Travelers Companies (NYSE:TRV - Get Free Report) had its target price hoisted by analysts at UBS Group from $275.00 to $284.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the insurance provider's stock. UBS Group's price objective suggests a potential upside of 6.47% from the company's current price.

A number of other brokerages have also recently weighed in on TRV. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Friday. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Jefferies Financial Group increased their target price on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. lifted their target price on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and an average target price of $275.56.

Travelers Companies Trading Up 0.3%

NYSE:TRV traded up $0.78 during trading hours on Monday, reaching $266.75. 423,652 shares of the company were exchanged, compared to its average volume of 1,285,659. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. Travelers Companies has a 52-week low of $203.21 and a 52-week high of $277.83. The stock has a 50 day simple moving average of $265.92 and a 200 day simple moving average of $256.46. The firm has a market cap of $60.05 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 3.82 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the company earned $2.51 earnings per share. Travelers Companies's quarterly revenue was up 7.4% on a year-over-year basis. As a group, analysts predict that Travelers Companies will post 17.02 EPS for the current year.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the sale, the insider directly owned 255,086 shares in the company, valued at approximately $70,021,107. The trade was a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 9,044 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.17, for a total value of $2,479,593.48. Following the sale, the executive vice president owned 33,638 shares in the company, valued at approximately $9,222,530.46. This represents a 21.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Travelers Companies by 11.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,739 shares of the insurance provider's stock worth $13,575,000 after buying an additional 5,234 shares during the period. Cornell Pochily Investment Advisors Inc. raised its position in Travelers Companies by 14.5% during the 2nd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,591 shares of the insurance provider's stock valued at $426,000 after purchasing an additional 202 shares during the last quarter. J. Safra Sarasin Holding AG purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $1,823,000. Warren Street Wealth Advisors LLC raised its holdings in shares of Travelers Companies by 5.3% during the second quarter. Warren Street Wealth Advisors LLC now owns 938 shares of the insurance provider's stock valued at $251,000 after acquiring an additional 47 shares in the last quarter. Finally, Pure Financial Advisors LLC increased its position in Travelers Companies by 105.3% during the 2nd quarter. Pure Financial Advisors LLC now owns 2,156 shares of the insurance provider's stock valued at $577,000 after purchasing an additional 1,106 shares during the period. Hedge funds and other 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.

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