Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Travelers Companies (NYSE:TRV) Stock

Travelers Companies (NYSE:TRV - Get Free Report) had its price target lifted by research analysts at Keefe, Bruyette & Woods from $304.00 to $316.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' target price points to a potential upside of 18.90% from the stock's previous close.

Several other brokerages also recently commented on TRV. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. UBS Group decreased their target price on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company set a $264.00 target price on Travelers Companies and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $274.61.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $3.96 during trading on Friday, reaching $265.77. 1,687,842 shares of the company's stock were exchanged, compared to its average volume of 1,289,074. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a 1-year low of $203.21 and a 1-year high of $277.83. The company has a market cap of $60.03 billion, a P/E ratio of 11.75, a PEG ratio of 3.92 and a beta of 0.51. The firm's 50-day moving average price is $265.92 and its 200 day moving average price is $256.35.

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

Insider Activity

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the transaction, the executive vice president directly owned 118,116 shares of the company's stock, valued at $32,387,407.20. The trade was a 23.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total value of $9,707,143.68. Following the sale, the chief executive officer owned 262,329 shares in the company, valued at $71,820,433.62. The trade was a 11.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TRV. Cornerstone Planning Group LLC boosted its holdings in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 84 shares in the last quarter. Putney Financial Group LLC purchased a new stake in Travelers Companies in the 4th quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new stake in Travelers Companies during the 4th quarter valued at approximately $26,000. Greykasell Wealth Strategies Inc. purchased a new stake in Travelers Companies during the 1st quarter valued at approximately $26,000. Finally, Missouri Trust & Investment Co grew its holdings in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock valued at $27,000 after buying an additional 55 shares in 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.