Travelers Companies (NYSE:TRV) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Travelers Companies (NYSE:TRV - Get Free Report) had its price objective increased by equities research analysts at Wells Fargo & Company from $264.00 to $275.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the insurance provider's stock. Wells Fargo & Company's price target points to a potential upside of 3.47% from the company's previous close.

Other analysts have also issued research reports about the company. Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $280.00 to $274.00 in a report on Monday, July 7th. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Jefferies Financial Group increased their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the company an "equal weight" rating in a research report on Monday, May 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $274.61.

Travelers Companies Stock Up 1.5%

Shares of TRV stock traded up $3.96 during trading hours on Friday, hitting $265.77. 1,687,842 shares of the company's stock traded hands, compared to its average volume of 1,289,074. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock's fifty day simple moving average is $265.92 and its two-hundred day simple moving average is $256.35. Travelers Companies has a 12-month low of $203.21 and a 12-month high of $277.83. The stock has a market cap of $60.03 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 3.92 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 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 the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. Travelers Companies's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.51 EPS. On average, analysts expect that Travelers Companies will post 17.02 EPS for the current year.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares in the company, valued at $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maria Olivo sold 36,199 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the sale, the executive vice president directly owned 118,116 shares in the company, valued at $32,387,407.20. This represents a 23.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock worth $44,868,201 in the last 90 days. 1.46% of the stock is owned by insiders.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors have recently made changes to their positions in TRV. Cornerstone Planning Group LLC boosted its position in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Putney Financial Group LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies during the 4th quarter valued at approximately $26,000. Greykasell Wealth Strategies Inc. acquired a new stake in Travelers Companies in the 1st quarter valued at $26,000. Finally, Missouri Trust & Investment Co increased its holdings in Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock worth $27,000 after acquiring an additional 55 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.