Travelers Companies (NYSE:TRV) Rating Increased to Strong-Buy at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has upgraded Travelers Companies (NYSE: TRV) to a "strong-buy" rating, indicating positive sentiment about the stock's performance.
• Travelers reported a quarterly EPS of $6.51, exceeding analysts' expectations of $3.52, along with a revenue of $11.54 billion.
• The company currently has a consensus rating of "Hold" with an average price target of $284.56 from various research firms.

Travelers Companies (NYSE:TRV - Get Free Report) was upgraded by equities researchers at Cantor Fitzgerald to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports.

TRV has been the subject of a number of other research reports. Wells Fargo & Company increased their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. UBS Group raised their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Wall Street Zen downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Evercore ISI raised their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average price target of $284.56.

Travelers Companies Stock Up 2.1%

Shares of Travelers Companies stock opened at $269.60 on Wednesday. The company has a market cap of $60.70 billion, a P/E ratio of 11.92, a PEG ratio of 3.02 and a beta of 0.51. 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 one year low of $211.20 and a one year high of $277.83. The firm has a fifty day moving average of $262.63 and a two-hundred day moving average of $259.05.

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, topping analysts' consensus estimates of $3.52 by $2.99. The company had revenue of $11.54 billion during 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 quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.51 EPS. On average, analysts forecast that Travelers Companies will post 17.02 earnings per share for the current year.

Insider Transactions at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 23,434 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the transaction, the insider directly owned 48,387 shares of the company's stock, valued at $13,254,650.91. The trade was a 32.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock valued at $47,929,912 in the last quarter. Insiders own 1.46% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bearing Point Capital LLC lifted its position in Travelers Companies by 2.0% during the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock valued at $522,000 after buying an additional 38 shares in the last quarter. Forum Financial Management LP lifted its position in shares of Travelers Companies by 0.9% during the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock worth $1,171,000 after purchasing an additional 39 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of Travelers Companies by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock worth $84,000 after purchasing an additional 39 shares in the last quarter. Associated Banc Corp lifted its position in shares of Travelers Companies by 1.4% during the second quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider's stock worth $731,000 after purchasing an additional 39 shares in the last quarter. Finally, Park National Corp OH lifted its position in shares of Travelers Companies by 1.6% during the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider's stock worth $690,000 after purchasing an additional 40 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

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.

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