Travelers Companies (NYSE:TRV) Shares Gap Down - Time to Sell?

Key Points

• The Travelers Companies' shares opened significantly lower at $252.60, down from a previous close of $269.45, with a trading volume of 767,951 shares.
• Wall Street analysts have mixed ratings for TRV, with price targets ranging from $285.00 to $313.00, and an average target price of $290.11.
• In their latest earnings report, Travelers Companies posted an earnings per share of $8.14, surpassing analyst expectations of $6.01, with a revenue of $11.47 billion.

The Travelers Companies, Inc. (NYSE:TRV - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $269.45, but opened at $252.60. Travelers Companies shares last traded at $262.59, with a volume of 767,951 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TRV shares. Morgan Stanley increased their price objective on Travelers Companies from $269.00 to $285.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 7th. Wells Fargo & Company raised their price target on Travelers Companies from $275.00 to $291.00 and gave the company an "equal weight" rating in a report on Wednesday, October 8th. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a report on Wednesday, August 13th. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a report on Saturday, October 11th. Finally, Barclays set a $313.00 price target on Travelers Companies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average target price of $290.11.

Travelers Companies Stock Down 2.7%

The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a 50-day simple moving average of $274.06 and a two-hundred day simple moving average of $266.33. The company has a market cap of $59.05 billion, a PE ratio of 11.60, a P/E/G ratio of 3.06 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping the consensus estimate of $6.01 by $2.13. The company had revenue of $11.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.Travelers Companies's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $5.24 earnings per share. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, the executive vice president owned 18,416 shares of the company's stock, valued at $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. Company insiders own 1.46% of the company's stock.

Hedge Funds Weigh In On Travelers Companies

Large investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC grew 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 valued at $25,000 after acquiring an additional 84 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in Travelers Companies during the first quarter valued at about $26,000. Osterweis Capital Management Inc. grew its position in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 91 shares during the period. Missouri Trust & Investment Co grew its position in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock valued at $27,000 after acquiring an additional 55 shares during the period. Finally, Delos Wealth Advisors LLC purchased a new stake in Travelers Companies during the second quarter valued at about $27,000. 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.

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