Travelers Companies (NYSE:TRV) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. raised its target price for Travelers Companies (NYSE:TRV) from $289.00 to $297.00, indicating a potential upside of 5.05% from the previous close, but maintained an "underweight" rating.
• Travelers Companies recently reported earnings of $6.51 per share, significantly exceeding analysts' expectations of $3.52, with a revenue of $11.54 billion for the quarter, up 7.4% year-over-year.
• Several research firms have varied ratings on Travelers Companies, with one strong buy, seven buy ratings, and a consensus rating of "hold" with an average price target of $290.11.

Travelers Companies (NYSE:TRV - Get Free Report) had its target price boosted by analysts at JPMorgan Chase & Co. from $289.00 to $297.00 in a report released on Thursday,Benzinga reports. The firm currently has an "underweight" rating on the insurance provider's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 5.05% from the company's previous close.

TRV has been the topic of several other research reports. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Evercore ISI restated an "outperform" rating on shares of Travelers Companies in a research note on Wednesday, October 1st. UBS Group upped their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a "neutral" rating in a research note on Wednesday. Citigroup started coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 target price on the stock. Finally, Wall Street Zen lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $290.11.

Travelers Companies Trading Down 0.0%

NYSE TRV traded down $0.04 during trading hours on Thursday, reaching $282.72. The company had a trading volume of 30,641 shares, compared to its average volume of 1,283,979. The stock has a market capitalization of $63.65 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 3.27 and a beta of 0.51. Travelers Companies has a 1-year low of $230.23 and a 1-year high of $287.95. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $273.15 and a 200 day moving average of $265.96.

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

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were 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 directly 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 disclosure for this sale can be found here. 1.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Large investors have recently modified their holdings of the company. PFG Advisors lifted its holdings in shares of Travelers Companies by 108.8% during the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after purchasing an additional 2,217 shares during the period. Greatmark Investment Partners Inc. lifted its holdings in shares of Travelers Companies by 3.0% during the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock worth $16,120,000 after purchasing an additional 1,772 shares during the period. Portside Wealth Group LLC acquired a new stake in shares of Travelers Companies during the first quarter worth $208,000. Atlas Capital Advisors Inc. lifted its holdings in shares of Travelers Companies by 890.9% during the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider's stock worth $1,205,000 after purchasing an additional 4,098 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Travelers Companies by 47.3% during the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock worth $1,403,000 after purchasing an additional 1,703 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

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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