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

Key Points

• Wells Fargo & Company has increased its price target for Travelers Companies from $291.00 to $294.00, indicating a potential upside of 12.38% from the current stock price.
• The company's quarterly earnings exceeded expectations, reporting $8.14 earnings per share, significantly higher than the consensus estimate of $6.01.
• Travelers Companies has received varying ratings from analysts, with one "Strong Buy," seven "Buy," eleven "Hold," and one "Sell," resulting in an average target price of $291.76.

Travelers Companies (NYSE:TRV - Get Free Report) had its price target boosted by research analysts at Wells Fargo & Company from $291.00 to $294.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the insurance provider's stock. Wells Fargo & Company's target price points to a potential upside of 12.38% from the stock's current price.

A number of other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the company an "underweight" rating in a report on Thursday, October 9th. Wolfe Research started coverage on Travelers Companies in a report on Monday, September 15th. They set a "peer perform" rating on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Travelers Companies in a research note on Tuesday. The Goldman Sachs Group reissued a "buy" rating on shares of Travelers Companies in a report on Friday. Finally, UBS Group raised their price objective on Travelers Companies from $284.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $291.76.

Travelers Companies Stock Down 2.9%

Shares of Travelers Companies stock opened at $261.61 on Friday. The firm has a market cap of $58.90 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 2.98 and a beta of 0.51. The stock has a 50-day simple moving average of $273.99 and a 200-day simple moving average of $266.31. Travelers Companies has a 52-week low of $230.23 and a 52-week high of $287.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. The firm had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $5.24 earnings per share. On average, equities research analysts expect that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president directly owned 18,416 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred 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. Insiders own 1.46% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TRV. 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 worth $25,000 after buying an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $26,000. Osterweis Capital Management Inc. grew its holdings in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Missouri Trust & Investment Co increased its position in shares of 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 purchasing an additional 55 shares during the period. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Travelers Companies in the second quarter valued at $27,000. Institutional investors and hedge funds own 82.45% of the company's stock.

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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