Travelers Companies (NYSE:TRV) Stock Rating Upgraded by Wall Street Zen

Key Points

• Travelers Companies' stock rating was upgraded from "hold" to "buy" by analysts at Wall Street Zen, indicating increased investor confidence.
• Several equities analysts have raised their price targets on the stock, with Morgan Stanley increasing their target from $269.00 to $285.00.
• Travelers Companies reported a significant earnings beat of $6.51 per share, exceeding the consensus estimate of $3.52, and a revenue of $11.54 billion for the last quarter, reflecting a year-over-year growth of 7.4%.

Travelers Companies (NYSE:TRV - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

Several other equities analysts have also weighed in on the stock. Morgan Stanley raised their price objective on shares of Travelers Companies from $269.00 to $285.00 and gave the company an "equal weight" rating in a research report on Tuesday. Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. increased their price target on Travelers Companies from $289.00 to $297.00 and gave the company an "underweight" rating in a report on Thursday. Weiss Ratings reiterated a "buy (b+)" rating on shares of Travelers Companies in a report on Saturday, September 27th. Finally, Citigroup assumed coverage on Travelers Companies in a report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $290.11.

Travelers Companies Price Performance

NYSE TRV opened at $269.92 on Friday. The firm has a market capitalization of $60.77 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 3.13 and a beta of 0.51. The company has a 50 day simple moving average of $273.66 and a 200-day simple moving average of $266.13. 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 has a 52-week low of $230.23 and a 52-week high of $287.95.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 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 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.51 earnings per share. Equities research analysts predict that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 18,416 shares in the company, valued at $4,900,865.92. This trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.46% of the company's stock.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Planning Group LLC boosted its stake 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. acquired a new stake in Travelers Companies during the first quarter worth $26,000. Osterweis Capital Management Inc. boosted its stake 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 worth $26,000 after buying an additional 91 shares in the last quarter. Missouri Trust & Investment Co boosted its stake in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock worth $27,000 after buying an additional 55 shares in the last quarter. Finally, Delos Wealth Advisors LLC acquired a new stake in Travelers Companies during the second quarter worth $27,000. 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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