Travelers Companies (NYSE:TRV) Upgraded at Zacks Research

Travelers Companies (NYSE:TRV - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. UBS Group raised their price objective on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 8th. Wells Fargo & Company reissued a "positive" rating on shares of Travelers Companies in a research note on Friday, October 17th. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Wolfe Research started coverage on shares of Travelers Companies in a research note on Monday, September 15th. They issued a "peer perform" rating on the stock. Finally, Evercore ISI reissued an "outperform" rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $291.31.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $269.05 on Wednesday. The stock has a market capitalization of $60.01 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 2.43 and a beta of 0.51. Travelers Companies has a 12 month low of $230.23 and a 12 month high of $287.95. The firm's 50 day simple moving average is $274.04 and its 200-day simple moving average is $266.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping analysts' consensus estimates of $6.01 by $2.13. The business had revenue of $11.47 billion for the quarter, compared to analysts' expectations of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business's revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $5.24 EPS. Analysts expect that Travelers Companies will post 17.02 EPS for the current year.

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelers Companies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bearing Point Capital LLC raised its holdings in Travelers Companies by 2.0% in the 1st 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 during the period. Forum Financial Management LP raised its holdings in Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after buying an additional 39 shares during the period. Y.D. More Investments Ltd raised its holdings in Travelers Companies by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock valued at $84,000 after buying an additional 39 shares during the period. Associated Banc Corp raised its holdings in Travelers Companies by 1.4% in the 2nd quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider's stock valued at $731,000 after buying an additional 39 shares during the period. Finally, Park National Corp OH raised its holdings in Travelers Companies by 1.6% in the 2nd quarter. Park National Corp OH now owns 2,580 shares of the insurance provider's stock valued at $690,000 after buying an additional 40 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

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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