Weiss Ratings Reaffirms "Buy (B)" Rating for Travelers Companies (NYSE:TRV)

Key Points

• Weiss Ratings has reiterated a "Buy (B)" rating for Travelers Companies (NYSE:TRV), indicating confidence in the stock's performance.
• Travelers Companies has a current market cap of $61.82 billion, with shares recently trading at $274.60 after a gain of $4.22 during trading hours.
• There are mixed ratings from analysts, with consensus indicating a "Hold" rating and a price target averaging $290.11.

Travelers Companies (NYSE:TRV - Get Free Report)'s stock had its "buy (b)" rating reiterated by stock analysts at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Several other research firms also recently weighed in on TRV. Citigroup began coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price for the company. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Barclays set a $313.00 price objective on shares of Travelers Companies in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $275.00 to $291.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and a consensus price target of $290.11.

Travelers Companies Stock Performance

Shares of TRV traded up $4.22 during trading hours on Tuesday, hitting $274.60. The company's stock had a trading volume of 373,684 shares, compared to its average volume of 1,283,552. The company has a market cap of $61.82 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 3.08 and a beta of 0.51. 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 business has a 50 day simple moving average of $273.82 and a two-hundred day simple moving average of $266.24. 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 posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate 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 was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $2.51 earnings per share. On average, equities 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 business's 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 in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders own 1.46% of the company's stock.

Institutional Investors Weigh In On Travelers Companies

Hedge funds have recently made changes to their positions in the business. PFG Advisors lifted its holdings in shares of Travelers Companies by 108.8% in the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after acquiring an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. lifted its holdings in shares of Travelers Companies by 3.0% in the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock worth $16,120,000 after acquiring an additional 1,772 shares during the last quarter. Atlas Capital Advisors Inc. lifted its holdings in shares of Travelers Companies by 890.9% in the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider's stock worth $1,205,000 after acquiring an additional 4,098 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of Travelers Companies by 47.3% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock worth $1,403,000 after acquiring an additional 1,703 shares during the last quarter. Finally, Alpha Cubed Investments LLC lifted its holdings in shares of Travelers Companies by 200.2% in the 1st quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider's stock worth $870,000 after acquiring an additional 2,194 shares during the last quarter. 82.45% of the stock is currently owned by 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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