Travelers Companies (NYSE:TRV) Price Target Raised to $264.00

Travelers Companies (NYSE:TRV - Get Free Report) had its price target hoisted by equities researchers at Wells Fargo & Company from $260.00 to $264.00 in a research note issued on Thursday, July 10th, MarketBeat.com reports. The brokerage presently has an "equal weight" rating on the insurance provider's stock. Wells Fargo & Company's price objective points to a potential upside of 0.73% from the company's current price.

A number of other research analysts have also recently commented on TRV. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. increased their price target on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Evercore ISI raised their target price on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Finally, Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and a consensus target price of $275.56.

Travelers Companies Stock Down 1.0%

Shares of TRV opened at $262.08 on Thursday. Travelers Companies has a 52 week low of $206.43 and a 52 week high of $277.83. The stock has a market capitalization of $59.00 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 3.14 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a fifty day moving average of $265.71 and a 200-day moving average of $256.87.

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

Insider Buying and Selling

In related news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the sale, the executive vice president owned 118,116 shares of the company's stock, valued at approximately $32,387,407.20. The trade was a 23.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer directly owned 26,932 shares in the company, valued at $7,365,363.36. This trade represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,374 shares of company stock worth $47,929,912 in the last three months. Insiders own 1.46% of the company's stock.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aberdeen Group plc raised its holdings in Travelers Companies by 11.7% during the 2nd quarter. Aberdeen Group plc now owns 198,525 shares of the insurance provider's stock valued at $53,113,000 after acquiring an additional 20,754 shares during the period. Strong Tower Advisory Services bought a new stake in Travelers Companies during the 2nd quarter valued at $266,000. PDS Planning Inc raised its holdings in Travelers Companies by 3.0% during the 2nd quarter. PDS Planning Inc now owns 1,971 shares of the insurance provider's stock valued at $527,000 after acquiring an additional 58 shares during the period. JB Capital LLC raised its holdings in Travelers Companies by 7.5% during the 2nd quarter. JB Capital LLC now owns 4,102 shares of the insurance provider's stock valued at $1,097,000 after acquiring an additional 285 shares during the period. Finally, Blue Trust Inc. raised its holdings in Travelers Companies by 0.9% during the 2nd quarter. Blue Trust Inc. now owns 5,261 shares of the insurance provider's stock valued at $1,408,000 after acquiring an additional 47 shares during the period. Institutional investors 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.