Wells Fargo & Company Issues Positive Forecast for Travelers Companies (NYSE:TRV) Stock Price

Key Points

• Wells Fargo & Company has increased the price target for Travelers Companies (NYSE: TRV) from $275.00 to $291.00, maintaining an "equal weight" rating, suggesting potential upside from the current stock price.
• Travelers Companies reported impressive quarterly earnings of $6.51 per share, significantly beating consensus estimates of $3.52, along with a revenue of $11.54 billion.
• Analysts have mixed ratings on TRV, with one Strong Buy, seven Buy, eleven Hold, and two Sell ratings, leading to an average rating of "Hold" and a consensus target price of $288.50.

Travelers Companies (NYSE:TRV - Get Free Report) had its price objective boosted by equities research analysts at Wells Fargo & Company from $275.00 to $291.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the insurance provider's stock. Wells Fargo & Company's target price points to a potential upside of 1.41% from the company's current price.

A number of other research analysts have also issued reports on TRV. Citigroup initiated coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective for the company. Barclays set a $313.00 target price on shares of Travelers Companies in a research report on Wednesday. Evercore ISI reissued an "outperform" rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a "buy (b+)" rating on shares of Travelers Companies in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and a consensus target price of $288.50.

Travelers Companies Price Performance

Shares of TRV stock traded up $1.97 on Wednesday, reaching $286.94. The company had a trading volume of 67,757 shares, compared to its average volume of 1,285,944. The stock has a market capitalization of $64.60 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 3.25 and a beta of 0.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. Travelers Companies has a one year low of $227.02 and a one year high of $287.95. The business's 50-day moving average is $272.67 and its 200 day moving average is $265.84.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion during 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 firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $2.51 EPS. Equities research analysts forecast that Travelers Companies will post 17.02 EPS for the current fiscal year.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares of the company's stock, valued at $4,900,865.92. The trade was a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC lifted its position in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies in the first quarter valued at approximately $26,000. Osterweis Capital Management Inc. raised its holdings in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Missouri Trust & Investment Co raised its holdings 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 acquiring an additional 55 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new position in shares of Travelers Companies during the second quarter valued at approximately $27,000. 82.45% of the stock is 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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