Travelers Companies (NYSE: TRV – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.
Several other research firms have also weighed in on TRV. Citigroup began coverage on shares of Travelers Companies in a research note on Monday, May 23rd. They issued a “neutral” rating and a $ 179.00 price objective for the company. Raymond James upgraded shares of Travelers Companies from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 20th. Morgan Stanley decreased their price target on shares of Travelers Companies from $ 184.00 to $ 181.00 and set an “equal weight” rating for the company in a research note on Monday, May 23rd. MKM Partners boosted their price target on shares of Travelers Companies from $ 200.00 to $ 215.00 and gave the company a “buy” rating in a research note on Wednesday, April 6th. Finally, The Goldman Sachs Group lowered shares of Travelers Companies from a “neutral” rating to a “sell” rating and decreased their price target for the company from $ 190.00 to $ 170.00 in a research note on Friday, June 3rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $ 176.85.
Travelers Companies stock traded down $ 0.63 during mid-day trading on Friday, hitting $ 169.00. 689,848 shares of the stock were exchanged, compared to its average volume of 1,415,054. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. Travelers Companies has a 12 month low of $ 145.40 and a 12 month high of $ 187.98. The firm’s fifty-day simple moving average is $ 170.86 and its two-hundred day simple moving average is $ 171.59. The stock has a market capitalization of $ 40.55 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 3.65 and a beta of 0.69.
Travelers Companies (NYSE: TRV – Get Rating) last released its quarterly earnings data on Tuesday, April 19th. The insurance provider reported $ 4.22 earnings per share for the quarter, beating the consensus estimate of $ 3.70 by $ 0.52. The company had revenue of $ 8.81 billion during the quarter, compared to analyst estimates of $ 8.03 billion. Travelers Companies had a net margin of 11.18% and a return on equity of 13.78%. Travelers Companies ’revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $ 2.73 EPS. As a group, analysts forecast that Travelers Companies will post 13.5 earnings per share for the current fiscal year.
In related news, Vice Chairman William H. Heyman sold 5,500 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $ 176.68, for a total value of $ 971,740.00. Following the transaction, the insider now directly owns 251,605 shares of the company’s stock, valued at approximately $ 44,453,571.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,013 shares of the business’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $ 179.19, for a total transaction of $ 539,899.47. Following the completion of the transaction, the insider now directly owns 251,605 shares in the company, valued at $ 45,085,099.95. The disclosure for this sale can be found here. Insiders have sold a total of 47,894 shares of company stock worth $ 8,451,233 over the last ninety days. Insiders own 1.07% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Travelers Companies in the 4th quarter valued at about $ 224,986,000. JPMorgan Chase & Co. raised its stake in Travelers Companies by 14.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,603,296 shares of the insurance provider’s stock valued at $ 658,429,000 after acquiring an additional 460,615 shares during the period. Eaton Vance Management bought a new stake in Travelers Companies in the 4th quarter valued at about $ 64,576,000. Goldman Sachs Group Inc. raised its stake in Travelers Companies by 56.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,135,421 shares of the insurance provider’s stock valued at $ 177,614,000 after acquiring an additional 408,488 shares during the period. Finally, Marshall Wace LLP bought a new stake in Travelers Companies in the 4th quarter valued at about $ 41,080,000. 83.20% of the stock is currently owned by institutional investors.
About Travelers Companies (Get Rating)
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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