Travelers Companies (NYSE:TRV) Rating Increased to Outperform at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday,Finviz reports. The brokerage currently has a $286.00 target price on the insurance provider’s stock, up from their prior target price of $275.00. Keefe, Bruyette & Woods’ price target indicates a potential upside of 20.26% from the company’s current price.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Barclays boosted their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. UBS Group boosted their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Price Performance

NYSE TRV opened at $237.82 on Wednesday. Travelers Companies has a 52 week low of $200.21 and a 52 week high of $269.55. The firm has a market capitalization of $53.92 billion, a P/E ratio of 11.08, a PEG ratio of 1.14 and a beta of 0.64. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $242.28 and a 200-day moving average price of $241.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the firm earned $7.01 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that Travelers Companies will post 18.78 earnings per share for the current year.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in TRV. Allspring Global Investments Holdings LLC grew its position in shares of Travelers Companies by 36.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider’s stock worth $3,894,000 after buying an additional 4,474 shares in the last quarter. Ledyard National Bank grew its position in shares of Travelers Companies by 1.9% during the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after buying an additional 39 shares in the last quarter. Foundations Investment Advisors LLC grew its position in shares of Travelers Companies by 87.2% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,065 shares of the insurance provider’s stock worth $484,000 after buying an additional 962 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Travelers Companies by 43.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,341 shares of the insurance provider’s stock worth $2,421,000 after buying an additional 3,122 shares in the last quarter. Finally, Eastern Bank bought a new stake in Travelers Companies during the third quarter valued at about $629,000. 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.