Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Travelers Companies (NYSE:TRV) Stock

Travelers Companies (NYSE:TRV) had its price target raised by equities researchers at Keefe, Bruyette & Woods from $274.00 to $290.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 14.49% from the stock’s previous close.

TRV has been the topic of several other reports. Jefferies Financial Group upped their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. UBS Group cut their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Finally, Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $264.21.

Travelers Companies Trading Up 1.5 %

Shares of TRV opened at $253.30 on Thursday. The firm’s 50-day moving average is $251.88 and its two-hundred day moving average is $249.07. Travelers Companies has a twelve month low of $200.21 and a twelve month high of $269.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $57.43 billion, a P/E ratio of 11.80, a PEG ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the previous year, the firm earned $4.69 EPS. On average, research analysts predict that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Travelers Companies

Large investors have recently made changes to their positions in the business. Ameriflex Group Inc. acquired a new stake in shares of Travelers Companies during the 4th quarter valued at $26,000. Putney Financial Group LLC purchased a new position in Travelers Companies in the 4th quarter worth about $26,000. YANKCOM Partnership acquired a new stake in Travelers Companies during the 4th quarter worth about $27,000. Kapitalo Investimentos Ltda purchased a new stake in Travelers Companies during the fourth quarter valued at about $30,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in Travelers Companies during the fourth quarter valued at about $33,000. Institutional investors own 82.45% of the company’s stock.

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.