Travelers Companies (NYSE:TRV) Stock Rating Upgraded by StockNews.com

Travelers Companies (NYSE:TRV) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

TRV has been the subject of a number of other research reports. Wells Fargo & Company reaffirmed an “underweight” rating and set a $217.00 target price (down previously from $256.00) on shares of Travelers Companies in a report on Wednesday, December 11th. Barclays boosted their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research note on Thursday, November 21st. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $251.70.

Travelers Companies Stock Performance

Shares of TRV stock opened at $241.41 on Friday. The firm’s 50 day moving average is $253.13 and its 200 day moving average is $232.38. The stock has a market capitalization of $54.80 billion, a P/E ratio of 12.38, a PEG ratio of 1.17 and a beta of 0.63. Travelers Companies has a 12 month low of $188.47 and a 12 month high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.95 earnings per share. On average, sell-side analysts anticipate that Travelers Companies will post 18.84 earnings per share for the current year.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 over the last three months. Company insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TRV. Arkadios Wealth Advisors bought a new position in Travelers Companies in the 2nd quarter worth $258,000. Rothschild Investment LLC bought a new position in Travelers Companies in the second quarter worth about $732,000. Concurrent Investment Advisors LLC raised its stake in Travelers Companies by 63.4% in the second quarter. Concurrent Investment Advisors LLC now owns 2,717 shares of the insurance provider’s stock worth $553,000 after buying an additional 1,054 shares in the last quarter. Graypoint LLC boosted its position in Travelers Companies by 3.5% during the 2nd quarter. Graypoint LLC now owns 3,048 shares of the insurance provider’s stock valued at $620,000 after acquiring an additional 102 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Travelers Companies by 148.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,321 shares of the insurance provider’s stock worth $471,000 after acquiring an additional 1,388 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.