Barclays Lowers Travelers Companies (NYSE:TRV) Price Target to $278.00

Travelers Companies (NYSE:TRV) had its target price dropped by equities researchers at Barclays from $295.00 to $278.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Barclays‘s target price indicates a potential upside of 15.19% from the company’s previous close.

TRV has been the subject of several other research reports. Roth Mkm boosted their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. BMO Capital Markets upped their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company restated an “underweight” rating and set a $217.00 price objective (down previously from $256.00) on shares of Travelers Companies in a research report on Wednesday, December 11th. Finally, Bank of America lifted their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $253.45.

Travelers Companies Price Performance

TRV opened at $241.33 on Monday. Travelers Companies has a 1 year low of $189.87 and a 1 year high of $269.55. The stock has a 50-day moving average price of $251.20 and a 200-day moving average price of $234.32. The firm has a market cap of $54.79 billion, a PE ratio of 12.38, a P/E/G ratio of 1.17 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued 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 net margin of 10.02% and a return on equity of 17.69%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Sell-side analysts predict that Travelers Companies will post 18.84 earnings per share for the current fiscal year.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock worth $20,295,856 in the last three months. Company insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

A number of institutional investors and hedge funds have recently bought and sold shares of TRV. Y.D. More Investments Ltd purchased a new position in shares of Travelers Companies during the second quarter valued at about $25,000. Wolff Wiese Magana LLC boosted its stake in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC purchased a new position in Travelers Companies during the 3rd quarter valued at approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the 3rd quarter worth approximately $50,000. Finally, Versant Capital Management Inc raised its holdings in shares of Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares in the last quarter. 82.45% of the stock is currently owned by 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.