Travelers Companies (NYSE:TRV) Rating Increased to Buy at StockNews.com

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

Several other equities research analysts have also recently commented on the stock. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research report on Wednesday. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Piper Sandler cut their price objective on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a report on Monday. Finally, Roth Mkm raised their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $255.10.

Travelers Companies Stock Up 0.5 %

TRV stock opened at $242.89 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $55.14 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.17 and a beta of 0.65. Travelers Companies has a fifty-two week low of $189.87 and a fifty-two week high of $269.55. The business has a 50-day moving average of $251.06 and a 200-day moving average of $234.38.

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

Insider Buying and Selling at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $5,840,163.66. This represents a 30.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock valued at $20,295,856 in the last three months. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWA Asset Management Group LLC grew its stake in shares of Travelers Companies by 25.2% in the fourth quarter. CWA Asset Management Group LLC now owns 2,367 shares of the insurance provider’s stock worth $570,000 after purchasing an additional 476 shares during the last quarter. Pensionfund Sabic lifted its holdings in Travelers Companies by 21.1% during the 4th quarter. Pensionfund Sabic now owns 6,900 shares of the insurance provider’s stock worth $1,662,000 after buying an additional 1,200 shares during the period. Nordea Investment Management AB grew its position in shares of Travelers Companies by 15.6% in the 4th quarter. Nordea Investment Management AB now owns 645,650 shares of the insurance provider’s stock valued at $155,008,000 after buying an additional 86,928 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Travelers Companies by 12.7% during the fourth quarter. GAMMA Investing LLC now owns 7,055 shares of the insurance provider’s stock worth $1,699,000 after acquiring an additional 797 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the period. 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.