Wells Fargo & Company Issues Positive Forecast for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV) had its target price boosted by stock analysts at Wells Fargo & Company from $213.00 to $225.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 6.75% from the stock’s current price.

Other research analysts also recently issued reports about the company. Roth Mkm upped 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. Barclays lowered their target price on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. BMO Capital Markets lifted 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. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Finally, StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $260.11.

Travelers Companies Stock Performance

Shares of TRV stock opened at $241.29 on Thursday. The firm has a 50 day moving average of $248.31 and a 200-day moving average of $236.80. The company has a market cap of $54.78 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. Travelers Companies has a 52 week low of $200.21 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10,795,375 billion. During the same period last year, the company posted $7.01 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts forecast that Travelers Companies will post 20.33 earnings per share for the current year.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,670 shares of company stock worth $4,861,329. 1.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently added to or reduced their stakes in TRV. Financial Life Planners bought a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $82,000. Catalina Capital Group LLC raised its holdings in Travelers Companies by 6.1% during the 4th quarter. Catalina Capital Group LLC now owns 1,686 shares of the insurance provider’s stock valued at $406,000 after acquiring an additional 97 shares during the period. Stock Yards Bank & Trust Co. raised its holdings in Travelers Companies by 2.5% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 4,259 shares of the insurance provider’s stock valued at $1,026,000 after acquiring an additional 105 shares during the period. CENTRAL TRUST Co lifted its position in shares of Travelers Companies by 6.0% during the fourth quarter. CENTRAL TRUST Co now owns 3,847 shares of the insurance provider’s stock worth $927,000 after acquiring an additional 219 shares in the last quarter. Finally, Greenleaf Trust boosted its holdings in shares of Travelers Companies by 1.8% in the fourth quarter. Greenleaf Trust now owns 10,497 shares of the insurance provider’s stock worth $2,529,000 after acquiring an additional 183 shares during the period. 82.45% of the stock is owned by hedge funds and other 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.