Piper Sandler Lowers Travelers Companies (NYSE:TRV) Price Target to $259.00

Travelers Companies (NYSE:TRV) had its target price decreased by equities researchers at Piper Sandler from $280.00 to $259.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. Piper Sandler’s price objective points to a potential upside of 5.56% from the stock’s current price.

TRV has been the subject of a number of other research reports. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $217.00 price objective (down previously from $256.00) on shares of Travelers Companies in a research report on Wednesday, December 11th. Jefferies Financial Group raised their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada increased their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Finally, UBS Group boosted their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $254.30.

Travelers Companies Stock Up 1.3 %

NYSE:TRV traded up $3.06 during trading hours on Monday, hitting $245.35. 342,240 shares of the company traded hands, compared to its average volume of 684,892. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a market cap of $55.70 billion, a PE ratio of 12.58, a PEG ratio of 1.17 and a beta of 0.65. The firm’s 50-day simple moving average is $251.56 and its 200-day simple moving average is $233.89. Travelers Companies has a one year low of $189.87 and a one year high of $269.55.

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, beating analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $1.95 earnings per share. Equities analysts predict that Travelers Companies will post 18.84 earnings per share for the current year.

Insider Transactions at Travelers Companies

In related 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 transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock valued at $20,295,856 in the last quarter. 1.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TRV. Y.D. More Investments Ltd purchased a new position in Travelers Companies in the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC lifted its position 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 purchasing an additional 45 shares during the period. True Wealth Design LLC bought a new stake in Travelers Companies in the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC purchased a new stake in Travelers Companies during the 3rd quarter valued at $50,000. Finally, Versant Capital Management Inc grew its holdings 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. Hedge funds and other 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.