Keefe, Bruyette & Woods Lowers Travelers Companies (NYSE:TRV) Price Target to $274.00

Travelers Companies (NYSE:TRV) had its target price dropped by equities research analysts at Keefe, Bruyette & Woods from $286.00 to $274.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 11.86% from the stock’s current price.

A number of other analysts also recently commented on the company. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research note on Wednesday, January 8th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a report on Tuesday. Wells Fargo & Company upgraded shares of Travelers Companies from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $225.00 to $247.00 in a research note on Wednesday. Finally, Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $261.89.

Travelers Companies Stock Performance

TRV opened at $244.94 on Wednesday. The firm has a 50 day moving average of $251.58 and a two-hundred day moving average of $248.78. The firm has a market capitalization of $55.53 billion, a PE ratio of 11.41, a P/E/G ratio of 4.65 and a beta of 0.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. Travelers Companies has a 12-month low of $200.21 and a 12-month high of $269.56.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter last year, the company posted $7.01 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, analysts anticipate that Travelers Companies will post 17.02 EPS for the current year.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds have recently modified their holdings of the business. Zacks Investment Management purchased a new position in Travelers Companies in the 3rd quarter worth approximately $221,000. MML Investors Services LLC lifted its position in Travelers Companies by 1.2% during the third quarter. MML Investors Services LLC now owns 20,565 shares of the insurance provider’s stock worth $4,815,000 after buying an additional 237 shares in the last quarter. Continuum Advisory LLC boosted its stake in Travelers Companies by 1,122.2% during the third quarter. Continuum Advisory LLC now owns 330 shares of the insurance provider’s stock worth $85,000 after buying an additional 303 shares during the last quarter. Geode Capital Management LLC grew its holdings in Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after buying an additional 114,714 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in shares of Travelers Companies by 14.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,032 shares of the insurance provider’s stock worth $1,191,000 after acquiring an additional 630 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.