Travelers Companies (NYSE:TRV) Price Target Raised to $382.00

Travelers Companies (NYSE:TRV) had its price target increased by equities researchers at Keefe, Bruyette & Woods from $372.00 to $382.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential downside of 0.75% from the stock’s current price.

TRV has been the subject of a number of other research reports. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a research note on Monday, July 20th. HSBC increased their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Morgan Stanley raised their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Piper Sandler lifted their target price on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Barclays lifted their target price on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $361.05.

Travelers Companies Stock Down 1.2%

Shares of Travelers Companies stock opened at $384.87 on Tuesday. Travelers Companies has a 12-month low of $262.89 and a 12-month high of $398.70. The company has a market cap of $80.27 billion, a P/E ratio of 10.23, a PEG ratio of 3.01 and a beta of 0.43. The company’s fifty day simple moving average is $369.16 and its two-hundred day simple moving average is $338.47. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, beating analysts’ consensus estimates of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The company had revenue of $12.41 billion during the quarter, compared to analysts’ expectations of $11.36 billion. During the same quarter last year, the business posted $8.14 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Research analysts anticipate that Travelers Companies will post 34.25 EPS for the current year.

Insider Activity

In related news, EVP Maria Olivo sold 6,000 shares of Travelers Companies stock in a transaction on Friday, August 28th. The shares were sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the transaction, the executive vice president owned 118,742 shares in the company, valued at approximately $43,917,916.12. The trade was a 4.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Yin sold 7,153 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,317 shares of company stock valued at $8,456,081 over the last 90 days. Company insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Berman McAleer LLC increased its position in shares of Travelers Companies by 3.5% in the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after acquiring an additional 30 shares in the last quarter. Willner & Heller LLC raised its stake in shares of Travelers Companies by 2.7% in the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after acquiring an additional 32 shares during the period. Spinnaker Trust lifted its holdings in shares of Travelers Companies by 1.7% during the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after acquiring an additional 33 shares in the last quarter. Avalon Trust Co lifted its holdings in shares of Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after acquiring an additional 35 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its position in Travelers Companies by 2.1% during the 1st quarter. Wesbanco Bank Inc. now owns 1,780 shares of the insurance provider’s stock worth $519,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies News Roundup

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Travelers exceeded third-quarter expectations with $9.18 in earnings per share versus the $7.39 consensus and revenue of $12.41 billion versus estimates of $11.36 billion. Analysts cited strong underwriting performance and the company’s expanding use of artificial intelligence, prompting several firms to raise their price targets. These Analysts Increase Their Forecasts On Travelers Following Upbeat Q3 Results
• Positive Sentiment: Truist raised its Travelers price target from $425 to $435 and maintained a “buy” rating, implying additional upside from the current level. Truist Raises Travelers Price Target
• Positive Sentiment: Management highlighted strong underwriting profitability, rising investment income and disciplined pricing, supporting confidence in sustaining attractive returns through 2027. The company also returned $1.77 billion to shareholders, reinforcing its capital-return appeal. TRV Q3 Earnings Call Highlights Travelers Lifts Earnings and Returns $1.77 Billion
• Neutral Sentiment: Travelers was included in a roundup of travel-related stocks to follow, though the item provided no company-specific catalyst. Best Travel Stocks To Follow Now
• Negative Sentiment: Bank of America warned that Travelers may be “overearning,” pointing to declining policies, slowing underwriting profits and a relatively rich valuation. This raises questions about the durability of the recent earnings strength. Travelers Companies Is Likely Overearning
• Negative Sentiment: Wells Fargo raised its target from $341 to $377 but kept an “equal weight” rating; the new target remains below the current share price, signaling limited near-term upside. Wells Fargo Raises Travelers Price Target

Travelers Companies Company Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.