Travelers Companies (NYSE:TRV) Price Target Raised to $334.00 at Wells Fargo & Company

Travelers Companies (NYSE:TRV) had its price objective increased by stock analysts at Wells Fargo & Company from $295.00 to $334.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 0.73% from the company’s previous close.

TRV has been the topic of a number of other research reports. Evercore reiterated an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Morgan Stanley upped their price objective on Travelers Companies from $310.00 to $330.00 and gave the company an “equal weight” rating in a research report on Monday. Roth Capital reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. BMO Capital Markets increased their price objective on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $328.76.

Travelers Companies Price Performance

Shares of NYSE TRV traded down $1.49 on Thursday, hitting $336.45. The company’s stock had a trading volume of 611,488 shares, compared to its average volume of 1,636,328. Travelers Companies has a 12-month low of $249.19 and a 12-month high of $349.35. The company has a market capitalization of $71.55 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 3.10 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a 50 day moving average of $308.91 and a 200-day moving average of $299.17.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period last year, the company posted $1.91 EPS. The company’s revenue was down 1.7% on a year-over-year basis. As a group, research analysts predict that Travelers Companies will post 28.02 EPS for the current year.

Insider Activity at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 6,414 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the transaction, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,853,239.50. This represents a 51.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the transaction, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 37,573 shares of company stock worth $11,504,146. Company insiders own 1.39% of the company’s stock.

Institutional Trading of Travelers Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock worth $6,413,207,000 after acquiring an additional 110,311 shares during the period. State Street Corp grew its holdings in Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after purchasing an additional 486,861 shares during the period. Morgan Stanley grew its holdings in Travelers Companies by 2.3% in the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after purchasing an additional 85,298 shares during the period. Dimensional Fund Advisors LP increased its position in Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after purchasing an additional 123,564 shares during the last quarter. Finally, Norges Bank purchased a new position in Travelers Companies during the fourth quarter worth approximately $723,339,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.