Travelers Companies (NYSE:TRV) Price Target Raised to $435.00

Travelers Companies (NYSE:TRV) had its price target boosted by analysts at Truist Financial from $425.00 to $435.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. Truist Financial’s target price points to a potential upside of 12.23% from the company’s previous close.

A number of other equities research analysts have also commented on TRV. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Roth Capital lifted their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price on the stock. in a report on Monday, July 13th. Piper Sandler increased their price target on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Bank of America boosted their price objective on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $357.79.

Travelers Companies Price Performance

Shares of TRV opened at $387.59 on Monday. Travelers Companies has a 1 year low of $262.89 and a 1 year high of $398.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $80.84 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 3.01 and a beta of 0.43. The business has a 50-day moving average of $368.98 and a 200-day moving average of $337.82.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, beating the consensus estimate of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The business had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $11.36 billion. During the same period in the prior year, the business posted $8.14 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that Travelers Companies will post 34.25 earnings per share for the current year.

Insider Activity

In other news, EVP Michael Klein sold 6,000 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel Yin sold 7,153 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 58,667 shares of company stock valued at $21,830,989. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Travelers Companies in the second quarter worth about $6,915,909,000. Dimensional Fund Advisors LP boosted its position in Travelers Companies by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after acquiring an additional 123,564 shares in the last quarter. Bank of America Corp DE bought a new stake in Travelers Companies during the 2nd quarter valued at approximately $932,142,000. GQG Partners LLC purchased a new position in shares of Travelers Companies during the 2nd quarter worth approximately $789,024,000. Finally, First Trust Advisors LP grew its holdings in shares of Travelers Companies by 7.2% during the 1st quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider’s stock worth $497,431,000 after acquiring an additional 115,276 shares during the period. Institutional investors own 82.45% of the company’s stock.

About Travelers Companies

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.