Travelers Companies (NYSE:TRV) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Travelers Companies (NYSE:TRV) had its price target boosted by equities research analysts at Cantor Fitzgerald from $378.00 to $397.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Cantor Fitzgerald‘s price objective would indicate a potential downside of 0.33% from the stock’s current price.

Several other research firms have also weighed in on TRV. Mizuho lifted their price target on Travelers Companies from $345.00 to $371.00 and gave the company a “neutral” rating in a research report on Tuesday, October 20th. Raymond James Financial set a $430.00 price objective on Travelers Companies in a research report on Monday, July 20th. UBS Group restated a “neutral” rating on shares of Travelers Companies in a report on Monday, October 19th. JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $352.00 to $379.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. Finally, The Goldman Sachs Group cut shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. in a research report on Monday, July 20th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $366.37.

Travelers Companies Stock Performance

Shares of TRV stock opened at $398.33 on Monday. The firm has a market capitalization of $81.64 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.78 and a beta of 0.43. The stock has a fifty day moving average of $371.39 and a 200 day moving average of $341.46. Travelers Companies has a 52 week low of $264.25 and a 52 week high of $407.86. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The business had revenue of $12.41 billion for the quarter, compared to the consensus estimate of $11.36 billion. During the same period in the previous year, the firm earned $8.14 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts expect that Travelers Companies will post 35.96 earnings per share for the current year.

Insider Buying and Selling

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 9,016 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $405.57, for a total transaction of $3,656,619.12. Following the completion of the sale, the executive vice president directly owned 6,075 shares in the company, valued at approximately $2,463,837.75. This trade represents a 59.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 15,100 shares of Travelers Companies stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $398.44, for a total transaction of $6,016,444.00. Following the completion of the transaction, the executive vice president directly owned 103,642 shares of the company’s stock, valued at $41,295,118.48. This trade represents a 12.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 166,287 shares of company stock worth $66,182,760 over the last quarter. 1.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently made changes to their positions in TRV. Leo Wealth LLC purchased a new position in Travelers Companies in the 3rd quarter worth approximately $771,000. Apollon Wealth Management LLC increased its holdings in shares of Travelers Companies by 7.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 5,999 shares of the insurance provider’s stock worth $2,139,000 after purchasing an additional 437 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of Travelers Companies by 1.0% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 3,772 shares of the insurance provider’s stock worth $1,345,000 after purchasing an additional 36 shares in the last quarter. Randolph Co Inc purchased a new position in shares of Travelers Companies in the third quarter worth $536,000. Finally, Trueblood Wealth Management LLC lifted its holdings in shares of Travelers Companies by 39.7% during the third quarter. Trueblood Wealth Management LLC now owns 2,121 shares of the insurance provider’s stock valued at $756,000 after purchasing an additional 603 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

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.