Travelers Companies (NYSE:TRV)‘s stock had its “hold” rating reissued by stock analysts at Barclays in a report released on Sunday, February 18th. They presently have a $140.00 target price on the insurance provider’s stock, up from their previous target price of $135.00. Barclays’ target price suggests a potential upside of 0.34% from the stock’s current price.
A number of other research firms also recently weighed in on TRV. Argus lifted their price target on shares of Travelers Companies from $139.00 to $145.00 and gave the company a “positive” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. UBS Group lifted their price target on shares of Travelers Companies from $131.00 to $139.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. B. Riley reiterated a “neutral” rating on shares of Travelers Companies in a research report on Monday, November 6th. Finally, Wells Fargo & Co set a $125.00 price objective on shares of Travelers Companies and gave the company a “hold” rating in a research note on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $137.20.
Shares of Travelers Companies (NYSE TRV) traded down $1.17 during mid-day trading on Friday, reaching $139.52. 1,285,083 shares of the company’s stock traded hands, compared to its average volume of 2,006,637. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $38,000.00, a P/E ratio of 17.93, a PEG ratio of 1.89 and a beta of 1.29. Travelers Companies has a 1 year low of $113.76 and a 1 year high of $150.55.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.56 by ($0.28). The company had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned $3.20 earnings per share. research analysts forecast that Travelers Companies will post 10.59 earnings per share for the current fiscal year.
In other Travelers Companies news, COO Brian W. Maclean sold 88,607 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $149.29, for a total transaction of $13,228,139.03. Following the sale, the chief operating officer now owns 211,293 shares of the company’s stock, valued at $31,543,931.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Jay S. Benet sold 4,437 shares of the business’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $140.13, for a total transaction of $621,756.81. Following the sale, the insider now directly owns 89,737 shares in the company, valued at approximately $12,574,845.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 182,727 shares of company stock worth $26,828,165. Insiders own 0.82% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TRV. Dimensional Fund Advisors LP lifted its position in Travelers Companies by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,935,859 shares of the insurance provider’s stock worth $359,710,000 after acquiring an additional 46,276 shares during the last quarter. Geode Capital Management LLC grew its holdings in Travelers Companies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,792,540 shares of the insurance provider’s stock worth $377,953,000 after acquiring an additional 32,430 shares during the last quarter. APG Asset Management N.V. grew its holdings in Travelers Companies by 12.5% in the 3rd quarter. APG Asset Management N.V. now owns 2,735,245 shares of the insurance provider’s stock worth $335,122,000 after acquiring an additional 304,900 shares during the last quarter. Legal & General Group Plc grew its holdings in Travelers Companies by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 1,656,665 shares of the insurance provider’s stock worth $202,985,000 after acquiring an additional 44,566 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Travelers Companies by 2.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,561,234 shares of the insurance provider’s stock worth $191,282,000 after acquiring an additional 36,402 shares during the last quarter. 80.15% of the stock is currently owned by hedge funds and other institutional investors.
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Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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