Travelers Companies (NYSE:TRV) Coverage Initiated at Truist Financial

Stock analysts at Truist Financial assumed coverage on shares of Travelers Companies (NYSE:TRV) in a research note issued to investors on Friday,Benzinga reports. The firm set a “buy” rating and a $395.00 price target on the insurance provider’s stock. Truist Financial’s price objective indicates a potential upside of 17.25% from the stock’s current price.

TRV has been the subject of several other research reports. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Piper Sandler lifted their price target on Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Wells Fargo & Company lifted their price target on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research report on Thursday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Travelers Companies in a research note on Monday. Finally, UBS Group increased their price objective on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $333.11.

Travelers Companies Trading Down 0.3%

Shares of TRV opened at $336.88 on Friday. The firm’s 50-day moving average price is $309.46 and its 200-day moving average price is $299.48. The firm has a market capitalization of $71.64 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 3.05 and a beta of 0.46. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. Travelers Companies has a 1-year low of $249.19 and a 1-year high of $349.35.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) 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 company had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. Travelers Companies’s revenue was down 1.7% on a year-over-year basis. Sell-side analysts anticipate that Travelers Companies will post 28.02 EPS for the current year.

Insider Buying and Selling

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the transaction, the insider owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,853,239.50. The trade was a 51.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,573 shares of company stock worth $11,504,146 over the last three months. Corporate insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Travelers Companies during the 4th quarter valued at about $723,339,000. State Street Corp raised 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 worth $4,641,093,000 after buying an additional 486,861 shares during the last quarter. AustralianSuper Pty Ltd lifted its stake in shares of Travelers Companies by 102.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after buying an additional 458,746 shares in the last quarter. Amundi lifted its stake in shares of Travelers Companies by 36.6% in the first quarter. Amundi now owns 1,392,468 shares of the insurance provider’s stock worth $406,155,000 after buying an additional 373,061 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of Travelers Companies during the third quarter valued at approximately $99,680,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies News Summary

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

• Positive Sentiment: Keefe, Bruyette & Woods reaffirmed its “market perform” rating on Travelers Companies (TRV) and lifted its price target to $356 from $342, suggesting room above the current share price. Article Title
• Neutral Sentiment: Wells Fargo raised its price target on Travelers Companies (TRV) to $334 from $295 while keeping an “equal weight” rating, which signals improved expectations but not a strongly bullish view. Article Title
• Neutral Sentiment: Mizuho increased its price target on Travelers Companies (TRV) to $324 from $304 and maintained a “neutral” rating, reflecting cautious optimism after recent strength in the shares. Article Title
• Neutral Sentiment: Brokerage coverage continues to show an average “hold” stance on Travelers Companies (TRV), indicating analysts see limited near-term upside or downside from current levels. Article Title
• Neutral Sentiment: The company is expected to report quarterly earnings on Friday, and traders may be waiting for results before making a stronger move in the stock. Article Title

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.