Travelers Companies (NYSE:TRV) Given New $216.00 Price Target at The Goldman Sachs Group

Travelers Companies (NYSE:TRV) had its price objective raised by equities research analysts at The Goldman Sachs Group from $196.00 to $216.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “sell” rating on the insurance provider’s stock. The Goldman Sachs Group’s price target points to a potential downside of 7.38% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Bank of America lifted their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Morgan Stanley reduced their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Finally, Citigroup raised their price target on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $230.89.

Travelers Companies Stock Up 0.7 %

TRV stock opened at $233.20 on Wednesday. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $243.48. The company has a market capitalization of $53.15 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The business’s 50 day moving average price is $226.94 and its two-hundred day moving average price is $218.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. During the same period in the previous year, the company earned $0.06 earnings per share. Travelers Companies’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts forecast that Travelers Companies will post 17.2 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TRV. Vanguard Group Inc. increased its stake in shares of Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after purchasing an additional 148,012 shares in the last quarter. JPMorgan Chase & Co. increased its position in Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after buying an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Travelers Companies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after buying an additional 165,708 shares during the period. Legal & General Group Plc lifted its position in shares of Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after buying an additional 37,029 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after acquiring an additional 196,011 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.