Travelers Companies (NYSE:TRV) PT Raised to $270.00 at UBS Group

Travelers Companies (NYSE:TRV) had its price target upped by stock analysts at UBS Group from $244.00 to $270.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. UBS Group’s price target would indicate a potential upside of 4.35% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Piper Sandler lowered their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and lowered their target price for the company from $252.00 to $230.00 in a report on Monday, July 15th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $246.26.

Travelers Companies Stock Performance

Travelers Companies stock traded down $0.95 during midday trading on Tuesday, hitting $258.75. 263,802 shares of the company’s stock were exchanged, compared to its average volume of 1,313,647. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.34. The stock has a market cap of $58.98 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. The firm’s 50 day simple moving average is $232.88 and its 200 day simple moving average is $219.74.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the firm posted $1.95 EPS. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts predict that Travelers Companies will post 17.45 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Travelers Companies

Institutional investors have recently modified their holdings of the company. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies in the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC raised its position in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC raised its position in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. Finally, Tributary Capital Management LLC acquired a new position in shares of Travelers Companies in the first quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.