StockNews.com Upgrades Travelers Companies (NYSE:TRV) to “Buy”

Travelers Companies (NYSE:TRV) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other equities research analysts have also recently weighed in on the stock. UBS Group boosted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group boosted their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group raised their price target on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday, October 22nd. Roth Mkm boosted their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada increased their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $251.70.

Travelers Companies Trading Down 1.0 %

NYSE:TRV opened at $241.41 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a 1 year low of $188.47 and a 1 year high of $269.55. The stock has a market cap of $54.80 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.17 and a beta of 0.63. The stock has a 50-day simple moving average of $253.13 and a 200-day simple moving average of $232.71.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 earnings per share. As a group, analysts anticipate that Travelers Companies will post 18.84 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. The trade was a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 over the last three months. 1.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelers Companies

Several large investors have recently modified their holdings of the business. Arkadios Wealth Advisors acquired a new stake in shares of Travelers Companies during the 2nd quarter worth about $258,000. Rothschild Investment LLC acquired a new stake in shares of Travelers Companies during the second quarter worth $732,000. Concurrent Investment Advisors LLC grew its position in shares of Travelers Companies by 63.4% in the second quarter. Concurrent Investment Advisors LLC now owns 2,717 shares of the insurance provider’s stock valued at $553,000 after purchasing an additional 1,054 shares during the period. Graypoint LLC lifted its position in Travelers Companies by 3.5% during the second quarter. Graypoint LLC now owns 3,048 shares of the insurance provider’s stock worth $620,000 after buying an additional 102 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Travelers Companies by 148.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,321 shares of the insurance provider’s stock worth $471,000 after buying an additional 1,388 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

About Travelers Companies

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.