Travelers Companies (NYSE:TRV)‘s stock had its “buy” rating reiterated by research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Wednesday. They currently have a $152.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 12.29% from the stock’s current price.
TRV has been the topic of several other reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $135.00 price target on shares of Travelers Companies in a research report on Monday, August 21st. Citigroup dropped their target price on Travelers Companies from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, October 2nd. Credit Suisse Group dropped their target price on Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 12th. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, ValuEngine upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $131.71.
Shares of Travelers Companies (NYSE TRV) traded up $0.04 on Wednesday, reaching $135.36. The company’s stock had a trading volume of 1,044,778 shares, compared to its average volume of 1,498,635. The firm has a market cap of $37,321.17, a P/E ratio of 16.65, a P/E/G ratio of 2.69 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41. Travelers Companies has a 12 month low of $113.76 and a 12 month high of $137.95.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $2.10 by ($1.19). The company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.46 billion. Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. Travelers Companies’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.40 earnings per share. analysts predict that Travelers Companies will post 6.76 earnings per share for the current fiscal year.
Travelers Companies declared that its Board of Directors has authorized a share buyback plan on Monday, September 11th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
In related news, EVP Maria Olivo sold 33,225 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total value of $4,458,130.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Andy F. Bessette sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total transaction of $265,960.00. Following the completion of the transaction, the executive vice president now directly owns 8,000 shares in the company, valued at $1,063,840. The disclosure for this sale can be found here. Insiders sold a total of 55,302 shares of company stock worth $7,347,753 over the last ninety days. 0.82% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Bremer Trust National Association lifted its stake in Travelers Companies by 1.5% in the 2nd quarter. Bremer Trust National Association now owns 4,741 shares of the insurance provider’s stock worth $600,000 after purchasing an additional 72 shares in the last quarter. Burns J W & Co. Inc. NY lifted its stake in Travelers Companies by 2.4% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 3,417 shares of the insurance provider’s stock worth $432,000 after purchasing an additional 80 shares in the last quarter. Capital One National Association lifted its stake in Travelers Companies by 5.3% in the 2nd quarter. Capital One National Association now owns 71,342 shares of the insurance provider’s stock worth $9,027,000 after purchasing an additional 3,602 shares in the last quarter. Dynamic Advisors Solutions LLC lifted its stake in Travelers Companies by 14.5% in the 2nd quarter. Dynamic Advisors Solutions LLC now owns 3,310 shares of the insurance provider’s stock worth $419,000 after purchasing an additional 420 shares in the last quarter. Finally, Atria Investments LLC lifted its stake in Travelers Companies by 2.9% in the 2nd quarter. Atria Investments LLC now owns 22,690 shares of the insurance provider’s stock worth $2,871,000 after purchasing an additional 630 shares in the last quarter. 78.52% of the stock is currently owned by hedge funds and other institutional investors.
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About Travelers Companies
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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