Travelers Companies (NYSE:TRV) Given New $225.00 Price Target at Royal Bank of Canada

Travelers Companies (NYSE:TRV) had its price target decreased by investment analysts at Royal Bank of Canada from $230.00 to $225.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the insurance provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 7.91% from the company’s previous close.

TRV has been the subject of several other research reports. Citigroup increased their target price on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group increased their target price on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Raymond James raised their price target on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. TD Cowen assumed coverage on Travelers Companies in a report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price target for the company. Finally, Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $218.39.

Travelers Companies Stock Performance

TRV traded up $1.93 during midday trading on Thursday, reaching $208.51. The company had a trading volume of 853,396 shares, compared to its average volume of 1,484,412. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $221.87 and a two-hundred day moving average of $196.17. The company has a market cap of $47.78 billion, a P/E ratio of 16.32, a P/E/G ratio of 1.17 and a beta of 0.58. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $232.75.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the prior year, the business posted $4.11 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, equities research analysts predict that Travelers Companies will post 17.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the sale, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the transaction, the insider now directly owns 255,178 shares in the company, valued at approximately $54,291,671.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the transaction, the executive vice president now owns 14,080 shares in the company, valued at $2,966,374.40. The disclosure for this sale can be found here. Insiders sold a total of 109,775 shares of company stock valued at $23,343,903 in the last ninety days. Corporate insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Quarterback LLC grew its stake in Travelers Companies by 1.1% during the 4th quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock worth $825,000 after buying an additional 49 shares during the last quarter. Kapitalo Investimentos Ltda grew its stake in Travelers Companies by 24.1% during the 4th quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after buying an additional 49 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Travelers Companies by 9.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after buying an additional 50 shares during the last quarter. Norwood Financial Corp grew its stake in Travelers Companies by 16.1% during the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock worth $83,000 after buying an additional 50 shares during the last quarter. Finally, Grimes & Company Inc. grew its stake in Travelers Companies by 2.2% during the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after buying an additional 53 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other 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.