Travelers Companies (NYSE:TRV) Price Target Cut to $278.00 by Analysts at Barclays

Travelers Companies (NYSE:TRV) had its target price reduced by research analysts at Barclays from $295.00 to $278.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Barclays‘s price target indicates a potential upside of 14.18% from the stock’s current price.

Several other analysts have also weighed in on TRV. UBS Group raised their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada boosted their price target on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. BMO Capital Markets boosted their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a report on Tuesday, October 22nd. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $253.45.

Travelers Companies Stock Performance

Shares of NYSE TRV traded up $1.18 during mid-day trading on Monday, reaching $243.47. 527,897 shares of the company were exchanged, compared to its average volume of 748,470. The stock has a market capitalization of $55.27 billion, a P/E ratio of 12.49, a P/E/G ratio of 1.17 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company’s 50-day simple moving average is $251.56 and its 200-day simple moving average is $233.89. Travelers Companies has a twelve month low of $189.87 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last released 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 business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.95 earnings per share. As a group, research analysts predict that Travelers Companies will post 18.84 earnings per share for the current year.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares in the company, valued at approximately $446,671.75. This represents a 69.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. Company insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Large investors have recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $25,000. Wolff Wiese Magana LLC grew its holdings in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies during the 3rd quarter valued at approximately $50,000. Finally, Versant Capital Management Inc grew its stake in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.