Wells Fargo & Company Cuts Travelers Companies (NYSE:TRV) Price Target to $213.00

Travelers Companies (NYSE:TRV) had its price objective lowered by Wells Fargo & Company from $217.00 to $213.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 11.30% from the stock’s current price.

A number of other research analysts have also recently weighed in on TRV. Keefe, Bruyette & Woods lowered their price objective on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Piper Sandler dropped their price target on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada raised their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Barclays dropped their target price on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Roth Mkm raised their price target on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $254.65.

Travelers Companies Trading Up 1.4 %

Shares of Travelers Companies stock opened at $240.14 on Tuesday. Travelers Companies has a 1-year low of $194.54 and a 1-year high of $269.55. The company’s fifty day simple moving average is $250.38 and its 200-day simple moving average is $235.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $54.52 billion, a PE ratio of 12.31, a P/E/G ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share 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 the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 earnings per share. As a group, equities analysts anticipate 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 company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 over the last 90 days. Company insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently bought and sold shares of TRV. Wolff Wiese Magana LLC lifted its holdings in shares of Travelers Companies by 39.1% during the 3rd 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 position in Travelers Companies during the 3rd quarter valued at about $41,000. Catalyst Capital Advisors LLC purchased a new stake in Travelers Companies in the third quarter valued at about $50,000. Versant Capital Management Inc boosted its holdings in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its stake in shares of Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after acquiring an additional 50 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.