Travelers Companies (NYSE:TRV) Price Target Raised to $270.00 at Jefferies Financial Group

Travelers Companies (NYSE:TRV) had its target price hoisted by research analysts at Jefferies Financial Group from $265.00 to $270.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the insurance provider’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 10.49% from the company’s previous close.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday. Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Wells Fargo & Company raised Travelers Companies from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $225.00 to $247.00 in a research note on Wednesday. Finally, StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $263.74.

Travelers Companies Price Performance

Shares of NYSE TRV traded down $0.79 during mid-day trading on Friday, hitting $244.38. 520,401 shares of the stock were exchanged, compared to its average volume of 1,300,107. The company has a market cap of $55.41 billion, a P/E ratio of 11.38, a PEG ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a twelve month low of $200.21 and a twelve month high of $269.56. The stock’s fifty day simple moving average is $251.58 and its two-hundred day simple moving average is $248.78.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the business posted $7.01 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts forecast that Travelers Companies will post 17.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Travelers Companies

Several large investors have recently modified their holdings of TRV. Putney Financial Group LLC bought a new position in Travelers Companies in the 4th quarter valued at about $26,000. Ameriflex Group Inc. bought a new position in shares of Travelers Companies during the fourth quarter worth approximately $26,000. YANKCOM Partnership bought a new position in shares of Travelers Companies during the fourth quarter worth approximately $27,000. Kapitalo Investimentos Ltda acquired a new stake in Travelers Companies during the 4th quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Travelers Companies in the 4th quarter valued at $33,000. 82.45% of the stock is owned by 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.