Travelers Companies (NYSE:TRV) Raised to Buy at HSBC

Travelers Companies (NYSE:TRV) was upgraded by investment analysts at HSBC from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat reports. The firm presently has a $290.00 price objective on the insurance provider’s stock. HSBC’s price target would indicate a potential upside of 15.10% from the stock’s previous close.

Several other research analysts have also weighed in on TRV. UBS Group upped their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Barclays boosted their target price on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research report on Thursday, November 21st. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $253.65.

Travelers Companies Stock Down 3.5 %

TRV stock opened at $251.96 on Tuesday. The stock has a market capitalization of $57.20 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63. The company has a fifty day moving average of $252.16 and a 200-day moving average of $229.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a one year low of $180.44 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.95 EPS. As a group, analysts expect that Travelers Companies will post 18.83 EPS for the current year.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently modified their holdings of TRV. FMR LLC increased its holdings in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after buying an additional 678,241 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Travelers Companies by 23,378.8% during the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after buying an additional 518,075 shares during the period. Bank of Montreal Can lifted its position in Travelers Companies by 66.9% during the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after acquiring an additional 282,884 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Travelers Companies in the 3rd quarter worth approximately $54,988,000. 82.45% of the stock is owned by institutional investors and hedge funds.

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.