Travelers Companies (NYSE:TRV) Upgraded by StockNews.com to Buy Rating

Travelers Companies (NYSE:TRV) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other research analysts also recently issued research reports about the company. UBS Group lifted their price target on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lifted their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research report on Tuesday, October 22nd. Bank of America increased their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Tuesday. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $253.65.

Travelers Companies Price Performance

Shares of NYSE TRV traded down $3.18 during midday trading on Tuesday, hitting $247.68. The company had a trading volume of 2,138,284 shares, compared to its average volume of 1,306,484. 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 business has a 50-day simple moving average of $252.16 and a two-hundred day simple moving average of $229.59. Travelers Companies has a twelve month low of $180.44 and a twelve month high of $269.55. The firm has a market capitalization of $56.23 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63.

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

Insider Transactions at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the 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 completion of the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by company insiders.

Institutional Trading of Travelers Companies

Several large investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after purchasing an additional 38,515 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Travelers Companies by 42.7% during the third quarter. Tidal Investments LLC now owns 7,430 shares of the insurance provider’s stock valued at $1,740,000 after acquiring an additional 2,225 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Travelers Companies during the third quarter worth about $2,174,000. Arvest Bank Trust Division acquired a new position in shares of Travelers Companies in the third quarter worth about $16,344,000. Finally, World Investment Advisors LLC purchased a new position in Travelers Companies in the third quarter valued at about $501,000. 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.