Keefe, Bruyette & Woods Upgrades Travelers Companies (NYSE:TRV) to “Outperform”

Travelers Companies (NYSE:TRV) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday,Finviz reports. The brokerage presently has a $286.00 target price on the insurance provider’s stock, up from their prior target price of $275.00. Keefe, Bruyette & Woods’ target price suggests a potential upside of 20.26% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company raised their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a report on Thursday, November 21st. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Tuesday, December 10th. Finally, Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $261.05.

Travelers Companies Price Performance

Shares of TRV stock opened at $237.82 on Wednesday. Travelers Companies has a 1-year low of $200.21 and a 1-year high of $269.55. The stock’s 50-day moving average is $242.28 and its 200 day moving average is $241.29. The company has a market cap of $53.92 billion, a P/E ratio of 11.08, a PEG ratio of 1.14 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $7.01 earnings per share. Research analysts predict that Travelers Companies will post 18.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred 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 approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.33% of the stock is owned by company insiders.

Institutional Trading of Travelers Companies

Several large investors have recently added to or reduced their stakes in TRV. Allspring Global Investments Holdings LLC grew its holdings in Travelers Companies by 36.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider’s stock valued at $3,894,000 after buying an additional 4,474 shares in the last quarter. Ledyard National Bank grew its holdings in Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after buying an additional 39 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in Travelers Companies by 87.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,065 shares of the insurance provider’s stock valued at $484,000 after buying an additional 962 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Travelers Companies by 43.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,341 shares of the insurance provider’s stock valued at $2,421,000 after buying an additional 3,122 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Travelers Companies in the 3rd quarter valued at $629,000. 82.45% of the stock is currently owned by hedge funds and other 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.