Travelers Companies (NYSE:TRV) Coverage Initiated by Analysts at Brean Capital

Stock analysts at Brean Capital started coverage on shares of Travelers Companies (NYSE:TRV) in a research note issued to investors on Thursday. The brokerage set a “neutral” rating on the insurance provider’s stock.

TRV has been the topic of a number of other research reports. Cantor Fitzgerald raised their price objective on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Mizuho reduced their target price on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Argus raised shares of Travelers Companies to a “strong-buy” rating in a research note on Monday, January 26th. Jefferies Financial Group upgraded shares of Travelers Companies to a “hold” rating in a research report on Tuesday, January 6th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $304.33.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $2.79 during mid-day trading on Thursday, reaching $302.19. 1,432,283 shares of the stock traded hands, compared to its average volume of 1,698,291. The business has a 50-day moving average of $291.44 and a 200 day moving average of $283.92. Travelers Companies has a fifty-two week low of $230.43 and a fifty-two week high of $313.12. The stock has a market capitalization of $65.35 billion, a PE ratio of 10.98, a PEG ratio of 2.82 and a beta of 0.49. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. During the same period in the previous year, the company posted $9.15 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies declared that its board has approved a stock repurchase program on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the insurance provider to buy up to 8.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $10,131,092.84. The trade was a 22.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Olivo sold 10,400 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $300.75, for a total transaction of $3,127,800.00. Following the completion of the transaction, the executive vice president owned 117,596 shares in the company, valued at $35,366,997. The trade was a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 92,845 shares of company stock worth $27,239,631. Company insiders own 1.46% of the company’s stock.

Institutional Trading of Travelers Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nalls Sherbakoff Group LLC acquired a new position in Travelers Companies in the fourth quarter valued at approximately $35,000. Larry Mathis Financial Planning LLC purchased a new position in Travelers Companies in the fourth quarter worth approximately $330,000. Advisortrust Partners LLC acquired a new stake in Travelers Companies during the fourth quarter worth $363,000. Union Savings Bank purchased a new stake in Travelers Companies in the fourth quarter valued at $1,000,000. Finally, Hsbc Holdings PLC raised its position in Travelers Companies by 9.3% in the fourth quarter. Hsbc Holdings PLC now owns 865,178 shares of the insurance provider’s stock valued at $251,117,000 after purchasing an additional 73,650 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.