Travelers Companies (NYSE:TRV) Stock Gets Price Target Bump from Cantor Fitzgerald

Travelers Companies (NYSE:TRV) had its price target lifted by equities research analysts at Cantor Fitzgerald from $377.00 to $378.00 in a report released on Wednesday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the insurance provider’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 2.20% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Bank of America boosted their price target on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research report on Monday, July 20th. BMO Capital Markets cut Travelers Companies from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $314.00 to $379.00 in a research report on Tuesday, July 21st. Barclays lifted their target price on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Finally, UBS Group lifted their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $355.32.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $369.86 on Wednesday. The firm’s fifty day simple moving average is $369.30 and its 200-day simple moving average is $334.18. Travelers Companies has a 12 month low of $252.26 and a 12 month high of $398.70. The stock has a market capitalization of $77.14 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 2.98 and a beta of 0.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the firm posted $6.51 EPS. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. As a group, equities analysts forecast that Travelers Companies will post 33.89 earnings per share for the current year.

Insider Activity at Travelers Companies

In related news, EVP Daniel Yin sold 7,153 shares of Travelers Companies stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel Frey sold 14,037 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. This represents a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,667 shares of company stock worth $21,830,989 in the last three months. 1.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of TRV. HHM Wealth Advisors LLC grew its stake in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Travelers Companies in the first quarter valued at about $26,000. LifeSteps Financial Inc. purchased a new stake in Travelers Companies during the second quarter worth about $26,000. Kilter Group LLC purchased a new stake in Travelers Companies during the second quarter worth about $26,000. Finally, Delos Wealth Advisors LLC acquired a new position in Travelers Companies during the second quarter worth about $30,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies News Roundup

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Raised price target and bullish rating: Cantor Fitzgerald increased its Travelers price target from $377 to $378 and maintained an “overweight” rating, implying further upside based on the referenced share price. Top Wall Street Forecasters Revamp Travelers Expectations Ahead Of Q3 Earnings
• Positive Sentiment: Potential earnings beat: Zacks said Travelers has a strong earnings-surprise history and currently has favorable conditions for exceeding analyst estimates in its upcoming report. The company’s most recent quarter also substantially exceeded consensus EPS expectations, supporting investor optimism. Will Travelers Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Exposure to embedded insurance growth: Travelers was included among insurers positioned to benefit from the expansion of embedded insurance, which integrates coverage into purchases and other customer transactions. This represents a potential long-term distribution and growth opportunity. 5 Insurers to Focus on as Embedded Insurance Gains Momentum
• Neutral Sentiment: Q3 earnings approaching: Travelers is scheduled to release third-quarter results before the market opens on Friday, October 16. Updated analyst forecasts may contribute to trading volatility as investors assess underwriting performance, catastrophe losses, investment income and guidance. Travelers Companies Stock Heads Into October 16 Results
• Negative Sentiment: Mixed analyst sentiment: Mizuho lowered its price target from $348 to $345 and kept a “neutral” rating, while Morgan Stanley maintained a “sell” recommendation. These views suggest some analysts believe the stock’s valuation has limited near-term upside. Morgan Stanley Remains a Sell on Travelers Companies

About Travelers Companies

Travelers Companies, Inc is an insurance provider that offers property and casualty coverage to individuals, businesses and organizations. The company operates through three primary segments: Personal Insurance, Business Insurance, and Bond & Specialty Insurance.

Its products and services include automobile and homeowners insurance, workers’ compensation, commercial property and casualty coverage, general and professional liability insurance, surety and fidelity bonds, and specialized insurance solutions for industries and businesses with complex risks.