Travelers Companies (NYSE:TRV) Given a $269.00 Price Target by Morgan Stanley Analysts

Travelers Companies (NYSE:TRV) has been assigned a $269.00 price objective by stock analysts at Morgan Stanley in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s price target would suggest a potential downside of 0.68% from the company’s previous close.

TRV has been the topic of a number of other research reports. Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Evercore ISI lifted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research report on Thursday, April 17th. Barclays cut their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a report on Tuesday, April 8th. Finally, BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $270.42.

Travelers Companies Trading Down 0.1%

Shares of Travelers Companies stock opened at $270.84 on Monday. The stock has a market capitalization of $61.36 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a 50-day simple moving average of $259.76 and a 200 day simple moving average of $252.82. Travelers Companies has a 12-month low of $200.21 and a 12-month high of $275.03.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the prior year, the firm earned $4.69 EPS. Research analysts expect that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TRV. Cornerstone Planning Group LLC lifted its stake in shares of Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after buying an additional 84 shares during the last quarter. Putney Financial Group LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at approximately $26,000. Ameriflex Group Inc. acquired a new position in shares of Travelers Companies in the 4th quarter valued at approximately $26,000. Greykasell Wealth Strategies Inc. bought a new stake in shares of Travelers Companies during the 1st quarter valued at approximately $26,000. Finally, YANKCOM Partnership bought a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $27,000. Institutional investors own 82.45% of the company’s stock.

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.