Travelers Companies (NYSE:TRV) Given Market Perform Rating at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday,Benzinga reports. They presently have a $356.00 price objective on the insurance provider’s stock, up from their previous price objective of $342.00. Keefe, Bruyette & Woods’ target price suggests a potential upside of 3.58% from the stock’s current price.

A number of other brokerages have also commented on TRV. Brean Capital initiated coverage on shares of Travelers Companies in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. Roth Capital reiterated a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Barclays downgraded shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $331.00 to $295.00 in a research note on Friday, June 12th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $319.76.

Travelers Companies Stock Up 1.3%

Shares of Travelers Companies stock opened at $343.69 on Wednesday. The business’s 50 day simple moving average is $308.23 and its 200 day simple moving average is $298.86. Travelers Companies has a 52-week low of $249.19 and a 52-week high of $349.35. The firm has a market cap of $73.09 billion, a PE ratio of 10.23, a P/E/G ratio of 3.06 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The firm had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.91 EPS. On average, analysts predict that Travelers Companies will post 28.02 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at approximately $1,607,678.10. The trade was a 35.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Avrohom J. Kess sold 6,735 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the transaction, the insider owned 48,737 shares in the company, valued at approximately $15,049,010.86. This trade represents a 12.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently made changes to their positions in TRV. HHM Wealth Advisors LLC boosted its stake in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC bought a new position in Travelers Companies during the 1st quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies during the fourth quarter worth $26,000. Osterweis Capital Management Inc. lifted its holdings in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Travelers Companies in the fourth quarter valued at about $28,000. Institutional investors 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.