Travelers Companies (NYSE:TRV) Price Target Raised to $340.00 at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) had its price objective lifted by stock analysts at Keefe, Bruyette & Woods from $320.00 to $340.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 13.97% from the company’s previous close.

Several other research firms have also commented on TRV. The Goldman Sachs Group lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 target price on the stock. in a report on Wednesday, January 7th. Mizuho decreased their price objective on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. JPMorgan Chase & Co. boosted their target price on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, January 7th. UBS Group restated a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Finally, Morgan Stanley boosted their price objective on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $304.33.

Travelers Companies Trading Down 0.3%

Shares of TRV stock opened at $298.34 on Thursday. The stock has a market capitalization of $64.51 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 2.79 and a beta of 0.51. The company’s fifty day simple moving average is $287.01 and its two-hundred day simple moving average is $279.95. Travelers Companies has a 1 year low of $230.43 and a 1 year high of $304.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data 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. The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.15 EPS. As a group, analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current year.

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

Insider Transactions at Travelers Companies

In other news, EVP Maria Olivo sold 10,400 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the sale, the executive vice president directly owned 117,596 shares of the company’s stock, valued at $35,366,997. This represents a 8.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey P. Klenk sold 16,712 shares of Travelers Companies stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This trade represents a 73.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 101,765 shares of company stock worth $29,877,543. 1.46% of the stock is owned by company insiders.

Institutional Trading of Travelers Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies in the 4th quarter worth approximately $26,000. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Osterweis Capital Management Inc. raised its stake in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Travelers Companies during the fourth quarter valued at $28,000. Finally, Delos Wealth Advisors LLC purchased a new stake in shares of Travelers Companies during the second quarter valued at $27,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Company Profile

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.