Travelers Companies (NYSE:TRV) Stock Price Expected to Rise, Truist Financial Analyst Says

Travelers Companies (NYSE:TRV) had its target price upped by research analysts at Truist Financial from $425.00 to $435.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the insurance provider’s stock. Truist Financial’s price target points to a potential upside of 12.23% from the stock’s previous close.

Several other research firms also recently weighed in on TRV. Raymond James Financial set a $430.00 price target on Travelers Companies in a research note on Monday, July 20th. Morgan Stanley lifted their price objective on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group downgraded Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price on the stock. in a report on Monday, July 20th. Piper Sandler increased their target price on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, Mizuho cut their target price on Travelers Companies from $348.00 to $345.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $357.79.

Travelers Companies Price Performance

TRV opened at $387.59 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The company has a market cap of $80.84 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 3.01 and a beta of 0.43. The stock has a fifty day simple moving average of $368.98 and a two-hundred day simple moving average of $337.82. Travelers Companies has a 12-month low of $262.89 and a 12-month high of $398.70.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share for the quarter, beating analysts’ consensus estimates of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The business had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $11.36 billion. During the same quarter last year, the firm earned $8.14 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts predict that Travelers Companies will post 34.25 earnings per share for the current fiscal year.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the sale, the executive vice president owned 9,213 shares of the company’s stock, valued at $3,393,884.94. This trade represents a 63.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel Yin sold 7,153 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the transaction, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 58,667 shares of company stock valued at $21,830,989. 1.39% of the stock is currently owned by insiders.

Institutional Trading of Travelers Companies

Institutional investors have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC boosted its position in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after buying an additional 51 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Travelers Companies in the 1st quarter worth about $26,000. LifeSteps Financial Inc. purchased a new position in Travelers Companies in the 2nd quarter worth about $26,000. Kilter Group LLC purchased a new position in Travelers Companies in the 2nd quarter worth about $26,000. Finally, Delos Wealth Advisors LLC purchased a new position in Travelers Companies in the 2nd quarter worth about $30,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

About Travelers Companies

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.