Travelers Companies (NYSE:TRV) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a $145.00 price target on the insurance provider’s stock, up from their previous price target of $135.00. Barclays‘s price target would indicate a potential upside of 21.29% from the company’s current price.

Several other research firms also recently issued reports on TRV. Citigroup downgraded Travelers Companies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $149.00 to $134.00 in a report on Friday, October 19th. Morgan Stanley cut their price objective on Travelers Companies from $126.00 to $119.00 and set an “underweight” rating on the stock in a report on Thursday, January 3rd. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Royal Bank of Canada downgraded Travelers Companies from an “outperform” rating to a “sector perform” rating and set a $133.00 price objective on the stock. in a report on Tuesday, December 11th. Finally, Credit Suisse Group set a $141.00 price objective on Travelers Companies and gave the stock a “hold” rating in a report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $135.08.

NYSE TRV traded down $0.72 on Wednesday, reaching $119.55. The company’s stock had a trading volume of 9,943 shares, compared to its average volume of 1,661,095. Travelers Companies has a twelve month low of $111.08 and a twelve month high of $150.55. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $31.44 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.82 and a beta of 1.14.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.28. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. The company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the prior year, the company earned $0.91 EPS. Travelers Companies’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts predict that Travelers Companies will post 9.3 earnings per share for the current year.

In other Travelers Companies news, EVP Andy F. Bessette sold 1,666 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $126.17, for a total transaction of $210,199.22. Following the completion of the sale, the executive vice president now owns 8,457 shares of the company’s stock, valued at $1,067,019.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. grew its stake in shares of Travelers Companies by 3,351.0% in the third quarter. Victory Capital Management Inc. now owns 1,153,158 shares of the insurance provider’s stock worth $149,576,000 after acquiring an additional 1,119,743 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Travelers Companies by 106.7% in the third quarter. Bank of Montreal Can now owns 1,024,894 shares of the insurance provider’s stock worth $132,939,000 after acquiring an additional 529,067 shares during the last quarter. Millennium Management LLC grew its stake in shares of Travelers Companies by 655.9% in the second quarter. Millennium Management LLC now owns 600,893 shares of the insurance provider’s stock worth $73,513,000 after acquiring an additional 521,397 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of Travelers Companies by 81.5% in the third quarter. Federated Investors Inc. PA now owns 1,118,357 shares of the insurance provider’s stock worth $145,062,000 after acquiring an additional 502,287 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of Travelers Companies by 489.9% in the second quarter. Bank of Nova Scotia now owns 385,534 shares of the insurance provider’s stock worth $47,166,000 after acquiring an additional 320,180 shares during the last quarter. 79.46% of the stock is owned by hedge funds and other institutional investors.

About Travelers Companies

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.

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Analyst Recommendations for Travelers Companies (NYSE:TRV)

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