Evercore ISI Trims Travelers Companies (NYSE:TRV) Target Price to $250.00

Travelers Companies (NYSE:TRV) had its price target reduced by investment analysts at Evercore ISI from $253.00 to $250.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Evercore ISI’s target price would indicate a potential upside of 19.10% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. The Goldman Sachs Group lifted their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Citigroup lifted their target price on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research note on Tuesday. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. Finally, UBS Group lifted their price target on shares of Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $217.56.

Travelers Companies Stock Up 1.6 %

Shares of TRV traded up $3.33 on Thursday, hitting $209.91. 693,286 shares of the stock traded hands, compared to its average volume of 1,482,515. The company has a market capitalization of $48.10 billion, a PE ratio of 16.44, a P/E/G ratio of 1.17 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The business has a 50 day simple moving average of $221.87 and a 200 day simple moving average of $196.17. Travelers Companies has a one year low of $157.33 and a one year high of $232.75.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. Travelers Companies’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the business earned $4.11 EPS. As a group, equities analysts forecast that Travelers Companies will post 17.64 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In related news, SVP Paul E. Munson sold 2,121 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total transaction of $451,476.06. Following the transaction, the senior vice president now directly owns 719 shares in the company, valued at approximately $153,046.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the sale, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the sale, the senior vice president now directly owns 719 shares of the company’s stock, valued at $153,046.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,775 shares of company stock worth $23,343,903. Insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Large investors have recently added to or reduced their stakes in the stock. Mn Services Vermogensbeheer B.V. boosted its position in Travelers Companies by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock valued at $18,217,000 after buying an additional 1,600 shares during the period. Dynamic Advisor Solutions LLC lifted its position in shares of Travelers Companies by 124.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after purchasing an additional 7,649 shares during the period. Worth Asset Management LLC purchased a new stake in shares of Travelers Companies in the 4th quarter worth approximately $2,201,000. Nordea Investment Management AB lifted its position in shares of Travelers Companies by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after purchasing an additional 16,580 shares during the period. Finally, DNB Asset Management AS lifted its position in shares of Travelers Companies by 53.5% in the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock worth $13,240,000 after purchasing an additional 24,230 shares during the period. 82.45% 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.