Travelers Companies (NYSE:TRV) Upgraded at The Goldman Sachs Group

Travelers Companies (NYSE:TRV) was upgraded by analysts at The Goldman Sachs Group from a “sell” rating to a “buy” rating in a report issued on Wednesday, Marketbeat reports. The firm currently has a $278.00 price target on the insurance provider’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 14.46% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Roth Mkm increased their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Bank of America upped their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $217.00 price target (down from $256.00) on shares of Travelers Companies in a report on Wednesday, December 11th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $255.10.

Travelers Companies Stock Up 0.5 %

Shares of NYSE:TRV opened at $242.89 on Wednesday. The business has a fifty day simple moving average of $250.99 and a 200 day simple moving average of $234.44. Travelers Companies has a 12-month low of $189.87 and a 12-month high of $269.55. The firm has a market cap of $55.14 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.17 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.95 earnings per share. Analysts predict that Travelers Companies will post 18.84 earnings per share for the current year.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares in the company, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock worth $20,295,856 in the last 90 days. Insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

A number of large investors have recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new stake in Travelers Companies in the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC raised its position in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the period. True Wealth Design LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at approximately $41,000. Catalyst Capital Advisors LLC bought a new position in Travelers Companies in the 3rd quarter worth approximately $50,000. Finally, Versant Capital Management Inc raised its holdings in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 215 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.