Travelers Companies (NYSE:TRV) Upgraded by StockNews.com to Buy Rating

Travelers Companies (NYSE:TRV) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Several other research firms have also recently weighed in on TRV. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Barclays cut their price target on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Bank of America boosted their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. UBS Group increased their price objective on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $254.85.

Travelers Companies Stock Down 4.2 %

Shares of TRV opened at $232.53 on Thursday. Travelers Companies has a 52 week low of $191.88 and a 52 week high of $269.55. The stock has a fifty day moving average of $250.73 and a 200-day moving average of $234.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $52.79 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.17 and a beta of 0.65.

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

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,149 shares of company stock valued at $20,295,856. Insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently modified their holdings of TRV. Harbor Capital Advisors Inc. increased its holdings in shares of Travelers Companies by 1.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,428 shares of the insurance provider’s stock valued at $1,308,000 after buying an additional 60 shares in the last quarter. ORG Wealth Partners LLC grew its stake in shares of Travelers Companies by 16.4% in the 4th quarter. ORG Wealth Partners LLC now owns 340 shares of the insurance provider’s stock valued at $82,000 after buying an additional 48 shares in the last quarter. ST Germain D J Co. Inc. increased its stake in shares of Travelers Companies by 20.0% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,393 shares of the insurance provider’s stock worth $336,000 after purchasing an additional 232 shares during the last quarter. ORG Partners LLC lifted its position in shares of Travelers Companies by 119.8% in the fourth quarter. ORG Partners LLC now owns 842 shares of the insurance provider’s stock worth $203,000 after buying an additional 459 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its stake in shares of Travelers Companies by 9.4% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 4,097 shares of the insurance provider’s stock worth $987,000 after acquiring an additional 351 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

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.