Wells Fargo & Company Cuts Travelers Companies (NYSE:TRV) Price Target to $213.00

Travelers Companies (NYSE:TRV) had its price objective decreased by Wells Fargo & Company from $217.00 to $213.00 in a research note published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the insurance provider’s stock.

Several other brokerages have also recently weighed in on TRV. Piper Sandler decreased their price target on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Bank of America increased their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a report on Thursday, November 21st. Keefe, Bruyette & Woods reduced their price objective on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. Finally, Barclays lowered their target price on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $254.65.

Travelers Companies Trading Up 1.1 %

Shares of NYSE TRV opened at $242.54 on Tuesday. The firm has a 50 day moving average price of $250.11 and a two-hundred day moving average price of $235.43. The stock has a market cap of $55.06 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65. Travelers Companies has a 52-week low of $195.57 and a 52-week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

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, beating analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 earnings per share. As a group, equities analysts forecast that Travelers Companies will post 18.94 EPS for the current year.

Insider Buying and Selling

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction 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 $57,726,870.88. This trade represents a 15.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The shares were 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 of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % 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 quarter. Insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ledyard National Bank increased its stake in shares of Travelers Companies by 1.9% during the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after purchasing an additional 39 shares during the last quarter. Trueblood Wealth Management LLC increased its position in Travelers Companies by 2.3% in the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after buying an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. raised its stake in shares of Travelers Companies by 2.9% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after buying an additional 42 shares during the period. Salem Investment Counselors Inc. raised its stake in shares of Travelers Companies by 5.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after buying an additional 44 shares during the period. Finally, Willner & Heller LLC lifted its position in shares of Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after buying an additional 45 shares during the last quarter. 82.45% of the stock is currently 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.