Travelers Companies (NYSE:TRV) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Travelers Companies (NYSE:TRV) had its target price lifted by analysts at Keefe, Bruyette & Woods from $274.00 to $290.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 14.49% from the company’s previous close.

A number of other analysts have also recently commented on TRV. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. BMO Capital Markets upped their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a report on Tuesday, April 8th. Finally, Wells Fargo & Company raised Travelers Companies from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $225.00 to $247.00 in a report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $264.21.

Travelers Companies Stock Up 1.5 %

Shares of NYSE TRV opened at $253.30 on Thursday. The stock has a market capitalization of $57.43 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 4.65 and a beta of 0.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $251.88 and its 200-day moving average price is $249.07. Travelers Companies has a 12-month low of $200.21 and a 12-month high of $269.56.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the prior year, the business posted $4.69 earnings per share. On average, equities research analysts anticipate that Travelers Companies will post 17.02 EPS for the current fiscal year.

Institutional Trading of Travelers Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock worth $5,207,499,000 after buying an additional 117,108 shares during the period. FMR LLC boosted its stake in Travelers Companies by 1.6% during the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider’s stock worth $3,439,392,000 after purchasing an additional 229,160 shares during the period. Geode Capital Management LLC grew its position in Travelers Companies by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider’s stock worth $1,269,321,000 after purchasing an additional 182,270 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Travelers Companies by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider’s stock valued at $903,937,000 after purchasing an additional 70,036 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock valued at $844,854,000 after buying an additional 2,466,098 shares during the last quarter. Institutional investors and hedge funds 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.