Travelers Companies (NYSE:TRV) Upgraded at Zacks Research

Travelers Companies (NYSE:TRV) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts have also issued reports on the stock. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. Barclays set a $313.00 price objective on Travelers Companies in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $291.31.

Travelers Companies Stock Up 0.2%

Shares of NYSE:TRV opened at $269.05 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $60.01 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51. The firm’s 50-day moving average is $274.04 and its two-hundred day moving average is $266.77. Travelers Companies has a 1 year low of $230.23 and a 1 year high of $287.95.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The company had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.24 earnings per share. Analysts predict that Travelers Companies will post 17.02 EPS for the current year.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC boosted its holdings in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Barnes Dennig Private Wealth Management LLC boosted its holdings in Travelers Companies by 134.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Osterweis Capital Management Inc. boosted its holdings in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies in the first quarter valued at approximately $26,000. Finally, Missouri Trust & Investment Co boosted its holdings in Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

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.