Travelers Companies (NYSE:TRV) Given New $273.00 Price Target at Royal Bank of Canada

Travelers Companies (NYSE:TRV) had its price target raised by research analysts at Royal Bank of Canada from $250.00 to $273.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “sector perform” rating on the insurance provider’s stock. Royal Bank of Canada’s price target suggests a potential upside of 4.17% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Morgan Stanley cut their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Citigroup upped their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Finally, UBS Group upped their target price on shares of Travelers Companies from $238.00 to $244.00 and gave the company a “neutral” rating in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $235.42.

Travelers Companies Stock Down 1.0 %

TRV stock traded down $2.75 during trading hours on Friday, hitting $262.07. The company’s stock had a trading volume of 281,095 shares, compared to its average volume of 1,312,774. The stock has a 50 day moving average price of $230.82 and a two-hundred day moving average price of $219.39. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $269.15. The company has a market capitalization of $59.73 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the previous year, the company earned $1.95 earnings per share. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts expect that Travelers Companies will post 17.09 earnings per share for the current year.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Several large investors have recently made changes to their positions in TRV. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies in the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies during the 1st quarter worth about $35,000. Beacon Capital Management LLC grew its holdings in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Travelers Companies during the 1st quarter worth about $42,000. Institutional investors own 82.45% of the company’s stock.

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.