Barclays Issues Pessimistic Forecast for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV - Get Free Report) had its target price dropped by research analysts at Barclays from $295.00 to $278.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the insurance provider's stock. Barclays's price objective would suggest a potential upside of 14.99% from the stock's current price.

Several other brokerages also recently issued reports on TRV. Jefferies Financial Group boosted their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Janney Montgomery Scott lowered Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price target for the company. in a research report on Thursday, November 21st. BMO Capital Markets raised their price target on Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Finally, Roth Mkm raised their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $253.45.

Travelers Companies Stock Performance

NYSE TRV traded down $0.52 during trading hours on Monday, reaching $241.77. The company's stock had a trading volume of 1,442,692 shares, compared to its average volume of 1,068,231. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $251.35 and a 200 day simple moving average of $234.10. Travelers Companies has a 52 week low of $189.87 and a 52 week high of $269.55. The stock has a market cap of $54.89 billion, a PE ratio of 12.40, a PEG ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. The firm 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%. The firm's revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.95 EPS. Equities research analysts predict that Travelers Companies will post 18.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the firm's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,149 shares of company stock valued at $20,295,856. Company insiders own 1.33% of the company's stock.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently modified their holdings of TRV. Foundations Investment Advisors LLC acquired a new position in Travelers Companies in the 2nd quarter worth about $224,000. Victory Capital Management Inc. raised its position in Travelers Companies by 34.0% during the second quarter. Victory Capital Management Inc. now owns 113,208 shares of the insurance provider's stock valued at $23,020,000 after acquiring an additional 28,735 shares in the last quarter. New York Life Investment Management LLC lifted its stake in Travelers Companies by 1.3% in the second quarter. New York Life Investment Management LLC now owns 34,915 shares of the insurance provider's stock valued at $7,100,000 after acquiring an additional 448 shares during the last quarter. Candriam S.C.A. grew its position in Travelers Companies by 11.7% in the second quarter. Candriam S.C.A. now owns 25,904 shares of the insurance provider's stock worth $5,267,000 after acquiring an additional 2,705 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of Travelers Companies by 5.3% during the 2nd quarter. Ballentine Partners LLC now owns 4,576 shares of the insurance provider's stock worth $930,000 after purchasing an additional 230 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

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.