Travelers Companies (NYSE:TRV) Given "Underweight" Rating at Wells Fargo & Company

Travelers Companies (NYSE:TRV - Get Free Report)'s stock had its "underweight" rating reaffirmed by Wells Fargo & Company in a note issued to investors on Wednesday, Marketbeat reports. They presently have a $217.00 price target on the insurance provider's stock, down from their prior price target of $256.00. Wells Fargo & Company's price objective points to a potential downside of 11.49% from the stock's previous close.

TRV has been the subject of several other research reports. UBS Group raised their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. BMO Capital Markets boosted their target price on Travelers Companies from $233.00 to $270.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Barclays upped their price target on Travelers Companies from $286.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Jefferies Financial Group lifted their price objective on Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, HSBC upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a research note on Tuesday. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $251.70.

Travelers Companies Trading Down 1.0 %

TRV traded down $2.49 during mid-day trading on Wednesday, hitting $245.17. 2,035,458 shares of the stock were exchanged, compared to its average volume of 1,309,098. The firm's fifty day moving average is $252.41 and its two-hundred day moving average is $229.83. Travelers Companies has a 1-year low of $181.03 and a 1-year high of $269.55. The company has a market cap of $55.66 billion, a PE ratio of 12.50, a PEG ratio of 1.19 and a beta of 0.63. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business's quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 earnings per share. Equities analysts forecast that Travelers Companies will post 18.83 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the business's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. The trade was a 15.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the sale, the insider now directly owns 250,384 shares of the company's stock, valued at $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently owned by company insiders.

Institutional Trading of Travelers Companies

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock valued at $32,646,000 after purchasing an additional 38,515 shares during the period. Tidal Investments LLC raised its stake in shares of Travelers Companies by 42.7% during the 3rd quarter. Tidal Investments LLC now owns 7,430 shares of the insurance provider's stock worth $1,740,000 after buying an additional 2,225 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Travelers Companies in the 3rd quarter valued at approximately $2,174,000. Arvest Bank Trust Division purchased a new stake in shares of Travelers Companies in the third quarter valued at approximately $16,344,000. Finally, World Investment Advisors LLC acquired a new position in Travelers Companies during the third quarter worth $501,000. 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.