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Travelers Companies (NYSE:TRV) Given New $213.00 Price Target at Wells Fargo & Company

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Travelers Companies (NYSE:TRV - Get Free Report) had its target price dropped by equities research analysts at Wells Fargo & Company from $217.00 to $213.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "underweight" rating on the insurance provider's stock. Wells Fargo & Company's price objective would suggest a potential downside of 10.18% from the company's previous close.

Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods dropped their price target on Travelers Companies from $273.00 to $268.00 and set a "market perform" rating on the stock in a research report on Friday. Roth Mkm upped their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Barclays dropped their target price on Travelers Companies from $295.00 to $278.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. UBS Group lifted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Bank of America increased their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $254.65.

Get Our Latest Report on TRV

Travelers Companies Price Performance

Shares of NYSE:TRV traded up $3.82 during trading on Tuesday, hitting $237.15. 1,550,783 shares of the company were exchanged, compared to its average volume of 1,394,881. Travelers Companies has a 1-year low of $194.54 and a 1-year high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $53.84 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. The business's 50 day moving average is $250.54 and its 200-day moving average is $235.16.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the previous year, the company earned $1.95 EPS. Travelers Companies's quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts forecast that Travelers Companies will post 18.84 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Maria Olivo sold 10,410 shares of the company's 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 owns 111,162 shares in the company, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now owns 250,384 shares of the company's stock, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in shares of Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock worth $32,646,000 after acquiring an additional 38,515 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Travelers Companies in the 2nd quarter worth approximately $9,798,000. Orion Portfolio Solutions LLC boosted its holdings in shares of Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock worth $4,248,000 after buying an additional 4,665 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the third quarter valued at approximately $50,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Travelers Companies during the third quarter valued at approximately $1,219,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Travelers Companies (NYSE:TRV)

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