Keefe, Bruyette & Woods Lowers Travelers Companies (NYSE:TRV) Price Target to $268.00

Travelers Companies (NYSE:TRV - Get Free Report) had its price objective reduced by equities researchers at Keefe, Bruyette & Woods from $273.00 to $268.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "market perform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' target price points to a potential upside of 15.25% from the company's current price.

A number of other brokerages also recently issued reports on TRV. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a report on Wednesday. Jefferies Financial Group increased their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Hsbc Global Res upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Piper Sandler reduced their price objective on shares of Travelers Companies from $280.00 to $259.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Barclays reduced their price objective on shares of Travelers Companies from $295.00 to $278.00 and set an "overweight" rating for the company in a research report on Monday. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and an average target price of $254.85.

Travelers Companies Stock Performance

Shares of TRV stock traded down $10.24 during trading hours on Friday, hitting $232.53. The company's stock had a trading volume of 1,818,403 shares, compared to its average volume of 1,309,512. The company has a 50 day moving average of $250.73 and a 200 day moving average of $234.59. The stock has a market cap of $52.79 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. 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 has a 12-month low of $191.88 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the prior year, the firm posted $1.95 earnings per share. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that Travelers Companies will post 18.84 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Diane Kurtzman sold 3,941 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares of the company's stock, valued at approximately $446,671.75. This trade represents a 69.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,149 shares of company stock worth $20,295,856. Insiders own 1.33% of the company's stock.

Institutional Trading of Travelers Companies

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock worth $3,644,532,000 after purchasing an additional 120,228 shares in the last quarter. FMR LLC grew its position in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after buying an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC grew its position in Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock valued at $1,187,865,000 after buying an additional 114,714 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Travelers Companies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider's stock worth $619,241,000 after purchasing an additional 165,708 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider's stock worth $474,774,000 after purchasing an additional 37,029 shares in the last quarter. 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.