Travelers Companies (NYSE:TRV) Price Target Raised to $290.00 at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV - Get Free Report) had its price objective lifted by stock analysts at Keefe, Bruyette & Woods from $274.00 to $290.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 12.34% from the stock's current price.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group lifted their price objective on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. BMO Capital Markets boosted their target price on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Finally, StockNews.com downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $267.32.

Travelers Companies Price Performance

TRV stock traded up $8.55 during mid-day trading on Thursday, hitting $258.14. 472,223 shares of the stock were exchanged, compared to its average volume of 1,285,665. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $58.53 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 4.65 and a beta of 0.48. The business has a fifty day moving average price of $252.61 and a 200 day moving average price of $249.67. Travelers Companies has a 12 month low of $200.21 and a 12 month high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same period last year, the business earned $4.69 earnings per share. On average, sell-side analysts anticipate that Travelers Companies will post 17.02 EPS for the current year.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. purchased a new stake in Travelers Companies during the fourth quarter valued at $26,000. Putney Financial Group LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth approximately $26,000. YANKCOM Partnership bought a new stake in Travelers Companies during the fourth quarter valued at approximately $27,000. Kapitalo Investimentos Ltda bought a new position in Travelers Companies in the fourth quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC purchased a new position in shares of Travelers Companies during the 4th quarter worth $33,000. 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.