Travelers Companies (NYSE:TRV) Stock Rating Upgraded by The Goldman Sachs Group

Travelers Companies (NYSE:TRV - Get Free Report) was upgraded by stock analysts at The Goldman Sachs Group from a "sell" rating to a "buy" rating in a report released on Wednesday, Marketbeat reports. The firm presently has a $278.00 target price on the insurance provider's stock. The Goldman Sachs Group's price target suggests a potential upside of 14.46% from the stock's previous close.

A number of other equities research analysts also recently issued reports on TRV. Piper Sandler lowered their price target on shares of Travelers Companies from $280.00 to $259.00 and set a "neutral" rating on the stock in a report on Monday. Jefferies Financial Group increased their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Janney Montgomery Scott lowered shares of 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. Hsbc Global Res raised shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company restated an "underweight" rating and issued a $217.00 target price (down from $256.00) on shares of Travelers Companies in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $255.10.

Travelers Companies Stock Performance

Shares of TRV stock traded up $1.21 during trading on Wednesday, reaching $242.89. 1,373,267 shares of the company's stock traded hands, compared to its average volume of 1,203,719. The firm's 50-day moving average is $251.06 and its 200 day moving average is $234.38. The company has a market capitalization of $55.14 billion, a P/E ratio of 12.46, a PEG ratio of 1.17 and a beta of 0.65. Travelers Companies has a 1 year low of $189.87 and a 1 year high of $269.55. 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 posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the company earned $1.95 earnings per share. The business's revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts expect that Travelers Companies will post 18.84 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company's stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,149 shares of company stock worth $20,295,856. Company insiders own 1.33% of the company's stock.

Institutional Investors Weigh In On Travelers Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in Travelers Companies by 34.0% in the 2nd 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 during the last quarter. PFG Investments LLC lifted its position in shares of Travelers Companies by 56.5% in the second quarter. PFG Investments LLC now owns 3,577 shares of the insurance provider's stock worth $727,000 after buying an additional 1,291 shares in the last quarter. Choreo LLC boosted its stake in Travelers Companies by 126.2% during the second quarter. Choreo LLC now owns 15,199 shares of the insurance provider's stock valued at $3,085,000 after buying an additional 8,479 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in Travelers Companies by 6.8% during the 2nd quarter. Royal London Asset Management Ltd. now owns 133,749 shares of the insurance provider's stock valued at $27,197,000 after buying an additional 8,547 shares in the last quarter. Finally, Andra AP fonden purchased a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $2,623,000. 82.45% of the stock is owned by 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.