Barclays Cuts Travelers Companies (NYSE:TRV) Price Target to $278.00

Travelers Companies (NYSE:TRV) had its price target reduced by stock analysts at Barclays from $295.00 to $278.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Barclays‘s target price would suggest a potential upside of 14.18% from the company’s current price.

Several other equities research analysts also recently commented on TRV. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, December 28th. The Goldman Sachs Group increased their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research report on Tuesday, October 22nd. Roth Mkm raised their price target on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company reissued an “underweight” rating and set a $217.00 price objective (down from $256.00) on shares of Travelers Companies in a research note on Wednesday, December 11th. Finally, Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $253.45.

Travelers Companies Price Performance

Shares of TRV stock traded up $1.18 on Monday, reaching $243.47. The company’s stock had a trading volume of 527,897 shares, compared to its average volume of 748,470. The company has a market capitalization of $55.27 billion, a P/E ratio of 12.49, a PEG ratio of 1.17 and a beta of 0.65. 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 stock’s 50 day simple moving average is $251.56 and its 200-day simple moving average is $233.89. Travelers Companies has a 12-month low of $189.87 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating 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 quarter in the prior year, the firm posted $1.95 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts predict that Travelers Companies will post 18.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, 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. Insiders have sold 78,149 shares of company stock valued at $20,295,856 in the last 90 days. 1.33% of the stock is currently owned by company insiders.

Institutional Trading of Travelers Companies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. increased its position in shares of Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after purchasing an additional 38,515 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Travelers Companies during the second quarter worth $9,798,000. Orion Portfolio Solutions LLC lifted its stake in Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after acquiring an additional 4,665 shares during the last quarter. LPL Financial LLC grew its position in shares of Travelers Companies by 7.4% in the 2nd quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider’s stock valued at $36,099,000 after acquiring an additional 12,190 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies during the 3rd quarter worth about $50,000. Institutional investors 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.