Piper Sandler Lowers Travelers Companies (NYSE:TRV) Price Target to $259.00

Travelers Companies (NYSE:TRV) had its price objective cut by investment analysts at Piper Sandler from $280.00 to $259.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Piper Sandler’s target price would indicate a potential upside of 7.32% from the stock’s current price.

Several other research firms have also issued reports on TRV. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upped their price target on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Barclays raised their price objective on Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Roth Mkm upped their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $253.45.

Travelers Companies Stock Performance

Shares of TRV stock opened at $241.33 on Monday. Travelers Companies has a fifty-two week low of $189.87 and a fifty-two week high of $269.55. The stock’s 50-day moving average is $251.20 and its two-hundred day moving average is $234.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $54.79 billion, a P/E ratio of 12.38, a PEG ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.95 earnings per share. Analysts predict that Travelers Companies will post 18.84 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares of the company’s stock, valued at $4,302,736.96. The trade was a 21.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. 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. 1.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Several large investors have recently modified their holdings of the stock. FMR LLC boosted its stake 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 in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after acquiring an additional 518,075 shares during the period. Bank of Montreal Can lifted its holdings in shares of Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after acquiring an additional 282,884 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Travelers Companies in the 3rd quarter valued at $54,988,000. Finally, Janus Henderson Group PLC increased its position in shares of Travelers Companies by 216.3% during the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after purchasing an additional 232,428 shares in the last quarter. 82.45% of the stock is currently 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.