Wells Fargo & Company Issues Pessimistic Forecast for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV) had its target price reduced by Wells Fargo & Company from $217.00 to $213.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 11.30% from the stock’s current price.

Several other research firms have also recently weighed in on TRV. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Keefe, Bruyette & Woods cut their price target on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. BMO Capital Markets raised their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Roth Mkm increased their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, UBS Group lifted their price target on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $254.65.

Travelers Companies Price Performance

TRV stock opened at $240.14 on Tuesday. The firm has a 50 day moving average of $250.38 and a 200-day moving average of $235.40. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $54.52 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. Travelers Companies has a 12 month low of $194.54 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 EPS. As a group, sell-side analysts predict that Travelers Companies will post 18.84 earnings per share for the current fiscal year.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,099,840. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction on Monday, October 21st. The stock was 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 $446,671.75. This represents a 69.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock worth $20,295,856 over the last three months. 1.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Large investors have recently bought and sold shares of the business. Franklin Resources Inc. boosted its holdings 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 valued at $32,646,000 after acquiring an additional 38,515 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Travelers Companies in the second quarter worth approximately $9,798,000. Orion Portfolio Solutions LLC grew its position in Travelers Companies by 34.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after purchasing an additional 4,665 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Travelers Companies during the 3rd quarter valued at $50,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Travelers Companies during the 3rd quarter valued at $1,219,000. 82.45% of the stock is currently owned by institutional investors.

About Travelers Companies

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.