Travelers Companies’ (TRV) Sector Perform Rating Reiterated at Royal Bank of Canada

Travelers Companies (NYSE:TRV)‘s stock had its “sector perform” rating reiterated by Royal Bank of Canada in a research report issued on Thursday,Benzinga reports. They currently have a $268.00 target price on the insurance provider’s stock, down from their prior target price of $273.00. Royal Bank of Canada’s price target would suggest a potential upside of 10.87% from the stock’s current price.

TRV has been the subject of a number of other reports. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research report on Wednesday, January 8th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Bank of America upped their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $255.53.

Travelers Companies Stock Performance

Shares of NYSE TRV traded down $4.99 during midday trading on Thursday, reaching $241.73. The company had a trading volume of 477,899 shares, compared to its average volume of 1,471,635. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.55. The business’s 50-day simple moving average is $248.61 and its 200 day simple moving average is $236.77. 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 stock has a market cap of $54.88 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.05 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10,795,375 billion. During the same quarter in the previous year, the firm posted $7.01 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, analysts forecast that Travelers Companies will post 19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Maria Olivo sold 10,410 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,670 shares of company stock worth $4,861,329. 1.33% of the stock is owned by insiders.

Hedge Funds Weigh In On Travelers Companies

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

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.