Travelers Companies (NYSE:TRV) Stock Price Expected to Rise, HSBC Analyst Says

Travelers Companies (NYSE:TRV) had its price target raised by analysts at HSBC from $321.00 to $351.00 in a research report issued on Monday, MarketBeat Ratings reports. The firm presently has a “hold” rating on the insurance provider’s stock. HSBC’s price target suggests a potential upside of 2.74% from the stock’s previous close.

TRV has been the subject of several other reports. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and upped their target price for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Wells Fargo & Company boosted their price objective on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Piper Sandler lifted their target price on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Brean Capital began coverage on shares of Travelers Companies in a report on Thursday, March 12th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $311.69.

Travelers Companies Trading Down 0.2%

Shares of Travelers Companies stock opened at $341.65 on Monday. The company has a market capitalization of $72.65 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 3.09 and a beta of 0.46. The stock has a fifty day simple moving average of $306.77 and a 200 day simple moving average of $298.14. Travelers Companies has a 12-month low of $249.19 and a 12-month high of $342.31. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the previous year, the firm earned $1.91 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Travelers Companies will post 28 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In other news, insider Avrohom J. Kess sold 6,735 shares of Travelers Companies stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the transaction, the insider owned 48,737 shares in the company, valued at $15,049,010.86. This trade represents a 12.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the sale, the insider owned 259,590 shares in the company, valued at $80,639,037.60. The trade was a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,573 shares of company stock worth $11,504,146 in the last three months. Corporate insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently made changes to their positions in TRV. HHM Wealth Advisors LLC raised its stake in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Travelers Companies in the first quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. Osterweis Capital Management Inc. grew its stake in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Travelers Companies during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.