Raymond James Financial Forecasts Strong Price Appreciation for Travelers Companies (NYSE:TRV) Stock

Travelers Companies (NYSE:TRV) had its price target lifted by investment analysts at Raymond James Financial from $350.00 to $400.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “strong-buy” rating on the insurance provider’s stock. Raymond James Financial’s price target would indicate a potential upside of 18.53% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Brean Capital started coverage on shares of Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock. BMO Capital Markets upped their price objective on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Barclays cut shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $331.00 to $295.00 in a research report on Friday, June 12th. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Finally, Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $318.94.

Travelers Companies Trading Down 1.4%

Shares of Travelers Companies stock traded down $4.85 during trading on Monday, reaching $337.46. 515,282 shares of the stock were exchanged, compared to its average volume of 1,636,375. The stock’s fifty day moving average is $306.77 and its 200 day moving average is $298.14. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a market cap of $71.76 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 3.09 and a beta of 0.46. Travelers Companies has a 1 year low of $249.19 and a 1 year high of $343.45.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The company had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 earnings per share. As a group, equities research analysts expect that Travelers Companies will post 28 earnings per share for the current fiscal year.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of Travelers Companies stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,853,239.50. This trade represents a 51.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,573 shares of company stock valued at $11,504,146 in the last 90 days. Corporate insiders own 1.39% of the company’s stock.

Institutional Trading of Travelers Companies

A number of institutional investors have recently made changes to their positions in the business. HHM Wealth Advisors LLC increased its holdings in shares of Travelers Companies by 145.7% in the first 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 last quarter. Whipplewood Advisors LLC acquired a new position in Travelers Companies during the 1st quarter worth about $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of Travelers Companies in the 4th quarter valued at $26,000. Osterweis Capital Management Inc. lifted its position in shares of Travelers Companies by 1,820.0% during the 2nd 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 during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $28,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

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.