Mizuho Forecasts Strong Price Appreciation for Travelers Companies (NYSE:TRV) Stock

Travelers Companies (NYSE:TRVGet Free Report) had its price target lifted by Mizuho from $324.00 to $343.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price target points to a potential downside of 11.38% from the company’s previous close.

Several other equities analysts have also commented on the company. Barclays upped their target price on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday. Seaport Research Partners set a $322.00 price target on Travelers Companies in a report on Tuesday, May 26th. Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a research note on Monday. Wells Fargo & Company raised their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Piper Sandler boosted their target price on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $354.26.

View Our Latest Stock Report on Travelers Companies

Travelers Companies Trading Up 2.8%

Shares of NYSE:TRV traded up $10.67 during trading on Friday, reaching $387.04. The stock had a trading volume of 1,384,955 shares, compared to its average volume of 1,682,616. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market cap of $80.73 billion, a P/E ratio of 10.36, a PEG ratio of 3.76 and a beta of 0.46. The business has a fifty day moving average price of $320.31 and a 200-day moving average price of $303.89. Travelers Companies has a fifty-two week low of $252.26 and a fifty-two week high of $388.22.

Travelers Companies (NYSE:TRVGet Free Report) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. Travelers Companies’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $6.51 earnings per share. As a group, analysts anticipate that Travelers Companies will post 31.83 earnings per share for the current fiscal year.

Insider Transactions at Travelers Companies

In related news, insider Avrohom J. Kess sold 6,735 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the sale, the insider owned 48,737 shares of the company’s stock, valued at approximately $15,049,010.86. This represents a 12.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 1,557 shares of the firm’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 completion of the transaction, the insider owned 259,590 shares in the company, valued at $80,639,037.60. The trade was a 0.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,292 shares of company stock worth $5,639,800 in the last three months. 1.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

Several large investors have recently made changes to their positions in the business. Berman McAleer LLC boosted its position in Travelers Companies by 3.5% during the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 30 shares during the period. Willner & Heller LLC lifted its stake in shares of Travelers Companies by 2.7% during the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after purchasing an additional 32 shares in the last quarter. Spinnaker Trust boosted its position in shares of Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock worth $565,000 after buying an additional 33 shares during the period. Cim LLC boosted its position in shares of Travelers Companies by 0.4% in the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after buying an additional 34 shares during the period. Finally, Avalon Trust Co grew its stake in shares of Travelers Companies by 0.4% in the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies News Summary

Here are the key news stories impacting Travelers Companies this week:

Travelers Companies Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Travelers Companies (NYSE:TRV)

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