Truist Financial Issues Positive Forecast for Travelers Companies (NYSE:TRV) Stock Price

Travelers Companies (NYSE:TRV) had its price objective hoisted by equities researchers at Truist Financial from $395.00 to $425.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the insurance provider’s stock. Truist Financial’s target price would suggest a potential upside of 15.54% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a research note on Monday. Roth Capital reiterated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. UBS Group boosted their price target on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Evercore set a $329.00 target price on shares of Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Finally, Barclays cut Travelers Companies from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $331.00 to $295.00 in a report on Friday, June 12th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $337.32.

Travelers Companies Stock Down 0.3%

TRV traded down $1.15 during trading hours on Monday, hitting $367.83. 385,882 shares of the company’s stock were exchanged, compared to its average volume of 1,653,361. The company has a current ratio of 0.33, a quick ratio of 0.35 and a debt-to-equity ratio of 0.27. Travelers Companies has a 12-month low of $252.26 and a 12-month high of $371.94. The firm has a market cap of $78.22 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 3.28 and a beta of 0.46. The firm has a 50 day moving average of $314.35 and a 200 day moving average of $301.57.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.During the same quarter last year, the business posted $6.51 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. Analysts predict that Travelers Companies will post 28.39 EPS for the current fiscal year.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the sale, the insider directly owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 18,292 shares of company stock worth $5,639,800. 1.39% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelers Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Diversified Trust Co. lifted its position in shares of Travelers Companies by 0.8% in the 2nd quarter. Diversified Trust Co. now owns 4,521 shares of the insurance provider’s stock valued at $1,492,000 after acquiring an additional 36 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC increased its holdings in Travelers Companies by 4.5% in the second quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 2,675 shares of the insurance provider’s stock worth $883,000 after buying an additional 115 shares during the last quarter. Liberty Capital Management Inc. acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at $414,000. Merit Financial Group LLC increased its holdings in shares of Travelers Companies by 6.5% during the 2nd quarter. Merit Financial Group LLC now owns 20,474 shares of the insurance provider’s stock valued at $6,759,000 after acquiring an additional 1,253 shares during the last quarter. Finally, Cypress Point Wealth Management LLC raised its position in shares of Travelers Companies by 15.3% in the second quarter. Cypress Point Wealth Management LLC now owns 1,398 shares of the insurance provider’s stock valued at $462,000 after purchasing an additional 185 shares during the period. 82.45% of the stock is currently owned by institutional investors.

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.