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

Travelers Companies (NYSE:TRV) had its price objective increased by stock analysts at Mizuho from $343.00 to $348.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the insurance provider’s stock. Mizuho’s target price points to a potential downside of 8.45% from the stock’s current price.

Several other analysts have also recently commented on TRV. BMO Capital Markets cut Travelers Companies from an “outperform” rating to a “market perform” rating and raised their price target for the company from $314.00 to $379.00 in a report on Tuesday, July 21st. Evercore set a $329.00 price objective on Travelers Companies and gave the stock an “in-line” rating in a report on Friday, July 10th. Raymond James Financial set a $430.00 price objective on Travelers Companies in a research report on Monday, July 20th. Weiss Ratings downgraded Travelers Companies from a “buy (a)” rating to a “buy (a-)” rating in a report on Wednesday, September 9th. Finally, Morgan Stanley boosted their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $354.53.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded up $2.13 on Wednesday, reaching $380.10. 232,744 shares of the stock were exchanged, compared to its average volume of 1,674,558. The firm has a market capitalization of $79.28 billion, a PE ratio of 10.17, a PEG ratio of 2.54 and a beta of 0.44. Travelers Companies has a 1-year low of $252.26 and a 1-year high of $398.70. The business has a fifty day moving average price of $368.22 and a two-hundred day moving average price of $326.89. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter last year, the firm earned $6.51 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. As a group, research analysts anticipate that Travelers Companies will post 33.82 earnings per share for the current fiscal year.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan Lefebvre sold 16,313 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the transaction, the executive vice president directly owned 9,213 shares of the company’s stock, valued at approximately $3,393,884.94. The trade was a 63.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Klein sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,667 shares of company stock worth $21,830,989 over the last ninety days. 1.39% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelers Companies

Several large investors have recently modified their holdings of TRV. 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 valued at $295,000 after acquiring an additional 30 shares in the last quarter. Willner & Heller LLC raised its position in shares of Travelers Companies by 2.7% in the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after acquiring an additional 32 shares in the last quarter. Spinnaker Trust raised its position in shares of Travelers Companies by 1.7% in the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock worth $565,000 after acquiring an additional 33 shares in the last quarter. Avalon Trust Co lifted its stake in shares of Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after purchasing an additional 35 shares during the period. Finally, 111 Capital lifted its stake in shares of Travelers Companies by 3.0% in the 4th quarter. 111 Capital now owns 1,223 shares of the insurance provider’s stock valued at $355,000 after purchasing an additional 36 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers’ principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers’ compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.