Travelers Companies (NYSE:TRV)‘s stock had its “hold” rating reaffirmed by investment analysts at Barclays in a report issued on Sunday. They presently have a $140.00 target price on the insurance provider’s stock. Barclays’ price objective suggests a potential downside of 0.82% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. Argus raised their price objective on shares of Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Wells Fargo & Co set a $125.00 price objective on shares of Travelers Companies and gave the stock a “hold” rating in a research report on Tuesday, November 14th. UBS Group raised their price objective on shares of Travelers Companies from $131.00 to $139.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. ValuEngine downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Royal Bank of Canada restated a “buy” rating and set a $148.00 price objective on shares of Travelers Companies in a research report on Friday, December 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $137.20.
Travelers Companies (NYSE:TRV) opened at $141.16 on Friday. Travelers Companies has a 1-year low of $113.76 and a 1-year high of $150.55. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $38,630.00, a PE ratio of 19.31, a P/E/G ratio of 1.88 and a beta of 1.26.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.56 by ($0.28). The company had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned $3.20 earnings per share. analysts forecast that Travelers Companies will post 10.59 EPS for the current fiscal year.
Travelers Companies announced that its board has authorized a share repurchase plan on Thursday, November 9th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,022 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $140.37, for a total transaction of $283,828.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Brian W. Maclean sold 88,607 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $149.29, for a total transaction of $13,228,139.03. Following the transaction, the chief operating officer now owns 211,293 shares of the company’s stock, valued at $31,543,931.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,544 shares of company stock valued at $23,881,707. 0.82% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. We Are One Seven LLC acquired a new position in Travelers Companies during the fourth quarter valued at approximately $724,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Travelers Companies by 40.1% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 17,809 shares of the insurance provider’s stock valued at $2,416,000 after purchasing an additional 5,100 shares in the last quarter. Slow Capital Inc. acquired a new position in Travelers Companies during the fourth quarter valued at approximately $2,291,000. Wealthsource Partners LLC acquired a new position in Travelers Companies during the fourth quarter valued at approximately $203,000. Finally, Canyon Capital Advisors LLC acquired a new position in Travelers Companies during the fourth quarter valued at approximately $10,056,000. Institutional investors and hedge funds own 78.91% of the company’s stock.
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About Travelers Companies
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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