The Travelers Companies PT Raised to $88.00 at KBW (TRV)

Posted by: Karim Khaledi Posted date: March 19, 2013 In: Analyst Articles - US, Investing

KBW upped their price target on shares of The Travelers Companies (NYSE: TRV) from $86.00 to $88.00 in a research note issued on Monday. The firm currently has a “market perform” rating on the stock.

TRV has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of The Travelers Companies in a research note to investors on Monday. Finally, analysts at FBR Capital raised their price target on shares of The Travelers Companies from $65.00 to $75.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock.

Twelve equities research analysts have rated the stock with a buy rating, and twelve have issued a hold rating to the company. The company presently has a consensus rating of “overweight” and a consensus price target of $83.94.

Shares of The Travelers Companies (NYSE: TRV) traded up 0.30% during mid-day trading on Monday, hitting $82.53. The Travelers Companies has a 52 week low of $57.75 and a 52 week high of $83.15. The stock’s 50-day moving average is currently $80.06. The company has a market cap of $31.193 billion and a P/E ratio of 13.07.

The Travelers Companies (NYSE: TRV) last released its earnings data on Tuesday, January 22nd. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.58. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that The Travelers Companies will post $7.15 earnings per share for the current fiscal year.

The Travelers Companies, Inc. (TRV) is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, Government units, associations and individuals.

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