Travelers Companies (NYSE:TRV) Rating Lowered to Hold at StockNews.com

Travelers Companies (NYSE:TRV) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other brokerages have also weighed in on TRV. HSBC boosted their price objective on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a report on Monday, April 8th. TD Cowen lowered their price objective on Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a report on Tuesday. Evercore ISI lowered their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Finally, The Goldman Sachs Group upped their target price on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $223.47.

Travelers Companies Stock Down 0.3 %

Shares of NYSE TRV opened at $213.45 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $48.88 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.11 and a beta of 0.58. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $232.75. The stock’s 50-day simple moving average is $221.50 and its 200-day simple moving average is $198.41.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.11 earnings per share. As a group, equities analysts anticipate that Travelers Companies will post 17.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,500 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total value of $533,850.00. Following the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,490,710.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. Insiders sold 80,734 shares of company stock worth $17,208,404 over the last ninety days. Company insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRV. Vanguard Group Inc. raised its stake in Travelers Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after purchasing an additional 148,012 shares during the period. Clearbridge Investments LLC boosted its holdings in Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after acquiring an additional 623,974 shares during the period. Northern Trust Corp lifted its stake in shares of Travelers Companies by 0.9% in the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after buying an additional 29,989 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Travelers Companies by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after buying an additional 154,886 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Travelers Companies by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after buying an additional 95,153 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.