Travelers Companies (NYSE:TRV) Downgraded by The Goldman Sachs Group to “Sell”

The Goldman Sachs Group cut shares of Travelers Companies (NYSE:TRV) from a neutral rating to a sell rating in a research note published on Monday, MarketBeat Ratings reports. They currently have $350.00 price objective on the insurance provider’s stock.

Other research analysts also recently issued reports about the company. Cantor Fitzgerald raised their price objective on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target on the stock. in a report on Monday, July 13th. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a research report on Monday. Finally, HSBC boosted their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Three research 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 assigned a Sell rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $341.00.

Travelers Companies Trading Down 0.2%

Travelers Companies stock opened at $368.20 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.35. The company has a market capitalization of $78.30 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 3.28 and a beta of 0.46. Travelers Companies has a one year low of $252.26 and a one year high of $371.94. The company’s fifty day moving average price is $315.77 and its two-hundred day moving average price is $302.11.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The company 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%.The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.51 earnings per share. On average, analysts forecast that Travelers Companies will post 28.39 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is currently 13.39%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $13,882,706.25. The trade was a 18.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Avrohom J. Kess sold 6,735 shares of the company’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 trade represents a 12.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,292 shares of company stock worth $5,639,800 in the last 90 days. 1.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Merit Financial Group LLC increased its position in Travelers Companies by 6.5% during the second quarter. Merit Financial Group LLC now owns 20,474 shares of the insurance provider’s stock worth $6,759,000 after acquiring an additional 1,253 shares during the period. Diversified Trust Co. boosted its holdings in 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 purchasing an additional 36 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in Travelers Companies by 4.5% in the 2nd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 2,675 shares of the insurance provider’s stock valued at $883,000 after purchasing an additional 115 shares during the period. Liberty Capital Management Inc. acquired a new stake in Travelers Companies in the 2nd quarter worth $414,000. Finally, Cypress Point Wealth Management LLC increased its holdings in shares of Travelers Companies by 15.3% during the 2nd quarter. Cypress Point Wealth Management LLC now owns 1,398 shares of the insurance provider’s stock worth $462,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

More Travelers Companies News

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Truist Financial raised its price target on Travelers from $395 to $425 and kept a buy rating, citing continued upside from top- and bottom-line momentum. Article Title
• Positive Sentiment: Citigroup also lifted its target from $315 to $385, suggesting more modest but still positive upside from current levels. Article Title
• Positive Sentiment: Recent coverage highlighted Travelers’ Q2 earnings beat, with strong underwriting results and expanding capital returns helping drive renewed investor optimism. Article Title
• Positive Sentiment: The company’s earnings surprise was large enough to push the stock to a new 52-week high and fuel follow-on bullish commentary from investors and media. Article Title
• Neutral Sentiment: Several writeups focused on Travelers’ strong Q2 performance, including a report that profit jumped sharply and the stock rallied on the results. Article Title
• Neutral Sentiment: One Seeking Alpha piece argued the results were especially strong and linked them to the AI datacenter boom, but it does not directly change the fundamentals investors are watching. Article Title
• Negative Sentiment: Goldman Sachs downgraded Travelers to sell from neutral and set a $350 target, signaling skepticism after the post-earnings rally. Article Title
• Negative Sentiment: Another Goldman note separately reinforced a more cautious stance, saying the shares have limited upside from current levels after the strong move. Article Title

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.