Travelers Companies (NYSE:TRV) Stock Rating Lowered by StockNews.com

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

A number of other equities analysts also recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research note on Thursday, April 18th. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Roth Mkm reissued a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Jefferies Financial Group lowered their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research report on Friday, April 19th. Finally, Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $222.65.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $208.51 on Thursday. The company’s fifty day moving average is $213.66 and its two-hundred day moving average is $210.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $232.75. The company has a market cap of $47.75 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 1.08 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same period last year, the firm earned $4.11 earnings per share. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts expect that Travelers Companies will post 17.86 earnings per share for the current fiscal year.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,635 shares of company stock valued at $3,980,827. Corporate insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northwest Financial Advisors bought a new position in shares of Travelers Companies during the fourth quarter worth $32,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies during the first quarter worth $35,000. Beacon Capital Management LLC boosted its position in shares of Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Private Wealth Management Group LLC bought a new position in shares of Travelers Companies during the fourth quarter worth $39,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Travelers Companies during the fourth quarter worth $40,000. 82.45% of the stock is owned by institutional investors.

About Travelers Companies

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.