StockNews.com Downgrades Travelers Companies (NYSE:TRV) to Hold

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

Several other equities research analysts have also weighed in on TRV. UBS Group raised their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Piper Sandler dropped their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. BMO Capital Markets lifted their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Stock Down 1.3 %

Shares of Travelers Companies stock opened at $259.27 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. Travelers Companies has a 52-week low of $170.88 and a 52-week high of $269.55. The company has a market capitalization of $58.86 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.25 and a beta of 0.62. The company has a 50 day moving average of $245.28 and a 200 day moving average of $225.14.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.95 EPS. As a group, research analysts forecast that Travelers Companies will post 18.64 EPS for the current fiscal year.

Insider Buying and Selling at Travelers Companies

In related news, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the sale, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. This trade represents a 69.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,409 shares of company stock valued at $19,305,504. 1.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in TRV. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies in the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies during the 1st quarter valued at $35,000. Beacon Capital Management LLC increased its position in 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 buying an additional 66 shares in the last quarter. Wolff Wiese Magana LLC increased its position in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Travelers Companies in the third quarter worth $41,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

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.