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

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

Other research analysts also recently issued research reports about the company. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm increased their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Bank of America raised their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Royal Bank of Canada increased their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $251.70.

Travelers Companies Stock Up 1.3 %

TRV opened at $240.76 on Friday. Travelers Companies has a 12 month low of $182.76 and a 12 month high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The business has a 50 day simple moving average of $253.97 and a 200-day simple moving average of $231.43. The stock has a market capitalization of $54.66 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.17 and a beta of 0.63.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. The firm 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%. Travelers Companies’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. On average, equities analysts anticipate that Travelers Companies will post 18.84 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in shares of Travelers Companies by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 281,463 shares of the insurance provider’s stock worth $65,896,000 after purchasing an additional 9,660 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Travelers Companies by 39.5% in the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after buying an additional 38,515 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Travelers Companies by 42.7% during the 3rd quarter. Tidal Investments LLC now owns 7,430 shares of the insurance provider’s stock valued at $1,740,000 after purchasing an additional 2,225 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Travelers Companies in the 3rd quarter worth $2,174,000. Finally, Arvest Bank Trust Division bought a new position in shares of Travelers Companies in the third quarter worth about $16,344,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

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.