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

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

Several other analysts also recently weighed in on the stock. Piper Sandler decreased their price target on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company raised their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $260.11.

Travelers Companies Price Performance

TRV opened at $241.29 on Thursday. The business has a fifty day moving average of $248.31 and a 200 day moving average of $236.80. The stock has a market cap of $54.78 billion, a P/E ratio of 11.24, a PEG ratio of 1.09 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. Travelers Companies has a 52-week low of $200.21 and a 52-week high of $269.55.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10,795,375 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $7.01 earnings per share. As a group, sell-side analysts anticipate that Travelers Companies will post 20.33 EPS for the current year.

Insider Activity

In related news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,670 shares of company stock valued at $4,861,329 over the last ninety days. 1.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Travelers Companies

Institutional investors have recently modified their holdings of the business. Ledyard National Bank raised its stake in shares of Travelers Companies by 1.9% during the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after buying an additional 39 shares during the period. Trueblood Wealth Management LLC increased its position in shares of Travelers Companies by 2.3% during the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after purchasing an additional 41 shares in the last quarter. Cornell Pochily Investment Advisors Inc. raised its stake in Travelers Companies by 2.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after purchasing an additional 42 shares during the last quarter. Salem Investment Counselors Inc. lifted its holdings in Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 44 shares in the last quarter. Finally, Willner & Heller LLC raised its position in shares of Travelers Companies by 4.1% in the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after buying an additional 45 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.