Travelers Companies (NYSE:TRV) Lowered to “Hold” Rating by HSBC

HSBC cut shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a research report released on Monday morning, MarketBeat reports. They currently have $270.00 price target on the insurance provider’s stock.

TRV has been the topic of a number of other research reports. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $260.00.

Travelers Companies Price Performance

TRV stock opened at $259.70 on Monday. The company has a market cap of $58.88 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $248.83 and a two-hundred day moving average price of $247.37. Travelers Companies has a 12-month low of $200.21 and a 12-month high of $269.56.

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, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the business earned $7.01 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, research analysts predict that Travelers Companies will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans grew its position in Travelers Companies by 8.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider’s stock worth $3,982,000 after purchasing an additional 1,360 shares during the last quarter. Cerity Partners LLC grew its holdings in Travelers Companies by 9.7% in the 3rd quarter. Cerity Partners LLC now owns 73,777 shares of the insurance provider’s stock worth $17,273,000 after buying an additional 6,551 shares in the last quarter. Swedbank AB increased its position in Travelers Companies by 8.2% in the 3rd quarter. Swedbank AB now owns 123,619 shares of the insurance provider’s stock valued at $28,942,000 after acquiring an additional 9,377 shares during the period. Larson Financial Group LLC raised its stake in Travelers Companies by 191.9% during the 3rd quarter. Larson Financial Group LLC now owns 2,207 shares of the insurance provider’s stock valued at $517,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its position in Travelers Companies by 36.6% during the 3rd quarter. Summit Trail Advisors LLC now owns 2,305 shares of the insurance provider’s stock worth $540,000 after acquiring an additional 618 shares during the period. Institutional investors and hedge funds 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.