Travelers Companies (NYSE:TRV) Cut to “Hold” at StockNews.com

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

Several other research firms also recently issued reports on TRV. Piper Sandler cut their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Citigroup raised their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. UBS Group increased their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $247.45.

Travelers Companies Stock Down 0.2 %

NYSE TRV opened at $259.19 on Wednesday. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $269.55. The company has a market capitalization of $59.08 billion, a P/E ratio of 13.29, a PEG ratio of 1.40 and a beta of 0.62. The company’s 50 day simple moving average is $233.84 and its 200 day simple moving average is $219.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results 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 firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.95 earnings per share. Equities research analysts expect that Travelers Companies will post 17.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Travelers Companies

In related news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was 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 directly owns 1,715 shares in the company, valued at approximately $446,671.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,465 shares of company stock worth $13,681,936 over the last three months. Corporate insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently bought and sold shares of TRV. Nordea Investment Management AB raised its holdings in Travelers Companies by 38.7% in the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after acquiring an additional 95,451 shares in the last quarter. Cetera Investment Advisers boosted its stake in Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after buying an additional 35,560 shares in the last quarter. Wellington Management Group LLP increased its holdings in Travelers Companies by 100.9% in the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after buying an additional 25,575 shares during the period. GAMMA Investing LLC increased its holdings in Travelers Companies by 162.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after buying an additional 3,050 shares during the period. Finally, Diversified Trust Co raised its stake in shares of Travelers Companies by 145.5% in the 1st quarter. Diversified Trust Co now owns 16,013 shares of the insurance provider’s stock valued at $3,685,000 after buying an additional 9,491 shares in the last quarter. 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.