Travelers Companies (NYSE:TRV) Cut to Hold at Hsbc Global Res

Hsbc Global Res cut shares of Travelers Companies (NYSE:TRV) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

TRV has been the subject of a number of other reports. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a research note on Monday. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Barclays raised their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company increased their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $260.00.

Travelers Companies Trading Up 0.9 %

Travelers Companies stock opened at $261.73 on Monday. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.56. The firm’s 50 day moving average price is $249.70 and its two-hundred day moving average price is $247.64. The firm has a market cap of $59.34 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced 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 company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the firm earned $7.01 earnings per share. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts predict that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm 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 dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.60%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Institutional Trading of Travelers Companies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Travelers Companies by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after acquiring an additional 41 shares in the last quarter. Quent Capital LLC raised its position in shares of Travelers Companies by 3.3% in the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after purchasing an additional 43 shares during the period. Salem Investment Counselors Inc. raised its position in shares of Travelers Companies by 5.1% in the fourth 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 during the period. Somerset Trust Co lifted its stake in shares of Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock worth $221,000 after buying an additional 45 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of Travelers Companies by 3.8% during the 3rd quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider’s stock worth $294,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.