Travelers Companies (NYSE:TRV) Upgraded by Deutsche Bank to Hold

Deutsche Bank upgraded shares of Travelers Companies (NYSE:TRV) from a sell rating to a hold rating in a research note released on Tuesday, The Fly reports.

A number of other brokerages also recently issued reports on TRV. ValuEngine downgraded shares of Travelers Companies from a buy rating to a hold rating in a research note on Thursday, August 1st. Morgan Stanley decreased their price target on shares of Travelers Companies from $140.00 to $136.00 and set an underweight rating for the company in a research note on Thursday, August 15th. Buckingham Research downgraded shares of Travelers Companies from a buy rating to a neutral rating and set a $158.00 price target for the company. in a research note on Friday, July 19th. Bank of America downgraded shares of Travelers Companies from a buy rating to a neutral rating and set a $156.00 price target for the company. in a research note on Wednesday, September 18th. Finally, Wells Fargo & Co reiterated a hold rating on shares of Travelers Companies in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $148.65.

Shares of Travelers Companies stock opened at $130.15 on Tuesday. Travelers Companies has a 52-week low of $111.08 and a 52-week high of $155.09. The company has a 50 day moving average of $145.40 and a 200 day moving average of $146.23. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $36.81 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.44 and a beta of 0.93.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, October 22nd. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.96). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter in the prior year, the firm earned $2.54 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, research analysts anticipate that Travelers Companies will post 10.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.52%. Travelers Companies’s dividend payout ratio is presently 36.69%.

In related news, Director Philip T. Ruegger III acquired 700 shares of Travelers Companies stock in a transaction dated Monday, August 19th. The stock was acquired at an average price of $147.49 per share, for a total transaction of $103,243.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 3,545 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $147.41, for a total transaction of $522,568.45. The disclosure for this sale can be found here. Insiders have sold a total of 56,566 shares of company stock valued at $8,347,056 in the last 90 days. Insiders own 0.73% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC increased its holdings in shares of Travelers Companies by 4.2% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,977 shares of the insurance provider’s stock valued at $293,000 after acquiring an additional 80 shares during the period. Prospera Financial Services Inc increased its holdings in shares of Travelers Companies by 15.5% in the 3rd quarter. Prospera Financial Services Inc now owns 4,028 shares of the insurance provider’s stock valued at $599,000 after acquiring an additional 542 shares during the period. Kwmg LLC increased its holdings in shares of Travelers Companies by 2.4% in the 3rd quarter. Kwmg LLC now owns 19,699 shares of the insurance provider’s stock valued at $2,929,000 after acquiring an additional 458 shares during the period. Investors Research Corp increased its holdings in shares of Travelers Companies by 8.4% in the 3rd quarter. Investors Research Corp now owns 2,574 shares of the insurance provider’s stock valued at $383,000 after acquiring an additional 200 shares during the period. Finally, World Asset Management Inc increased its holdings in shares of Travelers Companies by 1.6% in the 3rd quarter. World Asset Management Inc now owns 23,242 shares of the insurance provider’s stock valued at $3,456,000 after acquiring an additional 374 shares during the period. 81.42% 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.

Featured Article: Purposes and Functions of the Federal Reserve

The Fly

Analyst Recommendations for Travelers Companies (NYSE:TRV)

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.