StockNews.com Downgrades Travelers Companies (NYSE:TRV) to Hold

StockNews.com downgraded shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other equities research analysts also recently commented on TRV. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a hold rating in a research report on Wednesday, August 7th. Citigroup lifted their price target on Travelers Companies from $200.00 to $203.00 and gave the company a sell rating in a research note on Tuesday, July 30th. Royal Bank of Canada reiterated a sector perform rating and issued a $225.00 price objective on shares of Travelers Companies in a research report on Monday, July 22nd. Bank of America boosted their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an underperform rating in a research report on Monday, July 22nd. Finally, TD Cowen cut shares of Travelers Companies from a buy rating to a hold rating and lowered their price target for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $227.05.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $235.12 on Friday. The stock has a market cap of $53.59 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.23 and a beta of 0.62. Travelers Companies has a twelve month low of $157.33 and a twelve month high of $243.48. The stock has a 50 day moving average of $224.72 and a two-hundred day moving average of $218.32. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. On average, research analysts forecast that Travelers Companies will post 17.18 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently modified their holdings of TRV. Drive Wealth Management LLC boosted its position in Travelers Companies by 2.8% during the 2nd quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock worth $360,000 after purchasing an additional 48 shares during the period. Wealth Quarterback LLC boosted its position in shares of Travelers Companies by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock worth $825,000 after buying an additional 49 shares during the period. Kapitalo Investimentos Ltda grew its stake in shares of Travelers Companies by 24.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after buying an additional 49 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Travelers Companies by 9.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after buying an additional 50 shares during the period. Finally, Norwood Financial Corp lifted its position in Travelers Companies by 16.1% during the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock worth $83,000 after acquiring an additional 50 shares in the last quarter. 82.45% of the stock is 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.