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

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

TRV has been the subject of a number of other research reports. Bank of America increased their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Royal Bank of Canada increased their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. UBS Group increased their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group increased their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $251.15.

Travelers Companies Price Performance

TRV stock traded up $2.89 during mid-day trading on Wednesday, reaching $266.66. The company’s stock had a trading volume of 1,200,371 shares, compared to its average volume of 1,306,734. The stock has a market cap of $60.54 billion, a PE ratio of 13.67, a P/E/G ratio of 1.24 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. Travelers Companies has a fifty-two week low of $175.88 and a fifty-two week high of $269.55. The company’s 50 day moving average is $248.18 and its two-hundred day moving average is $226.96.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.95 EPS. Equities research analysts expect that Travelers Companies will post 18.83 EPS for the current year.

Insider Transactions at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 78,149 shares of company stock valued at $20,295,856. Insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently bought and sold shares of TRV. Y.D. More Investments Ltd purchased a new stake in Travelers Companies in the second quarter valued at $25,000. Pathway Financial Advisers LLC purchased a new stake in Travelers Companies in the first quarter valued at $35,000. Beacon Capital Management LLC raised its holdings in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Travelers Companies in the third quarter valued at about $41,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.