Travelers Companies (NYSE:TRV) Rating Lowered 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 Saturday.

Several other analysts have also commented on the company. HSBC raised their target price on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a report on Thursday, April 4th. Roth Mkm reaffirmed a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. JPMorgan Chase & Co. raised their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Evercore ISI dropped their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Finally, Keefe, Bruyette & Woods dropped their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $223.47.

Travelers Companies Trading Down 0.3 %

Shares of NYSE:TRV opened at $213.45 on Friday. Travelers Companies has a 52-week low of $157.33 and a 52-week high of $232.75. The stock has a market cap of $48.88 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.11 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $221.50 and a 200-day moving average price of $198.41.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the business earned $4.11 earnings per share. Equities analysts predict that Travelers Companies will post 17.78 EPS for the current year.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Vice Chairman William H. Heyman sold 2,500 shares of Travelers Companies stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total transaction of $533,850.00. Following the transaction, the insider now owns 255,178 shares in the company, valued at $54,490,710.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold 80,734 shares of company stock valued at $17,208,404 over the last ninety days. Insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Institutional investors have recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. purchased a new stake in Travelers Companies in the third quarter valued at $26,000. Arlington Trust Co LLC acquired a new stake in shares of Travelers Companies in the third quarter valued at $27,000. Northwest Financial Advisors acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $32,000. AM Squared Ltd grew its stake in shares of Travelers Companies by 100.0% in the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $39,000. Hedge funds and other institutional investors 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.