Travelers Companies (NYSE:TRV) Cut to Hold at HSBC

HSBC lowered shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a research report sent to investors on Monday, Marketbeat.com reports. They currently have $270.00 target price on the insurance provider’s stock.

Several other equities analysts have also weighed in on TRV. Barclays raised their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, BMO Capital Markets upped their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Price Performance

Shares of TRV opened at $261.73 on Monday. The stock has a fifty day moving average price of $249.70 and a 200 day moving average price of $247.64. Travelers Companies has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a market cap of $59.34 billion, a P/E ratio of 12.19, a PEG ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.01 earnings per share. On average, research analysts forecast that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend payout ratio is currently 19.56%.

Institutional Trading of Travelers Companies

Several institutional investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. acquired a new stake in Travelers Companies during the 4th quarter worth about $26,000. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $26,000. YANKCOM Partnership acquired a new position in shares of Travelers Companies during the 4th quarter valued at $27,000. Kapitalo Investimentos Ltda acquired a new stake in Travelers Companies in the fourth quarter worth $30,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Travelers Companies in the fourth quarter valued at $33,000. 82.45% of the stock is currently owned by 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.