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

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

A number of other research analysts have also issued reports on TRV. TD Cowen dropped their price objective on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Evercore ISI reduced their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research note 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 research report on Monday, April 8th. Finally, Morgan Stanley increased their price target on Travelers Companies from $214.00 to $216.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $222.65.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $206.96 on Friday. The company’s 50 day moving average price is $212.76 and its two-hundred day moving average price is $211.21. The firm has a market capitalization of $47.39 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.10 and a beta of 0.62. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business earned $4.11 EPS. On average, equities analysts forecast that Travelers Companies will post 17.59 earnings per share for the current fiscal year.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The disclosure for this sale can be found here. Insiders sold a total of 18,635 shares of company stock valued at $3,980,827 over the last three months. Corporate insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently modified their holdings of TRV. Old Port Advisors raised its stake in shares of Travelers Companies by 5.3% during the 1st quarter. Old Port Advisors now owns 1,301 shares of the insurance provider’s stock worth $299,000 after purchasing an additional 65 shares during the period. EverSource Wealth Advisors LLC raised its position in Travelers Companies by 11.1% in the first quarter. EverSource Wealth Advisors LLC now owns 572 shares of the insurance provider’s stock worth $121,000 after acquiring an additional 57 shares during the period. Pathway Financial Advisers LLC bought a new stake in Travelers Companies in the first quarter worth about $35,000. Boston Partners boosted its stake in Travelers Companies by 16.4% in the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after acquiring an additional 196,011 shares during the last quarter. Finally, Cetera Advisors LLC grew its position in shares of Travelers Companies by 75.3% during the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock valued at $2,531,000 after acquiring an additional 4,724 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

About Travelers Companies

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.