Travelers Companies (NYSE:TRV) Downgraded by StockNews.com

Travelers Companies (NYSE:TRV) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other equities research analysts also recently issued reports about the stock. Barclays initiated coverage on shares of Travelers Companies in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective for the company. Citigroup increased their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Bank of America raised their price objective on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research report on Monday, July 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research report on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $227.05.

Travelers Companies Trading Up 0.0 %

TRV opened at $236.11 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $243.48. The firm has a market capitalization of $53.82 billion, a PE ratio of 17.54, a P/E/G ratio of 1.24 and a beta of 0.62. The company’s 50-day moving average is $222.96 and its 200 day moving average is $218.07.

Travelers Companies (NYSE:TRV) last posted its earnings results 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). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the prior year, the company earned $0.06 EPS. The company’s revenue was up 11.7% on a year-over-year basis. As a group, research analysts predict that Travelers Companies will post 17.19 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

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

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently made changes to their positions in TRV. JPMorgan Chase & Co. lifted its holdings in shares of Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after acquiring an additional 3,158,979 shares during the last quarter. Acadian Asset Management LLC increased its position in Travelers Companies by 356.4% during the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after purchasing an additional 678,241 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in Travelers Companies during the 1st quarter valued at about $88,190,000. Point72 Asset Management L.P. increased its position in Travelers Companies by 6,167.2% during the 4th quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock valued at $63,596,000 after purchasing an additional 328,527 shares during the period. Finally, Renaissance Technologies LLC increased its position in Travelers Companies by 324.9% during the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after purchasing an additional 230,612 shares during the period. 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.