Travelers Companies (NYSE:TRV) Stock Rating Lowered by HSBC

Travelers Companies (NYSE:TRV) was downgraded by equities research analysts at HSBC from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Marketbeat.com reports. They currently have a $270.00 price objective on the insurance provider’s stock. HSBC’s price objective would suggest a potential upside of 4.05% from the stock’s current price.

A number of other brokerages have also recently commented on TRV. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. BMO Capital Markets raised their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Barclays upped their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $260.00.

Travelers Companies Stock Performance

NYSE TRV opened at $259.50 on Monday. Travelers Companies has a 12-month low of $200.21 and a 12-month high of $269.56. The firm has a 50-day moving average price of $249.27 and a two-hundred day moving average price of $247.54. The company has a market capitalization of $58.84 billion, a P/E ratio of 12.09, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate 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 prior year, the business posted $7.01 earnings per share. Analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TRV. Vanguard Group Inc. increased its stake in shares of Travelers Companies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after buying an additional 117,108 shares during the period. State Street Corp boosted its holdings in Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after acquiring an additional 120,228 shares during the last quarter. FMR LLC increased its position in Travelers Companies by 1.6% during the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider’s stock valued at $3,439,392,000 after purchasing an additional 229,160 shares during the period. Geode Capital Management LLC raised its holdings in Travelers Companies by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider’s stock worth $1,269,321,000 after purchasing an additional 182,270 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Travelers Companies by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider’s stock worth $903,937,000 after purchasing an additional 70,036 shares during the period. 82.45% of the stock is owned by institutional investors.

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.