Travelers Companies (NYSE:TRV) Downgraded to Hold Rating by Hsbc Global Res

Hsbc Global Res downgraded shares of Travelers Companies (NYSE:TRV) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

TRV has been the topic of several other reports. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their target price 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. Finally, BMO Capital Markets raised their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $260.00.

Travelers Companies Stock Up 0.9 %

Shares of TRV stock opened at $261.73 on Monday. Travelers Companies has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market cap of $59.34 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The stock has a 50 day moving average of $249.70 and a 200-day moving average of $247.64.

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

Travelers Companies Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is 19.56%.

Institutional Trading of Travelers Companies

A number of hedge funds have recently made changes to their positions in TRV. Bank of America Corp DE lifted its stake in shares of Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock worth $844,854,000 after acquiring an additional 2,466,098 shares during the period. Norges Bank acquired a new stake in shares of Travelers Companies in the 4th quarter worth about $560,918,000. Balyasny Asset Management L.P. lifted its stake in Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock valued at $360,694,000 after acquiring an additional 907,266 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Travelers Companies during the fourth quarter worth about $138,619,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $96,012,000. 82.45% of the stock is owned by institutional investors and hedge funds.

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.