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

StockNews.com downgraded shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a research note released on Wednesday.

Other equities analysts have also recently issued research reports about the stock. Piper Sandler lowered their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Citigroup upped their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Bank of America upped their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. UBS Group increased their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average price target of $247.90.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $250.50 on Wednesday. The stock has a market cap of $57.36 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.28 and a beta of 0.62. The firm’s 50-day moving average is $236.19 and its 200 day moving average is $220.59. Travelers Companies has a 1 year low of $159.89 and a 1 year high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 EPS. Sell-side analysts anticipate that Travelers Companies will post 18.24 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.68%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Vice Chairman William H. Heyman sold 2,014 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,479 shares of company stock worth $15,434,526. 1.33% of the stock is currently owned by insiders.

Institutional Trading of Travelers Companies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after buying an additional 25,575 shares during the period. Atlas Capital Advisors LLC grew its stake in Travelers Companies by 65.9% in the first quarter. Atlas Capital Advisors LLC now owns 413 shares of the insurance provider’s stock valued at $95,000 after purchasing an additional 164 shares during the last quarter. Sunbelt Securities Inc. grew its stake in Travelers Companies by 264.1% in the first quarter. Sunbelt Securities Inc. now owns 1,318 shares of the insurance provider’s stock valued at $303,000 after purchasing an additional 956 shares during the last quarter. Brookstone Capital Management grew its stake in Travelers Companies by 16.2% in the first quarter. Brookstone Capital Management now owns 1,630 shares of the insurance provider’s stock valued at $375,000 after purchasing an additional 227 shares during the last quarter. Finally, Sovereign Financial Group Inc. purchased a new position in Travelers Companies in the first quarter valued at about $227,000. Hedge funds and other 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.