Travelers Companies (NYSE:TRV) Lowered to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a report issued on Friday morning.

A number of other analysts also recently commented on the stock. Roth Mkm boosted their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company reiterated an “underweight” rating and issued a $217.00 price target (down from $256.00) on shares of Travelers Companies in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $251.70.

Travelers Companies Stock Performance

Shares of TRV stock opened at $240.76 on Friday. Travelers Companies has a 12-month low of $182.76 and a 12-month 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. The firm has a market capitalization of $54.66 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The business has a 50 day simple moving average of $253.97 and a 200 day simple moving average of $231.43.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $1.95 earnings per share. On average, equities research analysts anticipate that Travelers Companies will post 18.84 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.74%. Travelers Companies’s dividend payout ratio is presently 21.54%.

Insider Activity

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 in the last ninety days. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Large investors have recently bought and sold shares of the business. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies in the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC raised its holdings in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the period. True Wealth Design LLC acquired a new position in Travelers Companies during the 3rd quarter worth $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the third quarter valued at about $50,000. Finally, Salomon & Ludwin LLC grew its position in shares of Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 50 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

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.