Travelers Companies (NYSE:TRV) Rating Lowered to Neutral at Janney Montgomery Scott

Travelers Companies (NYSE:TRV) was downgraded by stock analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a report released on Thursday, Marketbeat.com reports. They presently have a $280.00 price objective on the insurance provider’s stock. Janney Montgomery Scott’s price objective would suggest a potential upside of 8.90% from the stock’s current price.

TRV has been the subject of a number of other research reports. Keefe, Bruyette & Woods raised 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday. Roth Mkm upped their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Citigroup increased their price objective 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. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $251.15.

Travelers Companies Price Performance

TRV opened at $257.12 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $58.37 billion, a P/E ratio of 13.19, a PEG ratio of 1.24 and a beta of 0.62. The stock has a 50-day moving average price of $245.79 and a 200-day moving average price of $225.37. Travelers Companies has a 12-month low of $172.38 and a 12-month high of $269.55.

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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period last year, the business earned $1.95 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Equities analysts predict that Travelers Companies will post 18.64 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In related news, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,409 shares of company stock worth $19,305,504. Insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC lifted its holdings in shares of Travelers Companies by 25.6% during the third quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider’s stock worth $3,978,000 after purchasing an additional 3,462 shares during the period. Toronto Dominion Bank increased its stake in shares of Travelers Companies by 1.0% in the third quarter. Toronto Dominion Bank now owns 114,014 shares of the insurance provider’s stock worth $26,693,000 after acquiring an additional 1,113 shares during the period. Empire Financial Management Company LLC raised its holdings in shares of Travelers Companies by 1.2% during the third quarter. Empire Financial Management Company LLC now owns 16,201 shares of the insurance provider’s stock worth $3,793,000 after purchasing an additional 187 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Travelers Companies by 14.3% during the third quarter. Coldstream Capital Management Inc. now owns 5,032 shares of the insurance provider’s stock worth $1,191,000 after purchasing an additional 630 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Travelers Companies by 2.3% in the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after purchasing an additional 114,714 shares during the last quarter. 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.