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

Travelers Companies (NYSE:TRV) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

A number of other research analysts also recently weighed in on the company. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Bank of America raised their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a report on Thursday, November 21st. 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. Finally, Jefferies Financial Group boosted their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average price target of $251.70.

Travelers Companies Stock Performance

Shares of NYSE TRV traded up $3.05 during trading on Friday, reaching $240.76. 2,339,257 shares of the company traded hands, compared to its average volume of 1,319,362. The firm has a 50 day simple moving average of $253.97 and a 200-day simple moving average of $231.27. Travelers Companies has a 52-week low of $182.76 and a 52-week high of $269.55. The stock has a market capitalization of $54.66 billion, a PE ratio of 12.35, a P/E/G ratio of 1.17 and a beta of 0.63. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.95 EPS. Equities research analysts anticipate that Travelers Companies will post 18.84 earnings per share for the current year.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by insiders.

Institutional Trading of Travelers Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. &PARTNERS purchased a new position in Travelers Companies during the 2nd quarter valued at $413,000. Retirement Systems of Alabama boosted its stake in shares of Travelers Companies by 0.3% during the second quarter. Retirement Systems of Alabama now owns 50,513 shares of the insurance provider’s stock valued at $10,271,000 after purchasing an additional 147 shares during the period. Atlantic Union Bankshares Corp grew its holdings in shares of Travelers Companies by 33.2% in the second quarter. Atlantic Union Bankshares Corp now owns 9,163 shares of the insurance provider’s stock worth $1,863,000 after purchasing an additional 2,283 shares during the last quarter. AMG National Trust Bank increased its stake in Travelers Companies by 27.7% in the 2nd quarter. AMG National Trust Bank now owns 4,753 shares of the insurance provider’s stock worth $966,000 after buying an additional 1,032 shares during the period. Finally, Northcape Wealth Management LLC increased its stake in Travelers Companies by 14.3% in the 2nd quarter. Northcape Wealth Management LLC now owns 2,400 shares of the insurance provider’s stock worth $488,000 after buying an additional 300 shares during the period. 82.45% of the stock is owned by hedge funds and other 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.