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

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

Several other brokerages have also issued reports on TRV. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Barclays began coverage on Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective for the company. Piper Sandler dropped their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Morgan Stanley decreased their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Finally, Citigroup boosted their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $227.05.

Travelers Companies Stock Performance

Shares of TRV stock opened at $236.11 on Friday. The firm has a market capitalization of $53.82 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.24 and a beta of 0.62. The stock has a fifty day moving average of $223.62 and a 200 day moving average of $218.13. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $243.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the previous year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts expect that Travelers Companies will post 17.19 earnings per share for the current year.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.33% of the stock is owned by insiders.

Institutional Trading of Travelers Companies

Several large investors have recently added to or reduced their stakes in TRV. Gryphon Financial Partners LLC lifted its position in shares of Travelers Companies by 35.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,381 shares of the insurance provider’s stock valued at $444,000 after buying an additional 623 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of Travelers Companies by 11.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,872 shares of the insurance provider’s stock worth $547,000 after purchasing an additional 303 shares during the period. Bank of Nova Scotia increased its stake in shares of Travelers Companies by 552.8% in the fourth quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock worth $31,631,000 after purchasing an additional 140,622 shares in the last quarter. Alpha DNA Investment Management LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $207,000. Finally, FinTrust Capital Advisors LLC lifted its stake in shares of Travelers Companies by 6.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 3,366 shares of the insurance provider’s stock valued at $641,000 after buying an additional 201 shares in 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.