Travelers Companies (NYSE:TRV) Downgraded by Hsbc Global Res to Hold

Travelers Companies (NYSE:TRV) was downgraded by research analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on TRV. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Barclays upped their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a report on Monday. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company lifted their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $260.00.

Travelers Companies Stock Up 0.0 %

TRV opened at $259.50 on Monday. The business’s fifty day simple moving average is $249.27 and its 200 day simple moving average is $247.54. Travelers Companies has a 52 week low of $200.21 and a 52 week high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $58.84 billion, a PE ratio of 12.09, a P/E/G ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $7.01 EPS. As a group, research analysts expect that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Institutional Trading of Travelers Companies

A number of hedge funds and other institutional investors have recently modified their holdings of TRV. Summit Trail Advisors LLC increased its stake in shares of Travelers Companies by 36.6% during the third quarter. Summit Trail Advisors LLC now owns 2,305 shares of the insurance provider’s stock valued at $540,000 after purchasing an additional 618 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Travelers Companies during the 3rd quarter valued at approximately $1,106,000. Harvest Fund Management Co. Ltd raised its stake in Travelers Companies by 1,405.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 527 shares of the insurance provider’s stock valued at $123,000 after buying an additional 492 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Travelers Companies by 36.2% in the third quarter. Brown Brothers Harriman & Co. now owns 561 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 149 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd grew its stake in shares of Travelers Companies by 1.7% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 28,250 shares of the insurance provider’s stock worth $6,614,000 after acquiring an additional 485 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

About Travelers Companies

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.