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

Travelers Companies (NYSE:TRV) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

TRV has been the subject of a number of other research reports. Wells Fargo & Company increased their price target on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. BMO Capital Markets upped their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Piper Sandler cut their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Finally, Roth Mkm raised their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $247.90.

Travelers Companies Trading Up 0.7 %

NYSE:TRV traded up $1.87 on Monday, hitting $262.69. The stock had a trading volume of 1,099,743 shares, compared to its average volume of 1,303,548. The company has a fifty day moving average price of $244.87 and a two-hundred day moving average price of $224.82. The stock has a market cap of $59.64 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.25 and a beta of 0.62. Travelers Companies has a 1-year low of $170.88 and a 1-year high of $269.55. 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 announced its quarterly earnings data 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 company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the prior year, the firm posted $1.95 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts expect that Travelers Companies will post 18.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is owned by insiders.

Institutional Trading of Travelers Companies

A number of hedge funds have recently bought and sold shares of TRV. Quent Capital LLC grew its position in Travelers Companies by 19.7% during the first quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock worth $316,000 after buying an additional 226 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Travelers Companies during the 1st quarter valued at $235,000. Ameritas Investment Partners Inc. raised its holdings in Travelers Companies by 25.9% in the 1st quarter. Ameritas Investment Partners Inc. now owns 3,195 shares of the insurance provider’s stock worth $735,000 after purchasing an additional 657 shares during the period. UniSuper Management Pty Ltd lifted its position in shares of Travelers Companies by 254.9% in the first quarter. UniSuper Management Pty Ltd now owns 7,336 shares of the insurance provider’s stock valued at $1,688,000 after acquiring an additional 5,269 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Travelers Companies by 67.2% in the first quarter. Bessemer Group Inc. now owns 16,201 shares of the insurance provider’s stock worth $3,729,000 after purchasing an additional 6,513 shares during the last quarter. 82.45% of the stock is currently owned by 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.