Travelers Companies (NYSE:TRV) Stock Rating Lowered by StockNews.com

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

TRV has been the subject of several other reports. The Goldman Sachs Group upped their target price on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday. UBS Group increased their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their price target for the company from $252.00 to $230.00 in a report on Monday, July 15th. Citigroup increased their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company boosted their target price on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research note on Monday. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $247.90.

Travelers Companies Price Performance

Shares of TRV opened at $256.38 on Wednesday. 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 firm has a market cap of $58.71 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.28 and a beta of 0.62. Travelers Companies has a 52 week low of $158.22 and a 52 week high of $269.55. The stock has a 50 day moving average of $234.71 and a 200-day moving average of $220.20.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping 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 analysts’ expectations of $11.46 billion. During the same period in the prior year, the company earned $1.95 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts forecast that Travelers Companies will post 18.24 EPS for the current year.

Insider Buying and Selling at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 1,715 shares in the company, valued at $446,671.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,465 shares of company stock valued at $14,910,886 in the last 90 days. 1.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

A number of large investors have recently modified their holdings of TRV. Y.D. More Investments Ltd bought a new position in Travelers Companies in the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies in the first quarter valued at about $35,000. Beacon Capital Management LLC lifted its stake in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the period. Wolff Wiese Magana LLC boosted its holdings in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the last quarter. Finally, Tributary Capital Management LLC bought a new stake in shares of Travelers Companies in the 1st quarter valued at about $45,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.