Travelers Companies (NYSE:TRV) Cut to “Hold” at TD Cowen

TD Cowen lowered shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a report released on Monday morning, MarketBeat.com reports. They currently have $230.00 target price on the insurance provider’s stock, down from their previous target price of $252.00.

Other research analysts have also recently issued research reports about the stock. William Blair reiterated a market perform rating on shares of Travelers Companies in a report on Friday, June 28th. Oppenheimer restated a market perform rating on shares of Travelers Companies in a report on Friday, April 5th. StockNews.com cut shares of Travelers Companies from a buy rating to a hold rating in a report on Sunday. The Goldman Sachs Group increased their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a sell rating in a report on Friday, April 12th. Finally, Roth Mkm restated a buy rating and set a $240.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of Hold and an average price target of $220.67.

Travelers Companies Stock Up 1.4 %

Travelers Companies stock opened at $220.80 on Monday. The stock has a market capitalization of $50.56 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.26 and a beta of 0.61. Travelers Companies has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $210.81 and a 200-day moving average of $213.52.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.11 EPS. On average, equities research analysts anticipate that Travelers Companies will post 17.17 EPS for the current fiscal year.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,877,860.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is owned by insiders.

Institutional Trading of Travelers Companies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Quarterback LLC increased its holdings in Travelers Companies by 1.1% in the 4th quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after buying an additional 49 shares during the period. Kapitalo Investimentos Ltda increased its holdings in Travelers Companies by 24.1% in the 4th quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after buying an additional 49 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in Travelers Companies by 9.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after buying an additional 50 shares during the period. Norwood Financial Corp increased its holdings in Travelers Companies by 16.1% in the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after buying an additional 50 shares during the period. Finally, Grimes & Company Inc. increased its holdings in Travelers Companies by 2.2% in the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock valued at $461,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.