Travelers Companies (NYSE:TRV) Downgraded by StockNews.com to “Hold”

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

TRV has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their price target on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Citigroup boosted their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Piper Sandler reduced their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Finally, Bank of America upped their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $227.05.

Travelers Companies Trading Up 1.2 %

Travelers Companies stock traded up $2.81 during mid-day trading on Thursday, hitting $234.11. The stock had a trading volume of 1,019,523 shares, compared to its average volume of 1,344,656. The stock has a 50-day simple moving average of $217.40 and a two-hundred day simple moving average of $216.76. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $53.61 billion, a PE ratio of 17.39, a P/E/G ratio of 1.22 and a beta of 0.62. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $242.89.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the prior year, the firm earned $0.06 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Travelers Companies will post 17.19 EPS for the current year.

Insider Transactions at Travelers Companies

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

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd bought a new stake in Travelers Companies during the second quarter worth about $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies during the 1st quarter worth approximately $35,000. Beacon Capital Management LLC boosted its position in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Travelers Companies in the first quarter valued at approximately $42,000. Finally, Tributary Capital Management LLC acquired a new position in Travelers Companies during the first quarter valued at approximately $45,000. 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.