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

Travelers Companies (NYSE:TRV) was downgraded by Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays upped their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company increased their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Stock Performance

NYSE:TRV opened at $259.50 on Monday. Travelers Companies has a 12-month low of $200.21 and a 12-month high of $269.56. The firm has a market capitalization of $58.84 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The firm has a 50-day moving average price of $249.27 and a 200 day moving average price of $247.54. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $7.01 earnings per share. Research analysts anticipate that Travelers Companies will post 17.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Travelers Companies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after purchasing an additional 41 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Travelers Companies by 3.3% during the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after acquiring an additional 43 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 44 shares during the period. Somerset Trust Co lifted its holdings in Travelers Companies by 5.2% during the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after buying an additional 45 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of Travelers Companies by 3.8% in the third quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider’s stock valued at $294,000 after purchasing an additional 46 shares during the period. Institutional investors own 82.45% of the company’s stock.

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.