Travelers Companies (NYSE:TRV) Downgraded by Evercore to “Hold”

Evercore lowered shares of Travelers Companies (NYSE:TRV) from a strong-buy rating to a hold rating in a report released on Friday morning,Zacks.com reports.

TRV has been the topic of a number of other reports. Morgan Stanley upped their target price on shares of Travelers Companies from $310.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. HSBC increased their price objective on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Roth Capital reissued a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $333.11.

Travelers Companies Price Performance

Shares of TRV stock traded up $1.31 during trading hours on Friday, hitting $338.80. 1,074,530 shares of the company’s stock were exchanged, compared to its average volume of 2,039,502. Travelers Companies has a 52 week low of $249.19 and a 52 week high of $349.35. The stock has a market cap of $72.04 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 3.03 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock’s 50-day moving average is $310.19 and its 200-day moving average is $299.76.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the previous year, the business posted $1.91 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, research analysts forecast that Travelers Companies will post 28.13 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.5%. Travelers Companies’s payout ratio is currently 14.88%.

Insider Activity

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. This represents a 51.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Avrohom J. Kess sold 6,735 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the sale, the insider owned 48,737 shares in the company, valued at approximately $15,049,010.86. This trade represents a 12.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Travelers Companies in the fourth quarter valued at about $24,167,000. Rit Capital Partners PLC bought a new position in shares of Travelers Companies during the fourth quarter worth about $39,450,000. Robeco Institutional Asset Management B.V. raised its position in Travelers Companies by 17.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock valued at $261,616,000 after buying an additional 133,152 shares during the last quarter. AIA Group Ltd bought a new stake in Travelers Companies in the 3rd quarter valued at approximately $1,773,000. Finally, Danske Bank A S bought a new stake in Travelers Companies in the 3rd quarter valued at approximately $52,339,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Truist initiated coverage on Travelers with a Buy rating and a $395 price target, which implies meaningful upside from current levels.
• Positive Sentiment: Wells Fargo raised its price target to $334 and Mizuho lifted its target to $324, signaling continued confidence in the insurer’s valuation and fundamentals.
• Positive Sentiment: Dowling & Partners increased its FY2026 EPS estimate for Travelers to $28.00, nearly matching the Street consensus and reinforcing expectations for solid earnings performance.
• Positive Sentiment: Zacks highlighted Travelers’ strong earnings surprise history and said the company has the right setup to beat estimates again in the next report, adding to bullish sentiment ahead of earnings. Article: Will Travelers (TRV) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Another Zacks note said Travelers is expected to beat earnings estimates in its upcoming Q2 release, keeping investor focus on a potentially strong earnings event. Article: Travelers (TRV) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
• Neutral Sentiment: Brokerage sentiment remains mixed overall, with an average recommendation of Hold, suggesting analysts are constructive but not universally bullish.
• Neutral Sentiment: Travelers is scheduled to report quarterly earnings soon, and traders appear to be positioning ahead of the results. Article: Travelers Companies (TRV) Expected to Announce Quarterly Earnings on Friday
• Negative Sentiment: Some analyst targets remain below the current share price, implying limited short-term upside if results fail to impress.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.