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

StockNews.com downgraded shares of Travelers Companies (NYSE:TRVFree Report) from a buy rating to a hold rating in a research note published on Thursday.

A number of other equities research analysts have also weighed in on TRV. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $194.00 to $213.00 and gave the company an underweight rating in a research report on Monday, April 8th. The Goldman Sachs Group lifted their target price on Travelers Companies from $186.00 to $212.00 and gave the company a sell rating in a research report on Friday, April 12th. Evercore ISI decreased their target price on Travelers Companies from $253.00 to $250.00 and set an outperform rating for the company in a research report on Thursday. HSBC lifted their target price on Travelers Companies from $218.00 to $240.00 and gave the company a hold rating in a research report on Thursday, April 4th. Finally, Oppenheimer reaffirmed a market perform rating on shares of Travelers Companies in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $222.88.

Get Our Latest Analysis on TRV

Travelers Companies Price Performance

TRV opened at $214.07 on Thursday. The business has a fifty day moving average of $221.79 and a 200 day moving average of $197.12. Travelers Companies has a 52-week low of $157.33 and a 52-week 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 stock has a market cap of $49.02 billion, a P/E ratio of 15.90, a PEG ratio of 1.12 and a beta of 0.58.

Travelers Companies (NYSE:TRVGet Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the previous year, the firm earned $4.11 EPS. Travelers Companies’s revenue was up 15.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Travelers Companies will post 17.66 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. Travelers Companies’s payout ratio is presently 29.72%.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 12,287 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the transaction, the executive vice president now directly owns 14,080 shares in the company, valued at approximately $2,966,374.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the sale, the executive vice president now owns 14,080 shares in the company, valued at approximately $2,966,374.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock worth $23,343,903 in the last ninety days. 1.33% of the stock is owned by insiders.

Institutional Trading of Travelers Companies

Several large investors have recently added to or reduced their stakes in TRV. First Command Advisory Services Inc. purchased a new stake in Travelers Companies during the 3rd quarter valued at about $26,000. Arlington Trust Co LLC purchased a new stake in shares of Travelers Companies in the third quarter worth about $27,000. FWL Investment Management LLC purchased a new stake in shares of Travelers Companies in the fourth quarter worth about $28,000. Quarry LP purchased a new stake in shares of Travelers Companies in the first quarter worth about $31,000. Finally, Northwest Financial Advisors purchased a new stake in shares of Travelers Companies in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

About Travelers Companies

(Get Free Report)

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.

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Analyst Recommendations for Travelers Companies (NYSE:TRV)

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