Keefe, Bruyette & Woods Lowers Travelers Companies (NYSE:TRV) to Underperform

Keefe, Bruyette & Woods lowered shares of Travelers Companies (NYSE:TRV) from a market perform rating to an underperform rating in a research report sent to investors on Friday, BenzingaRatingsTable reports. They currently have $125.00 price target on the insurance provider’s stock, down from their prior price target of $144.00.

TRV has been the topic of a number of other reports. Deutsche Bank upgraded Travelers Companies from a sell rating to a hold rating and set a $140.00 target price on the stock in a research report on Tuesday, October 22nd. Evercore ISI assumed coverage on Travelers Companies in a research report on Thursday, October 17th. They issued an underperform rating and a $128.00 target price on the stock. Barclays decreased their target price on Travelers Companies from $177.00 to $174.00 and set an overweight rating on the stock in a research report on Wednesday, October 2nd. MKM Partners upgraded Travelers Companies from a neutral rating to a buy rating and upped their price objective for the company from $130.00 to $160.00 in a research report on Monday, October 28th. Finally, Bank of America downgraded Travelers Companies from a buy rating to a neutral rating and set a $156.00 price objective on the stock. in a research report on Wednesday, September 18th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Travelers Companies currently has a consensus rating of Hold and an average price target of $147.57.

NYSE:TRV opened at $135.51 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $35.52 billion, a P/E ratio of 15.16, a P/E/G ratio of 1.37 and a beta of 0.90. Travelers Companies has a 12 month low of $119.27 and a 12 month high of $155.09. The business’s 50-day moving average is $136.15 and its 200 day moving average is $142.57.

Travelers Companies (NYSE:TRV) last posted its earnings results on Tuesday, October 22nd. The insurance provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $2.35 by ($0.92). The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.17 billion. Travelers Companies had a return on equity of 9.13% and a net margin of 7.57%. Travelers Companies’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.54 earnings per share. On average, research analysts forecast that Travelers Companies will post 9.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.28 dividend on an annualized basis and a yield of 2.42%. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,185 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $136.20, for a total transaction of $297,597.00. Following the sale, the insider now directly owns 241,930 shares in the company, valued at $32,950,866. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.73% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRV. Arjuna Capital grew its stake in shares of Travelers Companies by 2.4% during the second quarter. Arjuna Capital now owns 10,664 shares of the insurance provider’s stock valued at $1,594,000 after buying an additional 246 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Travelers Companies by 4.7% in the second quarter. Canada Pension Plan Investment Board now owns 62,385 shares of the insurance provider’s stock worth $9,328,000 after purchasing an additional 2,812 shares in the last quarter. Glen Harbor Capital Management LLC grew its stake in Travelers Companies by 124.9% in the second quarter. Glen Harbor Capital Management LLC now owns 14,420 shares of the insurance provider’s stock worth $2,156,000 after purchasing an additional 8,008 shares in the last quarter. Meadow Creek Investment Management LLC grew its stake in Travelers Companies by 124.9% in the second quarter. Meadow Creek Investment Management LLC now owns 11,330 shares of the insurance provider’s stock worth $1,694,000 after purchasing an additional 6,292 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in Travelers Companies by 3.0% during the 2nd quarter. Pictet Asset Management Ltd. now owns 425,373 shares of the insurance provider’s stock valued at $63,602,000 after acquiring an additional 12,357 shares in the last quarter. 80.58% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Travelers Companies (NYSE:TRV)

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