Travelers Companies (NYSE:TRV) Lowered to Hold at StockNews.com

StockNews.com lowered shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a research report report published on Sunday.

Several other brokerages also recently weighed in on TRV. Piper Sandler reaffirmed a neutral rating and set a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. Royal Bank of Canada reissued a sector perform rating and issued a $225.00 price objective on shares of Travelers Companies in a research report on Monday, June 24th. The Goldman Sachs Group increased their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the company a sell rating in a research report on Friday, April 12th. William Blair reissued a market perform rating on shares of Travelers Companies in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the company an underweight rating in a research report on Thursday, July 11th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of Hold and an average price target of $220.67.

Travelers Companies Price Performance

Shares of TRV opened at $220.80 on Friday. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The firm’s 50 day moving average price is $210.81 and its 200 day moving average price is $213.52. The company has a market cap of $50.56 billion, a P/E ratio of 16.40, a PEG ratio of 1.26 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same period in the previous year, the company earned $4.11 earnings per share. Travelers Companies’s quarterly revenue was up 15.7% on a year-over-year basis. On average, research analysts forecast that Travelers Companies will post 17.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,635 shares of company stock worth $3,980,827. Corporate insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after purchasing an additional 3,158,979 shares during the period. Norges Bank acquired a new position in Travelers Companies during the fourth quarter worth $282,593,000. International Assets Investment Management LLC raised its position in Travelers Companies by 19,918.1% in the fourth quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock worth $90,641,000 after acquiring an additional 473,453 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Travelers Companies in the first quarter valued at $88,190,000. Finally, Boston Partners lifted its holdings in Travelers Companies by 42.5% in the fourth quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock valued at $227,175,000 after acquiring an additional 355,489 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

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.