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

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

Several other analysts have also weighed in on the stock. Roth Mkm raised their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Royal Bank of Canada raised their price target on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Wells Fargo & Company boosted their price objective on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Citigroup raised their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Finally, UBS Group increased their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $247.90.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $262.69 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The business’s fifty day moving average price is $244.87 and its two-hundred day moving average price is $224.82. Travelers Companies has a fifty-two week low of $170.88 and a fifty-two week high of $269.55. The stock has a market capitalization of $59.64 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, analysts predict that Travelers Companies will post 18.64 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio is presently 21.54%.

Insider Buying and Selling

In other news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 2,014 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies in the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies in the 1st quarter valued at $35,000. Beacon Capital Management LLC lifted its position in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of Travelers Companies in the 3rd quarter valued at approximately $41,000. 82.45% of the stock is currently owned by institutional investors.

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.