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 note published on Wednesday morning.

Several other equities research analysts have also weighed in on the company. Piper Sandler reduced their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Bank of America upped their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Jefferies Financial Group upped their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group lifted their price objective on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average price target of $247.90.

Travelers Companies Stock Performance

Shares of TRV opened at $257.35 on Wednesday. The firm has a market cap of $58.66 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. The company’s fifty day moving average is $234.71 and its 200-day moving average is $220.20. The company has a quick ratio of 0.33, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS 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 firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the prior year, the business posted $1.95 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Equities analysts expect that Travelers Companies will post 17.45 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. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the sale, the executive vice president now owns 1,715 shares of the company’s stock, valued at $446,671.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.

Institutional Trading of Travelers Companies

Large investors have recently added to or reduced their stakes in the company. Ledyard National Bank boosted its holdings in shares of Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after acquiring an additional 39 shares in the last quarter. Trueblood Wealth Management LLC raised its position in Travelers Companies by 2.3% in the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after purchasing an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. boosted its stake in Travelers Companies by 2.9% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after purchasing an additional 42 shares in the last quarter. Willner & Heller LLC grew its holdings in shares of Travelers Companies by 4.1% during the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 45 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its stake in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares in the last quarter. 82.45% of the stock is 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.