Travelers Companies (NYSE:TRV) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a research report report published on Sunday morning.

Several other analysts also recently weighed in on TRV. The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a research note on Friday. UBS Group lifted their price target on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Barclays set a $313.00 price target on Travelers Companies in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $292.47.

Travelers Companies Stock Up 0.3%

Shares of Travelers Companies stock opened at $262.31 on Friday. The business has a 50-day moving average of $273.93 and a 200-day moving average of $266.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $58.51 billion, a PE ratio of 10.31, a P/E/G ratio of 2.51 and a beta of 0.51. Travelers Companies has a 1-year low of $230.23 and a 1-year high of $287.95.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. The company had revenue of $11.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $5.24 earnings per share. As a group, equities analysts forecast that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

Insider Buying and Selling

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds have recently made changes to their positions in the business. Everpar Advisors LLC raised its holdings in shares of Travelers Companies by 5.4% during the third quarter. Everpar Advisors LLC now owns 1,168 shares of the insurance provider’s stock valued at $326,000 after buying an additional 60 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Travelers Companies by 8.1% during the third quarter. Perigon Wealth Management LLC now owns 40,110 shares of the insurance provider’s stock valued at $11,200,000 after buying an additional 2,998 shares during the last quarter. Parisi Gray Wealth Management bought a new stake in shares of Travelers Companies during the third quarter valued at approximately $207,000. BankPlus Trust Department bought a new stake in shares of Travelers Companies during the third quarter valued at approximately $209,000. Finally, Apella Capital LLC bought a new stake in shares of Travelers Companies during the third quarter valued at approximately $218,000. Institutional investors 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.