Travelers Companies (NYSE:TRV) Upgraded to Hold at Mizuho

Travelers Companies (NYSE:TRV) was upgraded by equities research analysts at Mizuho to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a report on Thursday, October 9th. Morgan Stanley raised their price objective on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Barclays set a $313.00 target price on Travelers Companies in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $294.25.

Travelers Companies Stock Performance

NYSE:TRV opened at $289.56 on Monday. The stock has a 50-day moving average price of $279.49 and a 200 day moving average price of $272.27. The stock has a market capitalization of $64.59 billion, a P/E ratio of 11.39, a P/E/G ratio of 2.86 and a beta of 0.53. Travelers Companies has a 12-month low of $230.23 and a 12-month high of $296.85. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same period in the prior year, the company posted $5.24 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts forecast that Travelers Companies will post 17.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the sale, the chief financial officer directly owned 26,932 shares in the company, valued at $7,493,829. This represents a 48.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 46,295 shares of company stock valued at $13,011,918. Insiders own 1.46% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Travelers Companies by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock worth $5,898,456,000 after purchasing an additional 313,449 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Travelers Companies by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock valued at $2,162,917,000 after buying an additional 119,481 shares during the period. Geode Capital Management LLC grew its stake in shares of Travelers Companies by 1.0% during the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock valued at $1,481,805,000 after buying an additional 54,363 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Travelers Companies by 71,265.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after buying an additional 3,611,758 shares during the period. Finally, Norges Bank bought a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $815,013,000. Institutional investors own 82.45% of the company’s stock.

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.