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

Travelers Companies (NYSE:TRV) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Several other research analysts have also recently issued reports on TRV. UBS Group upped their price objective on Travelers Companies from $205.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. Roth Mkm reaffirmed a “buy” rating and set a $240.00 price objective on shares of Travelers Companies in a research report on Thursday. Morgan Stanley upped their price objective on Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday. Citigroup upped their price objective on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, The Goldman Sachs Group upped their price objective on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $218.39.

Travelers Companies Stock Up 1.9 %

NYSE TRV traded up $3.88 during trading hours on Thursday, hitting $210.46. 2,048,292 shares of the company were exchanged, compared to its average volume of 1,500,989. The company has a 50 day moving average of $221.80 and a two-hundred day moving average of $196.27. 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 has a 52-week low of $157.33 and a 52-week high of $232.75. The firm has a market cap of $48.22 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.17 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last issued its quarterly 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). The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.11 EPS. Equities research analysts anticipate that Travelers Companies will post 17.64 earnings per share for the current year.

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 26,633 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

A number of large investors have recently modified their holdings of TRV. Fairfield Bush & CO. purchased a new position in shares of Travelers Companies during the 1st quarter worth approximately $160,000. Cibc World Market Inc. raised its stake in shares of Travelers Companies by 28.8% during the 1st quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock worth $1,084,000 after buying an additional 1,327 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Travelers Companies by 1.0% during the 1st quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock worth $2,210,000 after buying an additional 115 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Travelers Companies by 40.6% during the 1st quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock worth $9,420,000 after buying an additional 14,873 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Travelers Companies by 5.0% during the 1st quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock worth $4,952,000 after buying an additional 1,286 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

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.