Travelers Companies (NYSE:TRV) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a report published on Friday morning.

Other equities research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Bank of America lifted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. UBS Group upped their price objective on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Jefferies Financial Group lifted their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets upped their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $251.70.

Travelers Companies Stock Up 1.3 %

Shares of NYSE TRV opened at $240.76 on Friday. The stock has a market capitalization of $54.66 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. Travelers Companies has a 52 week low of $182.76 and a 52 week high of $269.55. The firm has a 50-day moving average price of $253.97 and a 200 day moving average price of $231.43. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly 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 return on equity of 17.69% and a net margin of 10.02%. 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 previous year, the company earned $1.95 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts anticipate that Travelers Companies will post 18.84 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.74%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Insider Activity at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock valued at $20,295,856 over the last ninety days. Corporate insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

A number of institutional investors and hedge funds have recently modified their holdings of the business. &PARTNERS acquired a new stake in Travelers Companies during the second quarter worth about $413,000. Retirement Systems of Alabama lifted its holdings in shares of Travelers Companies by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 50,513 shares of the insurance provider’s stock worth $10,271,000 after purchasing an additional 147 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in Travelers Companies by 33.2% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 9,163 shares of the insurance provider’s stock worth $1,863,000 after buying an additional 2,283 shares during the last quarter. AMG National Trust Bank increased its position in Travelers Companies by 27.7% in the second quarter. AMG National Trust Bank now owns 4,753 shares of the insurance provider’s stock worth $966,000 after buying an additional 1,032 shares during the period. Finally, Northcape Wealth Management LLC lifted its stake in Travelers Companies by 14.3% in the second quarter. Northcape Wealth Management LLC now owns 2,400 shares of the insurance provider’s stock valued at $488,000 after buying an additional 300 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

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.