Travelers Companies (NYSE:TRV) Downgraded by TD Cowen

Travelers Companies (NYSE:TRV) was downgraded by investment analysts at TD Cowen from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, Briefing.com reports. They presently have a $230.00 price objective on the insurance provider’s stock, down from their prior price objective of $252.00. TD Cowen’s price target indicates a potential upside of 8.70% from the company’s current price.

A number of other research firms have also commented on TRV. Jefferies Financial Group decreased their price objective on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, April 19th. Morgan Stanley dropped their price target on Travelers Companies from $223.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler reissued a “neutral” rating and issued a $213.00 price objective on shares of Travelers Companies in a research note on Monday, April 1st. JPMorgan Chase & Co. upped their target price on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a report on Thursday. Finally, UBS Group decreased their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $220.67.

Travelers Companies Price Performance

NYSE TRV opened at $211.60 on Monday. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $232.75. The business’s fifty day moving average is $210.78 and its two-hundred day moving average is $213.11. The stock has a market capitalization of $48.45 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.25 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.11 EPS. On average, research analysts forecast that Travelers Companies will post 17.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at approximately $3,941,843.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the transaction, the chief financial officer now owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,635 shares of company stock valued at $3,980,827. Insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds have recently modified their holdings of the business. Unison Advisors LLC boosted its holdings in Travelers Companies by 0.4% in the 2nd quarter. Unison Advisors LLC now owns 15,165 shares of the insurance provider’s stock valued at $3,084,000 after purchasing an additional 67 shares during the period. Bruce G. Allen Investments LLC grew its position in Travelers Companies by 11.1% during the second quarter. Bruce G. Allen Investments LLC now owns 652 shares of the insurance provider’s stock worth $133,000 after buying an additional 65 shares in the last quarter. QRG Capital Management Inc. grew its position in Travelers Companies by 2.0% during the second quarter. QRG Capital Management Inc. now owns 54,845 shares of the insurance provider’s stock worth $11,152,000 after buying an additional 1,097 shares in the last quarter. Sax Wealth Advisors LLC acquired a new position in Travelers Companies in the 2nd quarter valued at approximately $410,000. Finally, First National Corp MA ADV lifted its position in shares of Travelers Companies by 2.8% in the 2nd quarter. First National Corp MA ADV now owns 2,424 shares of the insurance provider’s stock worth $493,000 after acquiring an additional 67 shares during the period. 82.45% of the stock is owned by 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.