Travelers Companies (NYSE:TRV) Stock Rating Lowered by StockNews.com

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

Other analysts have also recently issued reports about the stock. Piper Sandler lowered their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Citigroup raised their price target on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Barclays increased their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upped their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $251.15.

Travelers Companies Stock Performance

TRV stock opened at $261.15 on Monday. Travelers Companies has a 1-year low of $174.60 and a 1-year high of $269.55. The business has a 50-day moving average price of $246.33 and a 200 day moving average price of $225.62. The company has a market capitalization of $59.29 billion, a P/E ratio of 13.39, a PEG ratio of 1.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.95 EPS. As a group, equities research analysts forecast that Travelers Companies will post 18.64 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. Travelers Companies’s payout ratio is 21.54%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares in the company, valued at approximately $446,671.75. This represents a 69.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,409 shares of company stock worth $19,305,504. 1.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently made changes to their positions in TRV. Y.D. More Investments Ltd acquired a new stake in Travelers Companies during the 2nd quarter worth $25,000. Pathway Financial Advisers LLC acquired a new position in Travelers Companies during the first quarter worth about $35,000. Beacon Capital Management LLC grew its stake in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Travelers Companies during the 3rd quarter worth approximately $41,000. Hedge funds and other 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.