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

Travelers Companies (NYSE:TRV - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report issued on Thursday.

Other analysts have also issued research reports about the company. HSBC increased their target price on Travelers Companies from $218.00 to $240.00 and gave the stock a "hold" rating in a research note on Thursday, April 4th. The Goldman Sachs Group increased their target price on Travelers Companies from $186.00 to $212.00 and gave the stock a "sell" rating in a research note on Friday, April 12th. Morgan Stanley increased their target price on Travelers Companies from $222.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Monday. Piper Sandler reiterated a "neutral" rating and issued a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. Finally, TD Cowen began coverage on Travelers Companies in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $247.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $218.39.

Travelers Companies Trading Up 1.9 %

NYSE:TRV traded up $3.88 during midday trading on Thursday, hitting $210.46. 2,048,292 shares of the company traded hands, compared to its average volume of 1,500,989. The firm's fifty day moving average is $221.80 and its 200-day moving average is $196.27. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $232.75. The firm has a market capitalization of $48.22 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.17 and a beta of 0.58. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV - Get Free Report) last released 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). Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The company had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $10.62 billion. During the same quarter in the previous year, the company posted $4.11 EPS. The business's quarterly revenue was up 15.7% on a year-over-year basis. On average, sell-side analysts predict that Travelers Companies will post 17.64 EPS for the current year.

Insider Activity at Travelers Companies

In related news, SVP Paul E. Munson sold 2,121 shares of the firm's stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the sale, the senior vice president now owns 719 shares of the company's stock, valued at $153,046.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now owns 255,178 shares of the company's stock, valued at $54,291,671.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Paul E. Munson sold 2,121 shares of the firm's stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the sale, the senior vice president now directly owns 719 shares of the company's stock, valued at approximately $153,046.34. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock valued at $23,343,903 over the last quarter. 1.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Several institutional investors have recently added to or reduced their stakes in the business. Applied Capital LLC FL boosted its holdings in Travelers Companies by 3.8% in the first quarter. Applied Capital LLC FL now owns 16,499 shares of the insurance provider's stock worth $3,797,000 after acquiring an additional 602 shares in the last quarter. Narus Financial Partners LLC purchased a new position in shares of Travelers Companies in the first quarter worth about $209,000. Cullinan Associates Inc. raised its stake in shares of Travelers Companies by 159.8% in the first quarter. Cullinan Associates Inc. now owns 34,164 shares of the insurance provider's stock worth $7,863,000 after purchasing an additional 21,014 shares during the last quarter. Tributary Capital Management LLC purchased a new position in shares of Travelers Companies in the first quarter worth about $45,000. Finally, Oak Thistle LLC purchased a new position in shares of Travelers Companies in the first quarter worth about $255,000. Institutional investors and hedge funds 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.

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