Travelers Companies (NYSE:TRV) Stock Rating Lowered by Barclays

Travelers Companies (NYSE:TRV - Get Free Report) was downgraded by equities research analysts at Barclays from an "overweight" rating to an "equal weight" rating in a research report issued on Monday, MarketBeat Ratings reports. They currently have a $274.00 target price on the insurance provider's stock, down from their previous target price of $280.00. Barclays's price target would indicate a potential upside of 7.03% from the company's previous close.

Other analysts also recently issued research reports about the company. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Wells Fargo & Company raised their price objective on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. Finally, UBS Group reduced their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus target price of $271.00.

Travelers Companies Stock Performance

TRV traded up $0.69 during midday trading on Monday, reaching $256.01. The company's stock had a trading volume of 1,242,600 shares, compared to its average volume of 1,289,794. The stock has a market cap of $57.82 billion, a P/E ratio of 13.94, a PEG ratio of 3.75 and a beta of 0.51. The company has a fifty day simple moving average of $267.48 and a 200 day simple moving average of $255.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. Travelers Companies has a twelve month low of $202.95 and a twelve month high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same quarter last year, the firm posted $4.69 EPS. Research analysts expect that Travelers Companies will post 17.02 earnings per share for the current year.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the sale, the chief financial officer directly owned 26,932 shares of the company's stock, valued at approximately $7,365,363.36. This trade represents a 42.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the completion of the sale, the insider directly owned 48,387 shares of the company's stock, valued at $13,254,650.91. This trade represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC increased its stake in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after buying an additional 84 shares during the period. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth $26,000. Ameriflex Group Inc. acquired a new stake in shares of Travelers Companies during the fourth quarter worth $26,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies during the first quarter worth $26,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies during the fourth quarter worth $30,000. 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.