Travelers Companies (NYSE:TRV) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Travelers Companies has been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen, indicating a shift in market sentiment towards the stock.
• The stock has a consensus price target of $282.69, with a mix of ratings from analysts: two sell, eleven hold, and six buy ratings.
• In the latest earnings report, Travelers Companies posted $6.51 EPS, significantly above analyst expectations, highlighting strong financial performance with a 7.4% year-over-year revenue growth.

Travelers Companies (NYSE:TRV - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other research analysts have also issued reports on TRV. Citigroup restated a "market perform" rating on shares of Travelers Companies in a research report on Monday, July 21st. Wells Fargo & Company boosted their price objective on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Evercore ISI boosted their price objective on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Finally, UBS Group boosted their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $282.69.

Travelers Companies Price Performance

Shares of TRV opened at $265.00 on Friday. The firm has a market cap of $59.66 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 3.07 and a beta of 0.51. The stock has a 50 day moving average of $263.16 and a 200-day moving average of $258.58. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. Travelers Companies has a 52 week low of $208.63 and a 52 week high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The business's revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.51 EPS. As a group, analysts forecast that Travelers Companies will post 17.02 EPS for the current year.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the transaction, the chief financial officer directly owned 26,932 shares of the company's stock, valued at $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 15,180 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the completion of the sale, the executive vice president owned 6,075 shares in the company, valued at approximately $1,657,685.25. This trade represents a 71.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,374 shares of company stock valued at $47,929,912. Company insiders own 1.46% of the company's stock.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tortoise Investment Management LLC lifted its holdings in Travelers Companies by 8.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,047 shares of the insurance provider's stock valued at $280,000 after acquiring an additional 86 shares during the last quarter. MTM Investment Management LLC acquired a new stake in Travelers Companies in the 2nd quarter valued at about $196,000. Rockefeller Capital Management L.P. lifted its holdings in Travelers Companies by 23.8% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 33,650 shares of the insurance provider's stock valued at $9,003,000 after acquiring an additional 6,463 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Travelers Companies during the second quarter valued at $1,182,000. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of Travelers Companies by 8.1% during the second quarter. Avantax Advisory Services Inc. now owns 30,407 shares of the insurance provider's stock valued at $8,135,000 after purchasing an additional 2,285 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.

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