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 Wall Street Zen, amid a broader discussion about the performance of insurance stocks.
• The company's latest earnings report revealed an EPS of $8.14, significantly exceeding analysts' estimates, with revenue growth of 4.8% year-over-year.
• Currently, Travelers Companies maintains an average price target of $292.47 and has received ratings spanning from "Strong Buy" to "Sell" from various analysts.

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

A number of other equities research analysts have also weighed in on TRV. Evercore ISI reiterated an "outperform" rating on shares of Travelers Companies in a report on Wednesday, October 1st. Morgan Stanley boosted their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the company an "equal weight" rating in a report on Tuesday, October 7th. Weiss Ratings restated a "buy (b)" rating on shares of Travelers Companies in a report on Tuesday, October 14th. The Goldman Sachs Group restated a "buy" rating on shares of Travelers Companies in a report on Friday. Finally, Wolfe Research started coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a "peer perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $292.47.

Travelers Companies Trading Up 0.3%

Shares of TRV opened at $262.31 on Friday. Travelers Companies has a 1-year low of $230.23 and a 1-year high of $287.95. The company has a 50-day moving average of $273.93 and a 200 day moving average of $266.31. The firm has a market capitalization of $59.05 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 2.90 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts' consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter last year, the business posted $5.24 EPS. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts expect that Travelers Companies will post 17.02 EPS for the current year.

Insider Activity at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. Insiders own 1.46% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cornerstone Planning Group LLC increased its stake in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies during the 1st quarter valued at approximately $26,000. Osterweis Capital Management Inc. increased its stake in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. Missouri Trust & Investment Co increased its stake in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Finally, Delos Wealth Advisors LLC acquired a new position in Travelers Companies during the 2nd quarter valued at approximately $27,000. 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.

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