Travelers Companies (NYSE:TRV) Cut to “Hold” at ValuEngine

ValuEngine lowered shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a research report sent to investors on Wednesday, January 3rd.

Other equities analysts also recently issued research reports about the company. Citigroup lowered their price target on Travelers Companies from $142.00 to $140.00 and set a buy rating on the stock in a report on Monday, October 2nd. Royal Bank of Canada increased their price objective on Travelers Companies to $140.00 and gave the company an outperform rating in a research report on Friday, October 20th. Credit Suisse Group reduced their price objective on Travelers Companies from $128.00 to $125.00 and set a neutral rating for the company in a research report on Tuesday, September 12th. Zacks Investment Research raised Travelers Companies from a sell rating to a hold rating in a research report on Thursday, September 14th. Finally, B. Riley reaffirmed a neutral rating on shares of Travelers Companies in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $134.38.

Travelers Companies (NYSE:TRV) traded up $0.22 during mid-day trading on Wednesday, reaching $132.34. 1,050,000 shares of the company traded hands, compared to its average volume of 1,440,000. Travelers Companies has a 1-year low of $113.76 and a 1-year high of $137.95. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $36,220.00, a P/E ratio of 15.32, a P/E/G ratio of 1.81 and a beta of 1.25.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. Travelers Companies’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.40 EPS. sell-side analysts expect that Travelers Companies will post 6.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 11th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, December 8th. Travelers Companies’s dividend payout ratio (DPR) is presently 33.33%.

Travelers Companies declared that its board has authorized a stock buyback plan on Thursday, November 9th that allows the company to buyback outstanding shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other Travelers Companies news, EVP Maria Olivo sold 33,225 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total transaction of $4,458,130.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 20,077 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total value of $2,623,662.36. Following the transaction, the executive vice president now directly owns 21,619 shares in the company, valued at approximately $2,825,170.92. The disclosure for this sale can be found here. Insiders sold a total of 55,302 shares of company stock worth $7,347,753 in the last 90 days. Company insiders own 0.82% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Carnick & Kubik Group LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $758,000. Robeco Institutional Asset Management B.V. acquired a new position in Travelers Companies in the 3rd quarter worth about $78,058,000. Point72 Asset Management L.P. acquired a new position in Travelers Companies in the 3rd quarter worth about $8,254,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Travelers Companies by 4.6% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 58,457 shares of the insurance provider’s stock worth $7,162,000 after purchasing an additional 2,567 shares in the last quarter. Finally, BB&T Securities LLC increased its holdings in Travelers Companies by 5.1% in the 2nd quarter. BB&T Securities LLC now owns 160,552 shares of the insurance provider’s stock worth $20,315,000 after purchasing an additional 7,721 shares in the last quarter. Institutional investors and hedge funds own 78.49% of the company’s stock.

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Travelers Companies Company Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Travelers Companies (NYSE:TRV)

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