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

ValuEngine downgraded shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a research report report published on Thursday morning, ValuEngine reports.

Several other analysts also recently commented on the company. Barclays upped their price objective on Travelers Companies from $160.00 to $170.00 and gave the company an overweight rating in a research note on Wednesday, May 22nd. Deutsche Bank downgraded Travelers Companies from a hold rating to a sell rating and set a $147.11 price objective for the company. in a research note on Thursday, June 27th. Zacks Investment Research downgraded Travelers Companies from a buy rating to a hold rating in a research note on Thursday, April 4th. Royal Bank of Canada upped their price objective on Travelers Companies to $160.00 and gave the company a sector perform rating in a research note on Wednesday, July 24th. Finally, MKM Partners upped their price objective on Travelers Companies to $140.00 and gave the company a neutral rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $147.65.

Shares of NYSE TRV traded up $1.14 during trading hours on Thursday, reaching $146.92. The stock had a trading volume of 1,442,763 shares, compared to its average volume of 1,094,266. The business’s 50-day simple moving average is $151.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market capitalization of $37.96 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.38 and a beta of 0.94. Travelers Companies has a fifty-two week low of $111.08 and a fifty-two week high of $155.09.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $2.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.32 by ($0.30). The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.03 billion. Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.81 earnings per share. Equities analysts anticipate that Travelers Companies will post 10.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Monday, September 9th. Travelers Companies’s dividend payout ratio (DPR) is 36.69%.

In related news, Vice Chairman William H. Heyman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $147.75, for a total value of $1,477,500.00. Following the completion of the transaction, the insider now directly owns 247,245 shares of the company’s stock, valued at approximately $36,530,448.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gregory C. Toczydlowski sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $143.02, for a total value of $3,575,500.00. Following the completion of the transaction, the executive vice president now directly owns 38,219 shares of the company’s stock, valued at $5,466,081.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,000 shares of company stock valued at $8,746,750. Company insiders own 0.73% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Travelers Companies by 7.3% in the 1st quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock valued at $3,100,401,000 after purchasing an additional 1,528,327 shares in the last quarter. FMR LLC grew its holdings in Travelers Companies by 9.4% during the 1st quarter. FMR LLC now owns 10,500,482 shares of the insurance provider’s stock valued at $1,440,247,000 after buying an additional 904,028 shares during the last quarter. Geode Capital Management LLC grew its holdings in Travelers Companies by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 3,226,157 shares of the insurance provider’s stock valued at $385,607,000 after buying an additional 203,345 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Travelers Companies by 23.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,940,150 shares of the insurance provider’s stock valued at $266,111,000 after buying an additional 362,384 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Travelers Companies by 15.7% during the 1st quarter. California Public Employees Retirement System now owns 1,689,866 shares of the insurance provider’s stock valued at $231,782,000 after buying an additional 228,830 shares during the last quarter. 80.59% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Travelers Companies (NYSE:TRV)

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