StockNews.com Lowers Travelers Companies (NYSE:TRV) to Hold

Travelers Companies (NYSE:TRV - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

TRV has been the topic of a number of other reports. Bank of America raised their price objective on Travelers Companies from $202.00 to $223.00 and gave the company an "underperform" rating in a research note on Monday, July 22nd. Morgan Stanley decreased their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, July 19th. Piper Sandler dropped their target price on shares of Travelers Companies from $213.00 to $207.00 and set a "neutral" rating on the stock in a report on Monday, July 22nd. William Blair restated a "market perform" rating on shares of Travelers Companies in a report on Friday, June 28th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $225.00 price objective on shares of Travelers Companies in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $227.05.

Travelers Companies Price Performance

NYSE TRV opened at $236.11 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $53.82 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $243.48. The company has a 50 day moving average price of $222.96 and a two-hundred day moving average price of $218.07.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 EPS. As a group, equities analysts predict that Travelers Companies will post 17.19 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares of the company's stock, valued at approximately $4,820,409.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.33% of the company's stock.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds have recently bought and sold shares of TRV. Y.D. More Investments Ltd bought a new position in Travelers Companies during the second quarter worth about $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies during the 1st quarter valued at about $35,000. Beacon Capital Management LLC increased its stake in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Travelers Companies during the 1st quarter worth approximately $42,000. Finally, Tributary Capital Management LLC acquired a new position in shares of Travelers Companies in the first quarter valued at approximately $45,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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.