Travelers Companies (NYSE:TRV) Stock Rating Lowered by ValuEngine

Travelers Companies (NYSE:TRV) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada boosted their price target on Travelers Companies to $160.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. UBS Group boosted their price target on Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. MKM Partners boosted their price target on Travelers Companies to $140.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Zacks Investment Research downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Finally, Barclays boosted their price target on Travelers Companies from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $147.65.

Shares of NYSE TRV traded up $1.14 during trading on Thursday, reaching $146.92. The stock had a trading volume of 1,442,763 shares, compared to its average volume of 1,017,114. Travelers Companies has a one year low of $111.08 and a one year high of $155.09. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $38.18 billion, a PE ratio of 16.43, a PEG ratio of 1.39 and a beta of 0.94. The stock has a 50 day simple moving average of $151.08.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.30). Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter last year, the firm posted $1.81 earnings per share. Travelers Companies’s revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts expect that Travelers Companies will post 10.63 earnings per share for the current year.

In related news, Vice Chairman William H. Heyman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $150.75, for a total transaction of $753,750.00. Following the completion of the transaction, the insider now owns 244,745 shares in the company, valued at approximately $36,895,308.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $145.50, for a total value of $1,818,750.00. Following the transaction, the insider now owns 244,745 shares of the company’s stock, valued at approximately $35,610,397.50. The disclosure for this sale can be found here. Insiders have sold a total of 60,000 shares of company stock valued at $8,746,750 in the last 90 days. Insiders own 0.73% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TRV. Next Capital Management LLC acquired a new position in Travelers Companies during the 2nd quarter worth $25,000. Advantage Investment Management LLC acquired a new position in Travelers Companies during the 2nd quarter worth $25,000. Interactive Financial Advisors acquired a new position in Travelers Companies during the 1st quarter worth $27,000. Princeton Global Asset Management LLC acquired a new position in Travelers Companies during the 1st quarter worth $27,000. Finally, Buffington Mohr McNeal acquired a new position in Travelers Companies during the 1st quarter worth $28,000. Institutional investors and hedge funds own 80.59% of the company’s stock.

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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