Travelers Companies (NYSE:TRV) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Travelers Companies (NYSE:TRVFree Report) from a buy rating to a hold rating in a research note published on Monday.

TRV has been the subject of a number of other research reports. UBS Group lowered their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a neutral rating for the company in a research report on Monday, April 22nd. Jefferies Financial Group lowered their price target on Travelers Companies from $222.00 to $219.00 and set a hold rating for the company in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $194.00 to $213.00 and gave the company an underweight rating in a report on Monday, April 8th. Keefe, Bruyette & Woods decreased their target price on Travelers Companies from $241.00 to $231.00 and set a market perform rating on the stock in a research note on Thursday, April 18th. Finally, Roth Mkm reaffirmed a buy rating and issued a $240.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have assigned 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.com, Travelers Companies presently has a consensus rating of Hold and an average price target of $222.65.

Read Our Latest Stock Analysis on Travelers Companies

Travelers Companies Price Performance

NYSE:TRV opened at $207.28 on Monday. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The stock’s fifty day moving average is $215.66 and its two-hundred day moving average is $209.27. The company has a market capitalization of $47.47 billion, a P/E ratio of 15.40, a P/E/G ratio of 1.10 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRVGet Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.11 earnings per share. Equities analysts expect that Travelers Companies will post 17.86 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.03%. The ex-dividend date is Monday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is 31.20%.

Insider Activity

In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently bought and sold shares of TRV. Wealth Quarterback LLC boosted its holdings in shares of Travelers Companies by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after acquiring an additional 49 shares during the period. Kapitalo Investimentos Ltda boosted its stake in Travelers Companies by 24.1% during the 4th quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 49 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Travelers Companies by 9.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after purchasing an additional 50 shares during the last quarter. Norwood Financial Corp increased its stake in Travelers Companies by 16.1% in the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after purchasing an additional 50 shares during the period. Finally, Grimes & Company Inc. raised its holdings in shares of Travelers Companies by 2.2% in the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock valued at $461,000 after buying an additional 53 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

About Travelers Companies

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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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