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

HSBC lowered shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a report issued on Monday morning, MarketBeat.com reports. The brokerage currently has $270.00 price target on the insurance provider’s stock.

Several other research firms have also recently issued reports on TRV. Wells Fargo & Company upped their price target on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and upped their target price for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $260.00.

Travelers Companies Trading Up 1.2 %

Shares of Travelers Companies stock opened at $259.70 on Monday. The business has a fifty day simple moving average of $248.83 and a 200-day simple moving average of $247.37. The firm has a market cap of $58.88 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. Travelers Companies has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $7.01 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts forecast that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Institutional Investors Weigh In On Travelers Companies

Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Travelers Companies by 15.9% during the fourth quarter. Wellington Management Group LLP now owns 17,929 shares of the insurance provider’s stock valued at $4,319,000 after acquiring an additional 2,456 shares in the last quarter. Nestegg Advisors Inc. bought a new position in shares of Travelers Companies during the 4th quarter valued at $302,000. DSG Capital Advisors LLC acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $2,326,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Travelers Companies by 21.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 159,390 shares of the insurance provider’s stock worth $38,395,000 after purchasing an additional 28,005 shares in the last quarter. Finally, Wood Tarver Financial Group LLC acquired a new position in Travelers Companies during the fourth quarter worth $33,000. Institutional investors own 82.45% of the company’s stock.

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.