Travelers Companies (NYSE:TRV) Downgraded to Neutral Rating by Janney Montgomery Scott

Janney Montgomery Scott cut shares of Travelers Companies (NYSE:TRV) from a buy rating to a neutral rating in a research report released on Thursday, Marketbeat Ratings reports. They currently have $280.00 price target on the insurance provider’s stock.

Other analysts have also issued reports about the stock. Jefferies Financial Group boosted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday. Roth Mkm lifted their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Finally, UBS Group lifted their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $251.15.

Travelers Companies Stock Up 0.6 %

NYSE TRV opened at $262.25 on Thursday. The firm has a market capitalization of $59.54 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.24 and a beta of 0.62. Travelers Companies has a 52 week low of $175.88 and a 52 week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average of $246.33 and a two-hundred day moving average of $225.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.95 earnings per share. On average, analysts predict that Travelers Companies will post 18.64 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,409 shares of company stock worth $19,305,504 over the last 90 days. 1.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

Large investors have recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new stake in Travelers Companies in the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC purchased a new stake in Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC boosted its position in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in Travelers Companies in the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 82.45% 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.