Travelers Companies (NYSE:TRV) Downgraded to Hold Rating by Hsbc Global Res

Hsbc Global Res cut shares of Travelers Companies (NYSE:TRV) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on the stock. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a report on Monday. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, BMO Capital Markets upped their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Stock Up 0.0 %

Shares of TRV stock opened at $259.50 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a fifty day moving average price of $249.27 and a 200 day moving average price of $247.54. Travelers Companies has a one year low of $200.21 and a one year high of $269.56. The stock has a market cap of $58.84 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the firm posted $7.01 EPS. Travelers Companies’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts predict that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

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 given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. Travelers Companies’s dividend payout ratio is 19.56%.

Institutional Trading of Travelers Companies

A number of large investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in Travelers Companies by 15.9% in 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 during the period. Nestegg Advisors Inc. bought a new position in shares of Travelers Companies during the 4th quarter valued at about $302,000. DSG Capital Advisors LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at approximately $2,326,000. Wealth Enhancement Advisory Services LLC increased its stake in Travelers Companies by 21.3% during the 4th 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 stake in Travelers Companies during the 4th quarter worth approximately $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.