Travelers Companies (NYSE:TRV) Stock Rating Lowered by Buckingham Research

Travelers Companies (NYSE:TRV) was downgraded by equities research analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a report issued on Friday, Marketbeat reports. They currently have a $158.00 price objective on the insurance provider’s stock. Buckingham Research’s target price suggests a potential upside of 5.17% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on TRV. Deutsche Bank reaffirmed a “hold” rating on shares of Steel Dynamics in a research note on Thursday, June 27th. Keefe, Bruyette & Woods downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 target price on the stock. in a research note on Wednesday, June 5th. Zacks Investment Research raised shares of IQE from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. MKM Partners raised their target price on shares of Travelers Companies to $140.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Finally, Barclays set a $34.00 price target on shares of DCP Midstream and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $145.87.

Shares of TRV opened at $150.23 on Friday. The company has a 50 day moving average of $150.95. The stock has a market capitalization of $39.25 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.39 and a beta of 0.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies has a 1-year low of $111.08 and a 1-year high of $155.09.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.94 billion. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. Travelers Companies’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $2.46 earnings per share. As a group, research analysts anticipate that Travelers Companies will post 11.04 EPS for the current year.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 60,979 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $137.46, for a total transaction of $8,382,173.34. Following the transaction, the insider now directly owns 146,845 shares of the company’s stock, valued at $20,185,313.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $147.75, for a total transaction of $1,477,500.00. Following the transaction, the insider now directly owns 247,245 shares in the company, valued at $36,530,448.75. The disclosure for this sale can be found here. Insiders have sold 211,860 shares of company stock worth $30,020,402 over the last three months. Insiders own 0.73% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Alpha Cubed Investments LLC grew its holdings in shares of Travelers Companies by 37.9% in the second quarter. Alpha Cubed Investments LLC now owns 2,461 shares of the insurance provider’s stock worth $368,000 after purchasing an additional 676 shares during the last quarter. FDx Advisors Inc. grew its holdings in shares of Travelers Companies by 25.1% in the second quarter. FDx Advisors Inc. now owns 15,140 shares of the insurance provider’s stock worth $2,264,000 after purchasing an additional 3,041 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Travelers Companies by 33.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 854,921 shares of the insurance provider’s stock worth $127,828,000 after purchasing an additional 216,274 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Travelers Companies by 170.8% in the second quarter. Bessemer Group Inc. now owns 26,595 shares of the insurance provider’s stock worth $3,978,000 after purchasing an additional 16,775 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Travelers Companies by 1.5% in the second quarter. Commonwealth Equity Services LLC now owns 94,412 shares of the insurance provider’s stock worth $14,116,000 after purchasing an additional 1,379 shares during the last quarter. 80.58% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Travelers Companies (NYSE:TRV)

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