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

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

TRV has been the topic of a number of other research reports. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a report on Wednesday, January 8th. Barclays lifted their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. BMO Capital Markets increased their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, HSBC downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research report on Monday. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $260.00.

Travelers Companies Price Performance

TRV stock opened at $259.50 on Monday. Travelers Companies has a one year low of $200.21 and a one year high of $269.56. The firm has a 50-day moving average of $249.27 and a two-hundred day moving average of $247.54. The firm has a market capitalization of $58.84 billion, a PE ratio of 12.09, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS 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 business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm earned $7.01 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts forecast that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. 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 payout ratio is 19.56%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of 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 purchasing an additional 2,456 shares during the last quarter. Nestegg Advisors Inc. acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $302,000. DSG Capital Advisors LLC bought a new position in Travelers Companies in the 4th quarter worth approximately $2,326,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Travelers Companies by 21.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 159,390 shares of the insurance provider’s stock worth $38,395,000 after buying an additional 28,005 shares during the last quarter. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $33,000. 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.