Hsbc Global Res Downgrades Travelers Companies (NYSE:TRV) to Hold

Travelers Companies (NYSE:TRV) was downgraded by research analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on TRV. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, BMO Capital Markets boosted their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $260.00.

Travelers Companies Stock Performance

NYSE TRV opened at $259.50 on Monday. The company has a market cap of $58.84 billion, a P/E ratio of 12.09, a PEG ratio of 4.65 and a beta of 0.60. The company has a fifty day simple moving average of $249.27 and a 200 day simple moving average of $247.54. 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 has a 12-month low of $200.21 and a 12-month high of $269.56.

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

Institutional Investors Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently modified their holdings of TRV. Wellington Management Group LLP increased its holdings in Travelers Companies by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 17,929 shares of the insurance provider’s stock worth $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 in the fourth quarter worth $302,000. DSG Capital Advisors LLC purchased a new stake in shares of Travelers Companies in the fourth quarter worth $2,326,000. Wealth Enhancement Advisory Services LLC boosted its stake in 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 valued at $38,395,000 after buying an additional 28,005 shares during the period. Finally, Wood Tarver Financial Group LLC purchased a new position in Travelers Companies during the fourth quarter worth about $33,000. 82.45% of the stock is currently owned by 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.