Travelers Companies’ (TRV) Sell Rating Reaffirmed at Citigroup

Travelers Companies (NYSE:TRV)‘s stock had its “sell” rating reiterated by Citigroup in a report released on Friday, MarketBeat reports. They currently have a $200.00 target price on the insurance provider’s stock, down from their prior target price of $226.00. Citigroup’s price target indicates a potential downside of 3.36% from the company’s current price.

Other analysts also recently issued reports about the stock. Evercore ISI lowered their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. HSBC lifted their price objective on shares of Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a report on Thursday, April 4th. UBS Group lowered their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Keefe, Bruyette & Woods lowered their price objective on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Finally, Roth Mkm restated a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $221.12.

Travelers Companies Stock Performance

Shares of TRV stock opened at $206.96 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $47.39 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 1.09 and a beta of 0.62. The company’s 50 day moving average price is $212.76 and its two-hundred day moving average price is $211.21. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same quarter last year, the business earned $4.11 earnings per share. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, analysts expect that Travelers Companies will post 17.59 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is owned by company insiders.

Institutional Trading of Travelers Companies

Institutional investors have recently added to or reduced their stakes in the stock. Johnson Investment Counsel Inc. boosted its holdings in Travelers Companies by 29.0% in the fourth quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock valued at $879,000 after acquiring an additional 1,037 shares during the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $1,973,000. Dynamic Advisor Solutions LLC boosted its holdings in shares of Travelers Companies by 124.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after buying an additional 7,649 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of Travelers Companies by 552.8% during the 4th quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock worth $31,631,000 after buying an additional 140,622 shares in the last quarter. Finally, Worth Asset Management LLC bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $2,201,000. 82.45% of the stock is currently owned by institutional investors.

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.