The Travelers Companies, Inc. (TRV) Lowered to “Market Perform” at FBR & Co

FBR & Co downgraded shares of The Travelers Companies, Inc. (NYSE:TRV) from an outperform rating to a market perform rating in a research note issued to investors on Monday morning. They currently have $119.00 price objective on the stock, down from their previous price objective of $119.73. The analysts noted that the move was a valuation call.

TRV has been the topic of several other reports. BMO Capital Markets upgraded shares of The Travelers Companies from a market perform rating to an outperform rating and upped their price target for the company from $120.00 to $135.00 in a research note on Monday, December 12th. Macquarie upgraded shares of The Travelers Companies from an underperform rating to an outperform rating in a research note on Tuesday, January 17th. Morgan Stanley downgraded shares of The Travelers Companies from an equal weight rating to an underweight rating and decreased their price target for the company from $120.25 to $110.00 in a research note on Thursday, January 5th. They noted that the move was a valuation call. William Blair downgraded shares of The Travelers Companies from a market perform rating to an underperform rating in a research note on Thursday, November 17th. Finally, Atlantic Securities downgraded shares of The Travelers Companies from a neutral rating to an underweight rating and set a $110.00 price target on the stock. in a research note on Friday, January 6th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The Travelers Companies presently has an average rating of Hold and an average price target of $118.31.

Analyst Recommendations for The Travelers Companies (NYSE:TRV)

Shares of The Travelers Companies (NYSE:TRV) opened at 119.71 on Monday. The stock’s 50 day moving average price is $118.54 and its 200-day moving average price is $115.85. The Travelers Companies has a 52-week low of $103.45 and a 52-week high of $123.09. The firm has a market cap of $33.47 billion, a PE ratio of 11.64 and a beta of 1.06.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Tuesday, January 24th. The company reported $3.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.57. The Travelers Companies had a net margin of 10.92% and a return on equity of 12.29%. The business had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the prior year, the company posted $2.90 earnings per share. The Travelers Companies’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies will post $9.51 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.24%. The Travelers Companies’s payout ratio is currently 26.10%.

In related news, Vice Chairman William H. Heyman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $114.00, for a total value of $114,000.00. Following the completion of the transaction, the insider now owns 229,254 shares in the company, valued at approximately $26,134,956. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 75,121 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $117.49, for a total transaction of $8,825,966.29. Following the completion of the transaction, the chief executive officer now owns 100,836 shares of the company’s stock, valued at approximately $11,847,221.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,121 shares of company stock worth $10,368,986. 1.34% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can boosted its position in shares of The Travelers Companies by 0.5% in the third quarter. Great West Life Assurance Co. Can now owns 596,098 shares of the company’s stock valued at $68,288,000 after buying an additional 3,145 shares during the last quarter. Hermes Investment Management Ltd. boosted its position in shares of The Travelers Companies by 13.9% in the third quarter. Hermes Investment Management Ltd. now owns 647,747 shares of the company’s stock valued at $74,199,000 after buying an additional 78,929 shares during the last quarter. Denali Advisors LLC bought a new position in shares of The Travelers Companies during the third quarter valued at approximately $2,131,000. Aperio Group LLC boosted its position in shares of The Travelers Companies by 20.9% in the third quarter. Aperio Group LLC now owns 411,441 shares of the company’s stock valued at $47,131,000 after buying an additional 71,147 shares during the last quarter. Finally, Ngam Advisors L.P. boosted its position in shares of The Travelers Companies by 0.3% in the second quarter. Ngam Advisors L.P. now owns 208,728 shares of the company’s stock valued at $24,847,000 after buying an additional 593 shares during the last quarter. Institutional investors and hedge funds own 80.36% of the company’s stock.

About The Travelers Companies

The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.

5 Day Chart for NYSE:TRV

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