Travelers Companies (NYSE:TRV) Stock Rating Upgraded by Mizuho

Travelers Companies (NYSE:TRV) was upgraded by investment analysts at Mizuho to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Wolfe Research began coverage on Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Piper Sandler increased their target price on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, Morgan Stanley upped their price target on shares of Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $294.25.

Travelers Companies Price Performance

Travelers Companies stock opened at $289.56 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $64.59 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The firm has a 50-day moving average of $279.49 and a two-hundred day moving average of $272.27. Travelers Companies has a 1 year low of $230.23 and a 1 year high of $296.85.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $12.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same period last year, the company posted $5.24 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, research analysts forecast that Travelers Companies will post 17.02 earnings per share for the current year.

Insider Activity

In related news, EVP Maria Olivo sold 8,920 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the transaction, the executive vice president directly owned 117,596 shares in the company, valued at $34,776,665.08. The trade was a 7.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 46,295 shares of company stock valued at $13,011,918 in the last ninety days. 1.46% of the stock is currently owned by insiders.

Institutional Trading of Travelers Companies

Several large investors have recently bought and sold shares of TRV. Associated Banc Corp increased its position in shares of Travelers Companies by 1.4% during the second quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock worth $731,000 after acquiring an additional 39 shares in the last quarter. Park National Corp OH raised its stake in shares of Travelers Companies by 1.6% in the 2nd quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after purchasing an additional 40 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Travelers Companies by 1.0% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock valued at $1,143,000 after purchasing an additional 40 shares in the last quarter. Ibex Wealth Advisors grew its holdings in shares of Travelers Companies by 1.4% during the third quarter. Ibex Wealth Advisors now owns 2,889 shares of the insurance provider’s stock worth $807,000 after buying an additional 40 shares in the last quarter. Finally, ORG Partners LLC raised its position in Travelers Companies by 5.6% in the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock valued at $207,000 after buying an additional 41 shares during the last quarter. Hedge funds and other 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.