Travelers Companies (NYSE:TRV) Downgraded to “Hold” Rating by HSBC

HSBC lowered shares of Travelers Companies (NYSE:TRV) from a buy rating to a hold rating in a report released on Monday morning, MarketBeat reports. They currently have $270.00 target price on the insurance provider’s stock.

A number of other research firms have also commented on TRV. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research report on Wednesday, January 8th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada restated 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. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $260.00.

Travelers Companies Price Performance

Travelers Companies stock opened at $261.73 on Monday. The stock has a market cap of $59.34 billion, a P/E ratio of 12.19, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average price is $249.70 and its two-hundred day moving average price is $247.64. Travelers Companies has a 52 week low of $200.21 and a 52 week high of $269.56.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the company earned $7.01 earnings per share. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. On average, equities analysts predict that Travelers Companies will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm 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 dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elevate Capital Advisors LLC acquired a new position in Travelers Companies in the 4th quarter valued at $4,627,000. Erste Asset Management GmbH grew its position in shares of Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after purchasing an additional 100 shares during the period. Franklin Resources Inc. boosted its position in shares of Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after acquiring an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Travelers Companies by 34.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after purchasing an additional 4,665 shares during the last quarter. Finally, Czech National Bank raised its stake in Travelers Companies by 6.0% during the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after purchasing an additional 2,792 shares during the period. 82.45% of the stock is currently owned by hedge funds and other 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.