The Goldman Sachs Group Downgrades Travelers Companies (NYSE:TRV) to Sell

Travelers Companies (NYSE:TRV) was downgraded by stock analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a note issued to investors on Monday. They presently have a $350.00 price target on the insurance provider’s stock. The Goldman Sachs Group’s price objective points to a potential downside of 5.28% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. TD Cowen cut Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research note on Monday, July 13th. Roth Capital reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Evercore set a $329.00 price target on Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Finally, Mizuho raised their price target on Travelers Companies from $304.00 to $324.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $335.74.

Travelers Companies Price Performance

TRV stock opened at $369.50 on Monday. Travelers Companies has a 52 week low of $252.26 and a 52 week high of $370.43. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $314.35 and a two-hundred day simple moving average of $301.57. The firm has a market capitalization of $78.57 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 3.28 and a beta of 0.46.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business’s revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $6.51 EPS. Analysts anticipate that Travelers Companies will post 28.39 earnings per share for the current fiscal year.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the transaction, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 18,292 shares of company stock valued at $5,639,800. 1.39% of the stock is currently owned by insiders.

Institutional Trading of Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in TRV. HHM Wealth Advisors LLC increased its stake in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares during the period. Whipplewood Advisors LLC purchased a new stake in Travelers Companies in the 1st quarter valued at about $26,000. LifeSteps Financial Inc. bought a new position in Travelers Companies in the 2nd quarter worth about $26,000. Kemnay Advisory Services Inc. bought a new position in Travelers Companies in the 4th quarter worth about $26,000. Finally, Osterweis Capital Management Inc. increased its position in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.