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

Travelers Companies (NYSE:TRV) was downgraded by equities research analysts at Evercore from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

TRV has been the subject of a number of other reports. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. UBS Group upped their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday. Piper Sandler increased their price objective on shares of Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. HSBC increased their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Finally, Bank of America decreased their target price on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $333.11.

Travelers Companies Stock Up 0.4%

Shares of TRV stock opened at $338.80 on Friday. The stock’s 50-day simple moving average is $310.19 and its 200-day simple moving average is $299.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $72.04 billion, a PE ratio of 10.08, a P/E/G ratio of 3.03 and a beta of 0.46. Travelers Companies has a fifty-two week low of $249.19 and a fifty-two week high of $349.35.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The firm had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.91 earnings per share. Equities analysts expect that Travelers Companies will post 28.13 earnings per share for the current year.

Insider Activity

In other news, insider Avrohom J. Kess sold 6,735 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the transaction, the insider directly owned 48,737 shares of the company’s stock, valued at $15,049,010.86. The trade was a 12.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane Kurtzman sold 2,867 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the sale, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. This trade represents a 35.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently modified their holdings of TRV. HHM Wealth Advisors LLC increased its stake in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies during the fourth quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new stake in Travelers Companies in the first quarter valued at approximately $26,000. Osterweis Capital Management Inc. grew its holdings in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $28,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Truist initiated coverage on Travelers with a Buy rating and a $395 price target, which implies meaningful upside from current levels.
• Positive Sentiment: Wells Fargo raised its price target to $334 and Mizuho lifted its target to $324, signaling continued confidence in the insurer’s valuation and fundamentals.
• Positive Sentiment: Dowling & Partners increased its FY2026 EPS estimate for Travelers to $28.00, nearly matching the Street consensus and reinforcing expectations for solid earnings performance.
• Positive Sentiment: Zacks highlighted Travelers’ strong earnings surprise history and said the company has the right setup to beat estimates again in the next report, adding to bullish sentiment ahead of earnings. Article: Will Travelers (TRV) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Another Zacks note said Travelers is expected to beat earnings estimates in its upcoming Q2 release, keeping investor focus on a potentially strong earnings event. Article: Travelers (TRV) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
• Neutral Sentiment: Brokerage sentiment remains mixed overall, with an average recommendation of Hold, suggesting analysts are constructive but not universally bullish.
• Neutral Sentiment: Travelers is scheduled to report quarterly earnings soon, and traders appear to be positioning ahead of the results. Article: Travelers Companies (TRV) Expected to Announce Quarterly Earnings on Friday
• Negative Sentiment: Some analyst targets remain below the current share price, implying limited short-term upside if results fail to impress.

About Travelers Companies

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.