Equities research analysts at Sandler O’Neill downgraded shares of The Travelers Companies, Inc. (TRV) from ‘Buy’ to ‘Hold’ Monday morning.
Travelers’ shares, which closed at $92.10 on Friday afternoon, are down more than 4% from their 52-week high set on June 20, 2014 of $96.18. That’s a 17.73% rise, or $17.06 per share from the 52-week low of $79.12.
TRV has been the subject of a number of other recent research reports. Analysts at BMO Capital downgraded their rating to ‘Market Perform’ from ‘Outperform’ on shares of The Travelers Companies in a research note June 17. Separately, analysts at Citigroup (C) and Deutsche Bank (DB) maintained a ‘Sell’ and ‘Outperform’ rating on shares of the company in a research note on June 9, and May 13, respectively. The firms set a price target of $78.00 and $99.00 per share. Finally, analysts at Guggenheim Securities upgraded their ‘Neutral’ to ‘Buy’ rating on TRV in a report released on May 12, setting a price target of $117 per share.
The Travelers Companies shares, which currently have an average 3-month trading volume of 2.58 million shares, trade at a trailing-12 P/E of 8.90, a forward P/E of 9.97 and a P/E to growth ratio of 1.52. The median Wall Street price target on the company’s stock is $96.50 per share with a high target of $120.00 per share.
In terms of profitability, Traveler’s trailing-12 profit margin currently stands at more than 13.45% while operating margin is at 19.80%. The $31 billion market cap company reported $4.13 billion in cash vs. $6.35 in debt in its most recent quarter.
In today’s session, the equity is 30 cents lower, changing hands at $91.80 a share.
The Travelers Companies, Inc. is a provider of various commercial and personal property, and casualty insurance products. The company was founded in 1853 and is based in New York, New York.