The Travelers Companies, Inc. (TRV) Rating Downgraded to Hold at Sandler O’Neill

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.

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