Finally Time To Cut Your Stake? BofA Merrill Downgrades Travelers (NYSE:TRV) Shares

Share

Travelers (NYSE:TRV) Receives a Downgrade

BofA Merrill has lowered the rating for shares of Travelers (NYSE:TRV) to a solid Neutral in a recent research report revealed to investors and clients on Thursday, 3 December. TRV’s previous rating by the firm was a Buy.

From a total of 21 analysts covering Travelers (NYSE:TRV) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 22 a ”Hold”. This means that 18% of the ratings are positive. The highest target price is $120 while the lowest target price is $90. The mean of all analyst targets is $111.1 with a 2.95% above today’s ($113.45) stock price. Travelers was the topic of 6 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Argus Research maintained shares on October 26 with “Buy” rating. RBC Capital Markets maintained TRV stock in a recent report from October 21 with “Outperform” rating.

Approximately 520,883 shares of stock traded hands. Travelers Companies Inc (NYSE:TRV) has risen 13.45% since April 30, 2015 and is uptrending. It has outperformed by 13.74% the S&P500.

The Travelers Companies, Inc. is a holding company. The company has a market cap of $34.99 billion. Through its subsidiaries, the Company is engaged in providing a range of commercial and personal property and casualty insurance services and products to businesses, Government units, associations and individuals. It has 10.16 P/E ratio. The Firm has three operating divisions: Business and International Insurance segment, Bond & Specialty Insurance segment and the Personal Insurance segment.

According to Zacks Investment Research, “St. Paul Travelers is a leading provider of commercial property-liability insurance and asset management services. Under the Travelers brand, the company is also a leading underwriter of homeowners and auto insurance through independent agents.” Get a free copy of the Zacks research report on Travelers Companies Inc (TRV).

COMMENTS: