Are The Travelers Company (NYSE:TRV) Shares Reaching An Inflection Point; Bank of America (Merrill Lynch) Decides to Downgrades Company

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The Travelers Company (NYSE:TRV) Receives a Downgrade

The stock rating of The Travelers Company (NYSE:TRV) was lowered by expert analysts at Bank of America (Merrill Lynch) from a the old Buy rating to a more updated Neutral in a recent research report sent to investors and clients on 3 December. The brokerage firm after the upgrade has a $120.00 Estimated Target Price on shares, suggesting a possible upside of 5.56%.

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 2.73% above today’s ($113.7) 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 841,816 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 $35.07 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 10.18 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).

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