The Travelers Companies, Inc. (NYSE:TRV) had its price objective lifted by equities research analysts at Barclays PLC from $119.00 to $122.00 in a report released on Friday. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Barclays PLC’s price objective would suggest a potential downside of 5.93% from the stock’s current price.

A number of other research analysts have also weighed in on TRV. Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and raised their target price for the company from $120.62 to $129.44 in a report on Monday, June 19th. BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of The Travelers Companies in a report on Tuesday, June 20th. MKM Partners restated a “neutral” rating and issued a $130.00 price target (up from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Finally, Vetr upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target for the company in a research report on Tuesday, June 27th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The Travelers Companies has a consensus rating of “Hold” and a consensus price target of $124.01.

The Travelers Companies (NYSE TRV) traded down 0.559% during trading on Friday, hitting $128.965. 251,088 shares of the stock traded hands. The company has a market cap of $35.59 billion, a P/E ratio of 12.843 and a beta of 1.20. The firm has a 50-day moving average price of $127.13 and a 200 day moving average price of $123.06. The Travelers Companies has a 52-week low of $103.45 and a 52-week high of $130.36.

The Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the previous year, the business posted $2.20 EPS. The Travelers Companies’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies will post $8.92 EPS for the current year.

The Travelers Companies announced that its Board of Directors has authorized a share buyback program on Thursday, April 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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In related news, Vice Chairman William H. Heyman sold 24,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total value of $3,039,360.00. Following the sale, the insider now owns 253,744 shares in the company, valued at $32,134,140.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andy F. Bessette sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the completion of the sale, the executive vice president now owns 10,000 shares in the company, valued at approximately $1,285,000. The disclosure for this sale can be found here. Insiders have sold 185,978 shares of company stock worth $23,627,310 in the last 90 days. Insiders own 0.82% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Boston Advisors LLC raised its stake in shares of The Travelers Companies by 2.3% in the first quarter. Boston Advisors LLC now owns 2,949 shares of the insurance provider’s stock worth $355,000 after buying an additional 66 shares in the last quarter. Benin Management CORP increased its position in shares of The Travelers Companies by 76.1% in the first quarter. Benin Management CORP now owns 47,700 shares of the insurance provider’s stock worth $5,750,000 after buying an additional 20,610 shares during the last quarter. DnB Asset Management AS increased its position in shares of The Travelers Companies by 23.5% in the first quarter. DnB Asset Management AS now owns 79,252 shares of the insurance provider’s stock worth $9,553,000 after buying an additional 15,100 shares during the last quarter. Reilly Financial Advisors LLC increased its position in shares of The Travelers Companies by 5.5% in the first quarter. Reilly Financial Advisors LLC now owns 11,990 shares of the insurance provider’s stock worth $1,445,000 after buying an additional 620 shares during the last quarter. Finally, Howland Capital Management LLC increased its position in shares of The Travelers Companies by 0.3% in the first quarter. Howland Capital Management LLC now owns 9,795 shares of the insurance provider’s stock worth $1,181,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 78.95% of the company’s stock.

The Travelers Companies Company Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Analyst Recommendations for The Travelers Companies (NYSE:TRV)

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