The Travelers Companies, Inc. (NYSE:TRV) had its price target cut by Citigroup Inc. from $142.00 to $140.00 in a report released on Monday. They currently have a buy rating on the insurance provider’s stock.

A number of other research firms also recently commented on TRV. MKM Partners reiterated a neutral rating and issued a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Wells Fargo & Company reiterated a hold rating and issued a $125.00 price objective on shares of The Travelers Companies in a report on Tuesday, September 12th. Credit Suisse Group cut their price objective on shares of The Travelers Companies from $128.00 to $125.00 and set a neutral rating for the company in a report on Tuesday, September 12th. Zacks Investment Research downgraded shares of The Travelers Companies from a hold rating to a sell rating in a report on Tuesday, September 5th. Finally, Barclays PLC increased their price objective on shares of The Travelers Companies from $119.00 to $122.00 and gave the company an equal weight rating in a report on Friday, August 11th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The Travelers Companies has a consensus rating of Hold and a consensus target price of $125.71.

Shares of The Travelers Companies (TRV) opened at 123.90 on Monday. The company has a market capitalization of $34.19 billion, a PE ratio of 12.34 and a beta of 1.20. The Travelers Companies has a 52 week low of $103.45 and a 52 week high of $130.37. The firm’s 50-day moving average price is $122.72 and its 200 day moving average price is $123.79.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Zacks’ consensus estimate of $2.07 by ($0.15). The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.20 EPS. Equities analysts predict that The Travelers Companies will post $7.43 EPS for the current year.

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The Travelers Companies announced that its board has authorized a stock buyback plan on Monday, September 11th that authorizes the company to repurchase shares. This repurchase authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a $0.72 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.88 annualized dividend and a yield of 2.32%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

In related news, EVP Michael Frederick Klein sold 10,051 shares of The Travelers Companies stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $127.47, for a total value of $1,281,200.97. Following the completion of the sale, the executive vice president now owns 1,542 shares in the company, valued at approximately $196,558.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Franklin Spence III sold 4,800 shares of The Travelers Companies stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $128.73, for a total transaction of $617,904.00. The disclosure for this sale can be found here. Insiders sold a total of 133,841 shares of company stock valued at $17,135,116 in the last quarter. 0.82% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale boosted its position in The Travelers Companies by 5.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 137,846 shares of the insurance provider’s stock valued at $17,537,000 after buying an additional 7,042 shares during the period. IBM Retirement Fund boosted its position in The Travelers Companies by 109.5% in the 2nd quarter. IBM Retirement Fund now owns 6,812 shares of the insurance provider’s stock valued at $963,000 after buying an additional 3,561 shares during the period. Palisade Asset Management LLC boosted its position in The Travelers Companies by 2.2% in the 2nd quarter. Palisade Asset Management LLC now owns 18,569 shares of the insurance provider’s stock valued at $2,350,000 after buying an additional 400 shares during the period. Wetherby Asset Management Inc. boosted its position in The Travelers Companies by 4.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 6,793 shares of the insurance provider’s stock valued at $860,000 after buying an additional 291 shares during the period. Finally, BB&T Securities LLC boosted its position in The Travelers Companies by 5.1% in the 2nd quarter. BB&T Securities LLC now owns 160,552 shares of the insurance provider’s stock valued at $20,315,000 after buying an additional 7,721 shares during the period. 77.48% of the stock is owned by institutional investors.

About The Travelers Companies

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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