Travelers Companies Inc (NYSE:TRV) has earned an average recommendation of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $124.18.

TRV has been the topic of a number of research reports. Vetr raised Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price on the stock in a research report on Monday, July 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $126.00 target price on shares of Travelers Companies in a research report on Monday, May 22nd. Argus raised Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research report on Monday, April 24th. Citigroup Inc. upped their target price on Travelers Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, April 7th. Finally, BidaskClub raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th.

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In other Travelers Companies news, Vice Chairman Jay S. Benet sold 5,518 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $128.72, for a total value of $710,276.96. Following the completion of the transaction, the insider now owns 82,824 shares in the company, valued at approximately $10,661,105.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 7,000 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.48, for a total value of $864,360.00. Following the completion of the transaction, the insider now owns 246,744 shares of the company’s stock, valued at approximately $30,467,949.12. The disclosure for this sale can be found here. Insiders sold a total of 190,264 shares of company stock valued at $23,233,448 over the last three months. 0.82% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rosenbaum Jay D. increased its position in shares of Travelers Companies by 12.0% in the first quarter. Rosenbaum Jay D. now owns 5,025 shares of the insurance provider’s stock worth $605,000 after buying an additional 540 shares during the period. Cohen Lawrence B increased its position in shares of Travelers Companies by 26.1% in the first quarter. Cohen Lawrence B now owns 4,540 shares of the insurance provider’s stock worth $547,000 after buying an additional 940 shares during the period. McQueen Ball & Associates Inc. increased its position in shares of Travelers Companies by 2.7% in the first quarter. McQueen Ball & Associates Inc. now owns 17,948 shares of the insurance provider’s stock worth $2,163,000 after buying an additional 466 shares during the period. Searle & CO. increased its position in shares of Travelers Companies by 7.3% in the fourth quarter. Searle & CO. now owns 2,941 shares of the insurance provider’s stock worth $360,000 after buying an additional 200 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Travelers Companies during the fourth quarter worth about $1,126,000. Hedge funds and other institutional investors own 77.92% of the company’s stock.

Travelers Companies (NYSE TRV) traded up 0.47% during mid-day trading on Friday, hitting $125.15. 1,373,057 shares of the stock were exchanged. The stock has a 50 day moving average price of $126.44 and a 200 day moving average price of $122.05. Travelers Companies has a 1-year low of $103.45 and a 1-year high of $129.60. The company has a market capitalization of $34.97 billion, a PE ratio of 12.31 and a beta of 1.21.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.07 by $0.15. Travelers Companies had a return on equity of 9.97% and a net margin of 8.28%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the company earned $2.20 earnings per share. Travelers Companies’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Travelers Companies will post $9.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, September 7th. Travelers Companies’s payout ratio is currently 28.40%.

Travelers Companies announced that its board has approved a share repurchase plan on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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 Travelers Companies (NYSE:TRV)

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