The Travelers Companies, Inc. (NYSE:TRV) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $126.00 price target on shares of The Travelers Companies in a report on Monday, May 22nd. Argus raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Monday, April 24th. Citigroup Inc. upped their price target on shares of The Travelers Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, April 7th. Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target for the company in a report on Monday, July 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $115.00 price target on shares of The Travelers Companies in a report on Thursday, May 25th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $123.32.

The Travelers Companies (TRV) traded up 0.98% during mid-day trading on Monday, hitting $126.38. The stock had a trading volume of 1,392,792 shares. The company has a 50-day moving average price of $126.47 and a 200 day moving average price of $122.15. The Travelers Companies has a 1-year low of $103.45 and a 1-year high of $129.60. The company has a market cap of $34.87 billion, a P/E ratio of 12.59 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the previous year, the company earned $2.20 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies will post $9.02 EPS for the current fiscal year.

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

ILLEGAL ACTIVITY WARNING: “The Travelers Companies, Inc. (TRV) Downgraded by BidaskClub to “Sell”” was originally reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/07/24/the-travelers-companies-inc-trv-downgraded-by-bidaskclub-to-sell.html.

In other The Travelers Companies news, Vice Chairman Jay S. Benet sold 5,518 shares of the firm’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $128.72, for a total value of $710,276.96. Following the completion of the sale, the insider now directly owns 82,824 shares in the company, valued at $10,661,105.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 7,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.48, for a total transaction of $864,360.00. Following the completion of the sale, the insider now owns 246,744 shares of the company’s stock, valued at $30,467,949.12. The disclosure for this sale can be found here. Insiders sold 86,377 shares of company stock valued at $10,765,171 over the last 90 days. Corporate insiders own 0.82% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Balasa Dinverno & Foltz LLC boosted its position in shares of The Travelers Companies by 0.3% in the first quarter. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider’s stock worth $416,000 after buying an additional 9 shares in the last quarter. American Economic Planning Group Inc. ADV boosted its position in shares of The Travelers Companies by 0.6% in the first quarter. American Economic Planning Group Inc. ADV now owns 2,529 shares of the insurance provider’s stock worth $305,000 after buying an additional 15 shares in the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of The Travelers Companies by 0.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,970 shares of the insurance provider’s stock worth $479,000 after buying an additional 23 shares in the last quarter. Northern Oak Wealth Management Inc. boosted its position in shares of The Travelers Companies by 0.5% in the first quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock worth $587,000 after buying an additional 23 shares in the last quarter. Finally, Balentine LLC boosted its position in shares of The Travelers Companies by 2.0% in the first quarter. Balentine LLC now owns 1,404 shares of the insurance provider’s stock worth $169,000 after buying an additional 27 shares in the last quarter. Institutional investors and hedge funds own 77.87% 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)

Receive News & Ratings for The Travelers Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Travelers Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.