The Travelers Companies, Inc. (TRV) Rating Reiterated by Citigroup Inc.
The Travelers Companies, Inc. (NYSE:TRV)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a note issued to investors on Monday. They presently have a $148.00 price objective on the insurance provider’s stock, down from their prior price objective of $150.00. Citigroup Inc.’s price objective suggests a potential upside of 17.11% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective on the stock in a report on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating and set a $126.00 price objective on shares of The Travelers Companies in a report on Monday, May 22nd. Argus upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a report on Monday, April 24th. BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $115.00 price objective on shares of The Travelers Companies in a report on Thursday, May 25th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $123.32.
Shares of The Travelers Companies (NYSE TRV) traded up 0.98% during mid-day trading on Monday, hitting $126.38. 1,329,398 shares of the stock were exchanged. The stock has a market cap of $34.87 billion, a PE ratio of 12.59 and a beta of 1.20. The Travelers Companies has a 12 month low of $103.45 and a 12 month high of $129.60. The stock’s 50 day moving average is $126.44 and its 200-day moving average is $122.05.
The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the company earned $2.20 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that The Travelers Companies will post $9.02 EPS for the current year.
The Travelers Companies announced that its board has approved a stock buyback program on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
In other The Travelers Companies news, SVP Douglas K. Russell sold 9,686 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $123.00, for a total value of $1,191,378.00. Following the sale, the senior vice president now owns 29,267 shares in the company, valued at approximately $3,599,841. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John P. Clifford, Jr. sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $120.92, for a total value of $665,060.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,377 shares of company stock worth $10,765,171. Insiders own 0.82% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TRV. Quadrature Capital Ltd bought a new stake in The Travelers Companies during the fourth quarter valued at approximately $8,044,000. RMB Capital Management LLC raised its stake in The Travelers Companies by 102.9% in the fourth quarter. RMB Capital Management LLC now owns 2,138 shares of the insurance provider’s stock valued at $262,000 after buying an additional 75,363 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in The Travelers Companies during the fourth quarter valued at approximately $6,001,000. HighPoint Advisor Group LLC raised its stake in The Travelers Companies by 1.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,921 shares of the insurance provider’s stock valued at $365,000 after buying an additional 33 shares in the last quarter. Finally, Becker Capital Management Inc. raised its stake in The Travelers Companies by 116.1% in the fourth quarter. Becker Capital Management Inc. now owns 5,100 shares of the insurance provider’s stock valued at $607,000 after buying an additional 2,740 shares in the last quarter. Institutional investors and hedge funds own 77.87% of the company’s stock.
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.
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