A number of firms have modified their ratings and price targets on shares of The Travelers Companies (NYSE: TRV) recently:

  • 10/2/2017 – The Travelers Companies had its price target lowered by analysts at Citigroup Inc. from $142.00 to $140.00. They now have a “buy” rating on the stock.
  • 9/20/2017 – The Travelers Companies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Travelers boast a strong market position as one of the leading writers of auto and homeowners’ insurance and commercial U.S. property-casualty insurance. Its inorganic growth story remains impressive. It has been generating sufficient capital, which it prudently deploys to enhance shareholders’ value. Solid retention and a positive renewal rate change are positives. Shares of Travelers have underperformed the industry year to date. Also, the company witnessed its 2017 and 2018 estimates moving south over the last 60 days. Competitive property and casualty insurance market can challenge Travelers' growth prospects. Low interest rate environment and adverse foreign currency movements continue to weigh on written premiums, while exposure to catastrophe losses pose headwind for underwriting results. Also, it estimates $15–$20 million lower after-tax net investment income on a quarterly basis.”
  • 9/19/2017 – The Travelers Companies had its price target lowered by analysts at UBS AG from $126.00 to $125.00. They now have a “neutral” rating on the stock.
  • 9/14/2017 – The Travelers Companies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Travelers boasts a strong market position as one of the leading writers of auto and homeowners’ insurance and commercial U.S. property-casualty insurance. Its inorganic growth story remains impressive. It has been generating sufficient capital, which it prudently deploys to enhance shareholders’ value. Solid retention and a positive renewal rate change are positives. However, competitive property and casualty insurance market can challenge Travelers' growth prospects. Low interest rate environment and adverse foreign currency movements continue to weigh on written premiums, while exposure to catastrophe losses pose headwind for underwriting results. Also, it estimates $15–$20 million lower after-tax net investment income on a quarterly basis. Moreover, shares of Travelers underperformed the industry year to date. The company witnessed its 2017 and 2018 estimates moving south over the last 60 days.”
  • 9/12/2017 – The Travelers Companies had its price target lowered by analysts at Credit Suisse Group from $128.00 to $125.00. They now have a “neutral” rating on the stock.
  • 9/12/2017 – The Travelers Companies had its “hold” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $125.00 price target on the stock. They wrote, “We are lowering our Q3 2017 EPS estimate to $0.81 (from income of $1.78) as we are now including $715 million of catastrophe losses, which includes the previewed losses from Harvey and a modest level of additional losses during the quarter. We are not yet including Hurricane Irma losses in our estimate until we get a clearer sense on the size of the industry loss (our current assumption is Irma will be a $40 billion loss for the industry).  TRV’s preannounced losses from Harvey are in-line with our estimate. Our assumption remains that Hurricane Harvey losses will end up at about $20 billion for the insurance industry and Hurricane Irma losses will add another $40 billion. Based on TRV’s market share in the impacted lines in Texas we had assumed the company would see about $547 million of pre-tax losses from Hurricane Harvey, which is within the range of losses TRV preannounced.””
  • 9/11/2017 – The Travelers Companies is now covered by analysts at Buckingham Research. They set a “buy” rating and a $136.00 price target on the stock.
  • 9/5/2017 – The Travelers Companies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Competitive property and casualty insurance market can challenge Travelers' growth prospects. Low interest rate environment and adverse foreign currency movements continue to weigh on written premiums, while exposure to catastrophe losses pose headwind for underwriting results. Also, it estimates $15–$20 million lower after-tax net investment income on a quarterly basis. Moreover, shares of Travelers underperformed the industry year to date. The company witnessed its 2017 and 2018 estimates moving south over the last 60 days. Nonetheless, Travelers boasts a strong market position as one of the leading writers of auto and homeowners’ insurance and commercial U.S. property-casualty insurance. Its inorganic growth story remains impressive. It has been generating sufficient capital, which it prudently deploys to enhance shareholders’ value. Solid retention and a positive renewal rate change are positives.”
  • 9/1/2017 – The Travelers Companies was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/21/2017 – The Travelers Companies had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $135.00 price target on the stock.
  • 8/11/2017 – The Travelers Companies had its price target raised by analysts at Barclays PLC from $119.00 to $122.00. They now have an “equal weight” rating on the stock.

The Travelers Companies, Inc. (TRV) opened at 123.70 on Wednesday. The company has a market cap of $34.13 billion, a price-to-earnings ratio of 12.32 and a beta of 1.20. The stock has a 50 day moving average price of $122.87 and a 200 day moving average price of $123.79. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.37.

The Travelers Companies (NYSE:TRV) last issued its earnings results 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 company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The Travelers Companies’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.20 earnings per share. Analysts anticipate that The Travelers Companies, Inc. will post $7.71 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Thursday, September 7th. The Travelers Companies’s dividend payout ratio is presently 28.77%.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 24,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the transaction, the insider now directly owns 253,744 shares in the company, valued at approximately $32,134,140.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andy F. Bessette sold 3,300 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $128.50, for a total value of $424,050.00. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at $1,285,000. The disclosure for this sale can be found here. Insiders have sold 133,841 shares of company stock valued at $17,135,116 in the last ninety days. Insiders own 0.82% of the company’s stock.

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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