The Travelers Companies, Inc. (NYSE:TRV) had its target price raised by equities researchers at Royal Bank Of Canada to $140.00 in a note issued to investors on Friday, The Fly reports. The brokerage presently has an “outperform” rating on the insurance provider’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 5.13% from the company’s previous close.

TRV has been the topic of a number of other research reports. Citigroup Inc. cut their price target on shares of The Travelers Companies from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. Credit Suisse Group cut their price target on shares of The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Zacks Investment Research upgraded shares of The Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. ValuEngine upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Morgan Stanley reiterated an “underweight” rating and set a $119.00 price target (up previously from $112.00) on shares of The Travelers Companies in a report on Friday, July 7th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $126.95.

The Travelers Companies (NYSE:TRV) traded down 0.17% on Friday, reaching $132.94. The company’s stock had a trading volume of 872,174 shares. The firm has a market cap of $36.68 billion, a P/E ratio of 13.24 and a beta of 1.20. The Travelers Companies has a 12 month low of $103.45 and a 12 month high of $134.11. The firm’s 50 day moving average is $123.04 and its 200-day moving average is $124.23.

The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.40 EPS. On average, equities research analysts anticipate that The Travelers Companies will post $7.25 EPS for the current year.

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

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In other news, Vice Chairman William H. Heyman sold 24,000 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the completion of the transaction, the insider now directly owns 253,744 shares of the company’s stock, valued at approximately $32,134,140.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jay S. Benet sold 16,566 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $130.01, for a total transaction of $2,153,745.66. Following the transaction, the insider now directly owns 93,872 shares of the company’s stock, valued at $12,204,298.72. The disclosure for this sale can be found here. Insiders have sold a total of 122,805 shares of company stock valued at $15,743,311 over the last three months. Insiders own 0.82% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale lifted its stake in shares of The Travelers Companies by 5.4% during 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 in the last quarter. Palisade Asset Management LLC lifted its stake in shares of The Travelers Companies by 2.2% during 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 in the last quarter. IBM Retirement Fund lifted its stake in shares of The Travelers Companies by 109.5% during 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 in the last quarter. Wetherby Asset Management Inc. lifted its stake in shares of The Travelers Companies by 4.5% during 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 in the last quarter. Finally, BB&T Securities LLC lifted its stake in shares of The Travelers Companies by 5.1% during 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 in the last quarter. Institutional investors own 77.40% 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.

The Fly

Analyst Recommendations for The Travelers Companies (NYSE:TRV)

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