The Travelers Companies, Inc. (NYSE:TRV) had its target price dropped by investment analysts at Credit Suisse Group from $128.00 to $125.00 in a research note issued on Tuesday. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Credit Suisse Group’s price objective points to a potential upside of 1.99% from the company’s previous close.

Several other research analysts also recently issued reports on the company. Buckingham Research began coverage on The Travelers Companies in a research note on Monday. They set a “buy” rating and a $136.00 price target for the company. Zacks Investment Research downgraded The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. ValuEngine raised The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $135.00 price target on shares of The Travelers Companies in a research note on Monday, August 21st. Finally, Barclays PLC lifted their price target on The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $126.34.

The Travelers Companies (NYSE TRV) traded down 0.35% during midday trading on Tuesday, hitting $122.13. 328,061 shares of the stock were exchanged. The firm has a 50-day moving average price of $125.84 and a 200-day moving average price of $123.89. The stock has a market cap of $33.70 billion, a P/E ratio of 12.16 and a beta of 1.21. The Travelers Companies has a one year low of $103.45 and a one year high of $130.37.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by $0.15. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $2.20 EPS. On average, equities research analysts anticipate that The Travelers Companies will post $8.89 EPS for the current fiscal year.

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In other The Travelers Companies news, Vice Chairman William H. Heyman sold 24,000 shares of The Travelers Companies stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total value of $3,039,360.00. Following the completion of the sale, the insider now 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 can be accessed through this link. Also, Vice Chairman Jay S. Benet sold 5,518 shares of The Travelers Companies stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $125.66, for a total value of $693,391.88. Following the completion of the sale, the insider now owns 82,824 shares of the company’s stock, valued at approximately $10,407,663.84. The disclosure for this sale can be found here. Insiders sold a total of 150,395 shares of company stock valued at $19,249,559 in the last 90 days. 0.82% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Usca Ria LLC grew its holdings in shares of The Travelers Companies by 123.2% during the 1st quarter. Usca Ria LLC now owns 14,339 shares of the insurance provider’s stock worth $1,728,000 after purchasing an additional 7,915 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of The Travelers Companies by 11.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,523 shares of the insurance provider’s stock worth $304,000 after purchasing an additional 258 shares during the period. OLD National Bancorp IN grew its holdings in shares of The Travelers Companies by 8.9% during the 1st quarter. OLD National Bancorp IN now owns 3,884 shares of the insurance provider’s stock worth $468,000 after purchasing an additional 317 shares during the period. Commerzbank Aktiengesellschaft FI grew its holdings in shares of The Travelers Companies by 54.6% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 51,066 shares of the insurance provider’s stock worth $6,155,000 after purchasing an additional 18,033 shares during the period. Finally, Webster Bank N. A. grew its holdings in shares of The Travelers Companies by 2.5% during the 1st quarter. Webster Bank N. A. now owns 43,632 shares of the insurance provider’s stock worth $5,260,000 after purchasing an additional 1,059 shares during the period. Institutional investors own 77.55% 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)

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