The Travelers Companies, Inc. (NYSE:TRV) has been given an average rating of “Hold” by the twenty-one analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $127.01.

A number of research firms recently weighed in on TRV. Buckingham Research began coverage on shares of The Travelers Companies in a report on Monday. They issued a “buy” rating and a $136.00 target price for the company. Zacks Investment Research raised shares of The Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company reissued a “hold” rating and issued a $125.00 target price on shares of The Travelers Companies in a report on Tuesday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $115.00 target price on shares of The Travelers Companies in a report on Thursday, May 25th. Finally, Credit Suisse Group cut their target price on shares of The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday.

In other news, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $128.72, for a total transaction of $710,276.96. Following the completion of the sale, the insider now directly owns 82,824 shares of the company’s stock, valued at $10,661,105.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 24,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 253,744 shares of the company’s stock, valued at $32,134,140.16. The disclosure for this sale can be found here. Insiders have sold 150,395 shares of company stock valued at $19,249,559 over the last three months. Insiders own 0.82% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of The Travelers Companies by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,769,557 shares of the insurance provider’s stock valued at $2,754,501,000 after acquiring an additional 217,625 shares in the last quarter. BlackRock Inc. raised its holdings in shares of The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock valued at $2,459,383,000 after acquiring an additional 19,585,476 shares in the last quarter. State Street Corp raised its holdings in shares of The Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock valued at $2,284,205,000 after acquiring an additional 304,049 shares in the last quarter. FMR LLC raised its holdings in shares of The Travelers Companies by 6.4% in the second quarter. FMR LLC now owns 7,020,581 shares of the insurance provider’s stock valued at $888,314,000 after acquiring an additional 424,036 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of The Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock valued at $364,779,000 after acquiring an additional 260,838 shares in the last quarter. 77.55% of the stock is owned by hedge funds and other institutional investors.

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The Travelers Companies (TRV) traded down 1.48% during midday trading on Friday, reaching $119.71. 1,183,038 shares of the company were exchanged. The company has a 50-day moving average of $125.64 and a 200 day moving average of $123.88. The firm has a market capitalization of $33.03 billion, a PE ratio of 11.92 and a beta of 1.21. The Travelers Companies has a 52 week low of $103.45 and a 52 week high of $130.37.

The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the business posted $2.20 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that The Travelers Companies will post $7.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is currently 28.77%.

The Travelers Companies announced that its Board of Directors has initiated a share buyback plan on Monday, September 11th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.

Analyst Recommendations for The Travelers Companies (NYSE:TRV)

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