The Travelers Companies, Inc. (NYSE:TRV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.

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.”

Other research analysts have also recently issued reports about the company. Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a report on Monday, July 3rd. Citigroup Inc. reissued a “buy” rating and set a $148.00 price objective (down from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. Royal Bank Of Canada reissued a “buy” rating and set a $126.00 price objective on shares of The Travelers Companies in a report on Monday, May 22nd. BidaskClub upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, ValuEngine upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $126.26.

The Travelers Companies (TRV) opened at 120.89 on Thursday. The company has a market cap of $33.36 billion, a price-to-earnings ratio of 12.04 and a beta of 1.21. The Travelers Companies has a 12 month low of $103.45 and a 12 month high of $130.37. The company has a 50-day moving average of $125.64 and a 200-day moving average of $123.88.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.07 by ($0.15). The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.20 earnings per share. Analysts predict that The Travelers Companies will post $8.89 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 repurchase outstanding shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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In other news, Vice Chairman Jay S. Benet sold 16,566 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $130.01, for a total value of $2,153,745.66. Following the transaction, the insider now owns 93,872 shares in the company, valued at $12,204,298.72. The transaction was disclosed in a 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 firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total value of $3,039,360.00. Following the completion of the transaction, the insider now owns 253,744 shares in the company, valued at approximately $32,134,140.16. The disclosure for this sale can be found here. Insiders sold 150,395 shares of company stock worth $19,249,559 in the last 90 days. Corporate insiders own 0.82% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Balasa Dinverno & Foltz LLC lifted its holdings in shares of The Travelers Companies by 0.3% in the first quarter. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider’s stock valued at $416,000 after purchasing an additional 9 shares in the last quarter. Tradewinds Capital Management LLC lifted its holdings in shares of The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 10 shares in the last quarter. Community Bank N.A. lifted its holdings in shares of The Travelers Companies by 0.7% in the second quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock valued at $181,000 after purchasing an additional 10 shares in the last quarter. First Business Financial Services Inc. lifted its holdings in shares of The Travelers Companies by 0.5% in the second quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock valued at $552,000 after purchasing an additional 20 shares in the last quarter. Finally, Northern Oak Wealth Management Inc. lifted its holdings in shares of The Travelers Companies by 0.5% in the first quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock valued at $587,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 77.55% 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.

Analyst Recommendations for The Travelers Companies (NYSE:TRV)

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