ValuEngine upgraded shares of The Travelers Companies, Inc. (NYSE:TRV) from a hold rating to a buy rating in a research note published on Friday morning.

Several other research analysts have also recently weighed in on TRV. Royal Bank Of Canada restated a buy rating and issued a $135.00 price objective on shares of The Travelers Companies in a research report on Monday, August 21st. Keefe, Bruyette & Woods restated a hold rating and issued a $115.00 price objective on shares of The Travelers Companies in a research report on Thursday, May 25th. MKM Partners reaffirmed a neutral rating and set a $130.00 target price (up previously from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. BidaskClub lowered shares of The Travelers Companies from a hold rating to a sell rating in a report on Monday, July 24th. Finally, Barclays PLC lifted their target price on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an equal weight rating in a report on Friday, August 11th. Five analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The Travelers Companies presently has an average rating of Hold and an average price target of $124.65.

Shares of The Travelers Companies (NYSE:TRV) opened at 119.90 on Friday. The Travelers Companies has a 12 month low of $103.45 and a 12 month high of $130.37. The firm has a market cap of $33.09 billion, a P/E ratio of 11.94 and a beta of 1.21. The stock’s 50 day moving average price is $126.78 and its 200-day moving average price is $123.97.

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

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

In other news, EVP Andy F. Bessette sold 3,300 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the completion of the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $1,285,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $125.21, for a total transaction of $690,908.78. Following the completion of the transaction, the insider now directly owns 82,824 shares of the company’s stock, valued at approximately $10,370,393.04. The disclosure for this sale can be found here. Insiders sold a total of 155,913 shares of company stock valued at $19,940,467 in the last three months. 0.82% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Balasa Dinverno & Foltz LLC grew its holdings in shares of The Travelers Companies by 0.3% in the 1st quarter. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider’s stock valued at $416,000 after buying an additional 9 shares during the period. Tradewinds Capital Management LLC grew its holdings in shares of The Travelers Companies by 1.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after buying an additional 10 shares during the period. Community Bank N.A. grew its holdings in shares of The Travelers Companies by 0.7% in the 2nd quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock valued at $181,000 after buying an additional 10 shares during the period. First Business Financial Services Inc. lifted its position in The Travelers Companies by 0.5% in the 2nd quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock valued at $552,000 after acquiring an additional 20 shares in the last quarter. Finally, Northern Oak Wealth Management Inc. lifted its position in The Travelers Companies by 0.5% in the 1st quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock valued at $587,000 after acquiring an additional 23 shares in the last quarter. 77.55% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for The Travelers Companies (NYSE:TRV)

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