The Travelers Companies, Inc. (NYSE:TRV) gapped up before the market opened on Monday . The stock had previously closed at $116.01, but opened at $119.76. The Travelers Companies shares last traded at $122.56, with a volume of 3,439,908 shares traded.

Several research firms recently weighed in on TRV. Barclays PLC boosted their target price 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. Bank of America Corporation lowered The Travelers Companies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. BidaskClub raised The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of The Travelers Companies in a research report on Tuesday, June 20th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $135.00 price target on shares of The Travelers Companies in a research report on Monday, August 21st. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $126.26.

The company has a market cap of $33.71 billion, a price-to-earnings ratio of 12.16 and a beta of 1.21. The stock’s 50-day moving average price is $125.75 and its 200-day moving average price is $123.88.

The Travelers Companies (NYSE:TRV) last announced 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 company had revenue of $6.35 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business posted $2.20 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post $8.89 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 2.35%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

The Travelers Companies announced that its Board of Directors has initiated a stock repurchase program 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. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

In related news, EVP Gregory C. Toczydlowski sold 21,527 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.30, for a total value of $2,783,441.10. Following the sale, the executive vice president now owns 28,452 shares of the company’s stock, valued at approximately $3,678,843.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Andy F. Bessette sold 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $128.50, for a total value of $424,050.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $1,285,000. The disclosure for this sale can be found here. In the last three months, insiders sold 150,395 shares of company stock worth $19,249,559. Company insiders own 0.82% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TRV. CWM LLC increased its position in The Travelers Companies by 4.9% in the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 37 shares during the period. Westside Investment Management Inc. increased its position in The Travelers Companies by 361.1% in the 1st quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after acquiring an additional 686 shares during the period. First Personal Financial Services increased its position in The Travelers Companies by 133.3% in the 1st quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock valued at $107,000 after acquiring an additional 508 shares during the period. Tradewinds Capital Management LLC increased its position in 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 acquiring an additional 10 shares during the period. Finally, Intellectus Partners LLC increased its position in The Travelers Companies by 4.6% in the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after acquiring an additional 41 shares during the period. Hedge funds and other institutional investors own 77.55% of the company’s stock.

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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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