The Travelers Companies, Inc. (NYSE:TRV) had its target price reduced by equities research analysts at UBS AG from $126.00 to $125.00 in a research note issued on Tuesday. The firm currently has a “neutral” rating on the insurance provider’s stock. UBS AG’s price objective would indicate a potential upside of 3.55% from the company’s current price.

A number of other research firms have also recently weighed in on TRV. Zacks Investment Research upgraded The Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Wells Fargo & Company reiterated a “hold” rating and set a $125.00 target price on shares of The Travelers Companies in a research note on Tuesday, September 12th. Credit Suisse Group reduced their target price on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Buckingham Research assumed coverage on The Travelers Companies in a research note on Monday, September 11th. They set a “buy” rating and a $136.00 target price for the company. Finally, ValuEngine upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The Travelers Companies currently has an average rating of “Hold” and a consensus price target of $126.18.

Shares of The Travelers Companies (NYSE TRV) opened at 120.72 on Tuesday. The stock has a market capitalization of $33.31 billion, a P/E ratio of 12.02 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 company’s 50-day moving average is $124.96 and its 200-day moving average is $123.80.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 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 analyst estimates of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 EPS. On average, equities research analysts anticipate that The Travelers Companies will post $7.64 earnings per share for the current year.

The Travelers Companies declared that its board has approved a share buyback program on Monday, September 11th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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In other The Travelers Companies news, Vice Chairman Jay S. Benet sold 5,518 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $126.98, for a total transaction of $700,675.64. Following the transaction, the insider now owns 82,824 shares in the company, valued at approximately $10,516,991.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Jay S. Benet sold 16,566 shares of the firm’s stock in a transaction 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 approximately $12,204,298.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,877 shares of company stock worth $18,539,282. Corporate insiders own 0.82% of the company’s stock.

Hedge funds have recently modified their holdings of the business. CWM LLC boosted its holdings in shares of 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 purchasing an additional 37 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in shares of 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 purchasing an additional 686 shares in the last quarter. First Personal Financial Services boosted its holdings in shares of 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 purchasing an additional 508 shares in the last quarter. Tradewinds Capital Management LLC boosted 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 purchasing an additional 10 shares in the last quarter. Finally, Intellectus Partners LLC boosted its holdings in shares of 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 purchasing an additional 41 shares in the last quarter. 77.48% of the stock is currently owned by hedge funds and other institutional investors.

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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