The Travelers Companies, Inc. (NYSE:TRV) had its price target hoisted by stock analysts at Citigroup Inc. from $143.00 to $151.00 in a report issued on Friday. The brokerage currently has a “buy” rating on the insurance provider’s stock. Citigroup Inc.’s price objective indicates a potential upside of 13.26% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. BidaskClub cut The Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective on the stock in a report on Tuesday, June 27th. Barclays PLC increased their price objective on The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Finally, MKM Partners reissued a “neutral” rating and set a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $126.95.

Shares of The Travelers Companies (TRV) opened at 133.32 on Friday. The Travelers Companies has a 12-month low of $103.45 and a 12-month high of $134.11. The firm has a market cap of $36.79 billion, a P/E ratio of 13.28 and a beta of 1.20. The stock’s 50 day moving average price is $123.39 and its 200-day moving average price is $124.33.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The firm had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the company earned $2.40 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that The Travelers Companies will post $7.44 earnings per share for the current fiscal year.

The Travelers Companies declared that its Board of Directors has approved a stock repurchase plan on Monday, September 11th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

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In related news, EVP Michael Frederick Klein sold 10,051 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $127.47, for a total transaction of $1,281,200.97. Following the transaction, the executive vice president now directly owns 1,542 shares in the company, valued at approximately $196,558.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 stock was sold at an average price of $126.64, for a total value of $3,039,360.00. Following the transaction, the insider now owns 253,744 shares in the company, valued at $32,134,140.16. The disclosure for this sale can be found here. Insiders have sold a total of 122,805 shares of company stock worth $15,743,311 over the last quarter. Corporate insiders own 0.82% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tradewinds Capital Management LLC grew its position in The Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 10 shares during the last quarter. Community Bank N.A. grew its position in The Travelers Companies by 0.7% during the 2nd quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock worth $181,000 after acquiring an additional 10 shares during the last quarter. First Business Financial Services Inc. grew its position in The Travelers Companies by 0.5% during the 2nd quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock worth $552,000 after acquiring an additional 20 shares during the last quarter. Northern Oak Wealth Management Inc. grew its position in The Travelers Companies by 0.5% during the 1st quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock worth $587,000 after acquiring an additional 23 shares during the last quarter. Finally, Lee Danner & Bass Inc. grew its position in The Travelers Companies by 0.4% during the 2nd quarter. Lee Danner & Bass Inc. now owns 6,574 shares of the insurance provider’s stock worth $832,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 77.40% 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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