ValuEngine Upgrades The Travelers Companies, Inc. (TRV) to “Buy”

ValuEngine upgraded shares of The Travelers Companies, Inc. (NYSE:TRV) from a hold rating to a buy rating in a research note released on Friday, September 1st.

A number of other brokerages also recently weighed in on TRV. Citigroup Inc. raised their price objective on The Travelers Companies from $140.00 to $150.00 and gave the company a buy rating in a research note on Thursday, July 13th. 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 research note on Tuesday, June 27th. Bank of America Corporation downgraded The Travelers Companies from a buy rating to a neutral rating and raised their price objective for the company from $120.62 to $129.44 in a research note on Monday, June 19th. Morgan Stanley reaffirmed an underweight rating and issued a $119.00 price target (up from $112.00) on shares of The Travelers Companies in a research report on Friday, July 7th. Finally, BidaskClub downgraded The Travelers Companies from a buy rating to a hold rating in a research report on Wednesday, July 12th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $126.26.

Shares of The Travelers Companies (NYSE:TRV) traded up 0.62% during midday trading on Friday, hitting $120.70. 3,062,500 shares of the company’s stock were exchanged. The firm has a market cap of $33.31 billion, a PE 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 stock’s 50-day moving average price is $125.15 and its 200 day moving average price is $123.83.

The Travelers Companies (NYSE:TRV) last announced 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 business had revenue of $6.35 billion for the quarter, compared to analyst estimates 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 was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.20 earnings per share. Equities research analysts forecast that The Travelers Companies will post $7.64 EPS for the current year.

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The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.39%. The Travelers Companies’s dividend payout ratio is presently 28.77%.

The Travelers Companies announced that its board has approved a share repurchase plan on Monday, September 11th that authorizes the company to repurchase shares. This repurchase authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

In other The Travelers Companies news, Vice Chairman Jay S. Benet sold 16,566 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 93,872 shares in the company, valued at $12,204,298.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 24,000 shares of the company’s stock in a transaction dated 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 directly owns 253,744 shares of the company’s stock, valued at $32,134,140.16. The disclosure for this sale can be found here. Insiders sold 150,395 shares of company stock valued at $19,249,559 in the last quarter. 0.82% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TRV. CWM LLC boosted its position in The Travelers Companies by 4.9% during the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 37 shares during the last quarter. Westside Investment Management Inc. boosted its position in The Travelers Companies by 361.1% during the first 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 during the last quarter. First Personal Financial Services boosted its position in The Travelers Companies by 133.3% during the first 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 during the last quarter. Tradewinds Capital Management LLC boosted its position in The Travelers Companies by 1.1% during 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 during the last quarter. Finally, Intellectus Partners LLC boosted its position in The Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 41 shares during the last quarter. 77.55% of the stock is owned by hedge funds and other 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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