Vetr Inc. Upgrades The Travelers Companies, Inc. (NYSE:TRV) to Buy

The Travelers Companies, Inc. (NYSE:TRV) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, June 27th. The brokerage currently has a $132.68 price target on the insurance provider’s stock. Vetr‘s price target would indicate a potential upside of 6.02% from the company’s previous close.

TRV has been the topic of a number of other research reports. Argus upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research note on Monday, April 24th. Royal Bank Of Canada reiterated a “buy” rating and issued a $126.00 target price on shares of The Travelers Companies in a research note on Monday, May 22nd. Citigroup Inc. increased their target price on The Travelers Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, April 7th. Keefe, Bruyette & Woods restated a “hold” rating and set a $115.00 price target on shares of The Travelers Companies in a research note on Thursday, May 25th. Finally, BidaskClub upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $123.47.

Shares of The Travelers Companies (TRV) traded up 0.47% during trading on Tuesday, hitting $125.15. 1,373,057 shares of the stock were exchanged. The Travelers Companies has a 52 week low of $103.45 and a 52 week high of $129.60. The firm’s 50 day moving average price is $126.44 and its 200-day moving average price is $122.05. The stock has a market cap of $34.53 billion, a P/E ratio of 12.46 and a beta of 1.21.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter in the previous year, the company posted $2.20 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts predict that The Travelers Companies will post $9.09 EPS for the current year.

The Travelers Companies announced that its board has approved a share buyback program on Thursday, April 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the insurance provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

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In related news, Vice Chairman Jay S. Benet sold 5,518 shares of The Travelers Companies stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $125.66, for a total transaction of $693,391.88. Following the completion of the transaction, the insider now directly owns 82,824 shares in the company, valued at $10,407,663.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 8,186 shares of The Travelers Companies stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $124.84, for a total value of $1,021,940.24. Following the transaction, the executive vice president now owns 88,697 shares of the company’s stock, valued at $11,072,933.48. The disclosure for this sale can be found here. Insiders have sold 190,264 shares of company stock valued at $23,233,448 in the last ninety days. Corporate insiders own 0.82% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in TRV. CWM LLC boosted its stake in The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after buying an additional 37 shares during the period. Westside Investment Management Inc. raised its stake in shares of The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after buying an additional 686 shares in the last quarter. First Personal Financial Services raised its stake in shares of The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after buying an additional 508 shares in the last quarter. Intellectus Partners LLC purchased a new stake in shares of The Travelers Companies during the fourth quarter worth about $109,000. Finally, Liberty Capital Management Inc. raised its stake in shares of The Travelers Companies by 434.8% in the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock worth $154,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 77.92% 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for The Travelers Companies (NYSE:TRV)

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