The Travelers Companies, Inc. (TRV) Given New $125.00 Price Target at UBS AG

The Travelers Companies, Inc. (NYSE:TRV) had its target price trimmed by UBS AG from $126.00 to $125.00 in a research report released on Tuesday morning. The brokerage currently has a neutral rating on the insurance provider’s stock.

Several other brokerages have also issued reports on TRV. Barclays PLC boosted their target price on The Travelers Companies from $119.00 to $122.00 and gave the company 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 boosted their target price for the company from $120.62 to $129.44 in a research note on Monday, June 19th. BidaskClub upgraded The Travelers Companies from a hold rating to a buy rating in a research note on Saturday, June 17th. Keefe, Bruyette & Woods restated a hold rating on shares of The Travelers Companies in a research note on Tuesday, June 20th. Finally, Royal Bank Of Canada restated a buy rating and issued a $135.00 target price on shares of The Travelers Companies in a research note on Monday, August 21st. Five analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $126.18.

The Travelers Companies (NYSE:TRV) opened at 120.6753 on Tuesday. The Travelers Companies has a one year low of $103.45 and a one year high of $130.37. The firm has a market capitalization of $33.30 billion, a price-to-earnings ratio of 12.0171 and a beta of 1.21. The firm has a 50-day moving average price of $124.75 and a 200-day moving average price of $123.78.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results 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 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 business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 earnings per share. Analysts expect that The Travelers Companies will post $7.64 EPS for the current year.

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

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 paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.39%. The Travelers Companies’s payout ratio is 28.77%.

In related news, Vice Chairman Jay S. Benet sold 16,566 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $130.01, for a total transaction of $2,153,745.66. Following the completion of the transaction, the insider now directly owns 93,872 shares in the company, valued at $12,204,298.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $125.66, for a total value of $693,391.88. Following the transaction, the insider now owns 82,824 shares of the company’s stock, valued at $10,407,663.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,877 shares of company stock valued at $18,539,282. 0.82% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of TRV. Community Bank N.A. grew its position in The Travelers Companies by 39.0% during the first quarter. Community Bank N.A. now owns 1,425 shares of the insurance provider’s stock worth $172,000 after buying an additional 400 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in The Travelers Companies by 4.0% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 8,680 shares of the insurance provider’s stock worth $1,046,000 after buying an additional 331 shares in the last quarter. TIAA CREF Trust Co. FSB MO grew its position in The Travelers Companies by 13.7% during the first quarter. TIAA CREF Trust Co. FSB MO now owns 149,005 shares of the insurance provider’s stock worth $17,961,000 after buying an additional 17,971 shares in the last quarter. Girard Partners LTD. grew its position in The Travelers Companies by 13.7% during the first quarter. Girard Partners LTD. now owns 43,169 shares of the insurance provider’s stock worth $5,204,000 after buying an additional 5,214 shares in the last quarter. Finally, HPM Partners LLC grew its position in The Travelers Companies by 20.5% during the first quarter. HPM Partners LLC now owns 21,089 shares of the insurance provider’s stock worth $2,542,000 after buying an additional 3,586 shares in the last quarter. Institutional investors and hedge funds own 77.48% 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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