The Travelers Companies, Inc. (TRV) Given a $125.00 Price Target at Wells Fargo & Co

Wells Fargo & Co set a $125.00 price target on The Travelers Companies, Inc. (NYSE:TRV) in a research report released on Thursday. The brokerage currently has a hold rating on the insurance provider’s stock.

Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded The Travelers Companies from a hold rating to a sell rating in a research note on Tuesday, September 5th. ValuEngine raised The Travelers Companies from a hold rating to a buy rating in a research note on Friday, September 1st. Citigroup Inc. lifted their target price 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. Credit Suisse Group decreased their target price on The Travelers Companies from $128.00 to $125.00 and set a neutral rating on the stock in a research note on Tuesday, September 12th. Finally, Vetr raised The Travelers Companies from a hold rating to a buy rating and set a $132.68 target price on the stock in a research note on Tuesday, June 27th. Five equities research 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. The stock currently has an average rating of Hold and a consensus price target of $126.95.

Shares of The Travelers Companies (NYSE TRV) traded up 0.11% on Thursday, hitting $133.32. The stock had a trading volume of 1,838,805 shares. The firm has a 50-day moving average price of $123.04 and a 200-day moving average price of $124.23. The Travelers Companies has a 52 week low of $103.45 and a 52 week high of $134.11. The stock has a market capitalization of $36.79 billion, a P/E ratio of 13.28 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by ($1.19). The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $2.40 EPS. Equities analysts expect that The Travelers Companies will post $7.44 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “The Travelers Companies, Inc. (TRV) Given a $125.00 Price Target at Wells Fargo & Co” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/20/the-travelers-companies-inc-trv-given-a-125-00-price-target-at-wells-fargo-co.html.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, December 8th. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

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

In other news, EVP Kenneth Franklin Spence III sold 4,800 shares of The Travelers Companies stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $128.73, for a total value of $617,904.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 14,000 shares of The Travelers Companies stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $125.79, for a total value of $1,761,060.00. Following the completion of the transaction, the insider now owns 253,744 shares of the company’s stock, valued at approximately $31,918,457.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,805 shares of company stock valued at $15,743,311. Company insiders own 0.82% of the company’s stock.

Several institutional investors have recently made changes to their positions in TRV. CWM LLC boosted its holdings in The Travelers Companies by 4.9% during the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 37 shares during the period. Westside Investment Management Inc. boosted its holdings in The Travelers Companies by 361.1% during the 1st quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after acquiring an additional 686 shares during the period. Tradewinds Capital Management LLC boosted its holdings 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 valued at $115,000 after acquiring an additional 10 shares during the period. Intellectus Partners LLC boosted its holdings in The Travelers Companies by 4.6% during the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after acquiring an additional 41 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in The Travelers Companies by 3.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC

Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded The Travelers Companies from a hold rating to a sell rating in a research note on Tuesday, September 5th. ValuEngine raised The Travelers Companies from a hold rating to a buy rating in a research note on Friday, September 1st. Citigroup Inc. lifted their target price 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. Credit Suisse Group decreased their target price on The Travelers Companies from $128.00 to $125.00 and set a neutral rating on the stock in a research note on Tuesday, September 12th. Finally, Vetr raised The Travelers Companies from a hold rating to a buy rating and set a $132.68 target price on the stock in a research note on Tuesday, June 27th. Five equities research 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. The stock currently has an average rating of Hold and a consensus price target of $126.95.

Shares of The Travelers Companies (NYSE TRV) traded up 0.11% on Thursday, hitting $133.32. The stock had a trading volume of 1,838,805 shares. The firm has a 50-day moving average price of $123.04 and a 200-day moving average price of $124.23. The Travelers Companies has a 52 week low of $103.45 and a 52 week high of $134.11. The stock has a market capitalization of $36.79 billion, a P/E ratio of 13.28 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by ($1.19). The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $2.40 EPS. Equities analysts expect that The Travelers Companies will post $7.44 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “The Travelers Companies, Inc. (TRV) Given a $125.00 Price Target at Wells Fargo & Co” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/20/the-travelers-companies-inc-trv-given-a-125-00-price-target-at-wells-fargo-co.html.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, December 8th. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

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

In other news, EVP Kenneth Franklin Spence III sold 4,800 shares of The Travelers Companies stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $128.73, for a total value of $617,904.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 14,000 shares of The Travelers Companies stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $125.79, for a total value of $1,761,060.00. Following the completion of the transaction, the insider now owns 253,744 shares of the company’s stock, valued at approximately $31,918,457.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,805 shares of company stock valued at $15,743,311. Company insiders own 0.82% of the company’s stock.

Several institutional investors have recently made changes to their positions in TRV. CWM LLC boosted its holdings in The Travelers Companies by 4.9% during the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 37 shares during the period. Westside Investment Management Inc. boosted its holdings in The Travelers Companies by 361.1% during the 1st quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after acquiring an additional 686 shares during the period. Tradewinds Capital Management LLC boosted its holdings 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 valued at $115,000 after acquiring an additional 10 shares during the period. Intellectus Partners LLC boosted its holdings in The Travelers Companies by 4.6% during the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after acquiring an additional 41 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in The Travelers Companies by 3.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors 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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