The Travelers Companies, Inc. (TRV) Upgraded by Keefe, Bruyette & Woods to “Outperform”

Keefe, Bruyette & Woods upgraded shares of The Travelers Companies, Inc. (NYSE:TRV) from a market perform rating to an outperform rating in a research report sent to investors on Monday morning.

TRV has been the subject of several other research reports. Zacks Investment Research raised shares of The Travelers Companies from a sell rating to a hold rating in a research report on Wednesday, September 20th. Citigroup Inc. upped their price target on shares of The Travelers Companies from $140.00 to $150.00 and gave the stock a buy rating in a research report on Thursday, July 13th. BidaskClub cut shares of The Travelers Companies from a hold rating to a sell rating in a research report on Monday, July 24th. Buckingham Research assumed coverage on shares of The Travelers Companies in a research report on Monday, September 11th. They issued a buy rating and a $136.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $135.00 price target on shares of The Travelers Companies in a research report on Monday, August 21st. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $125.71.

The Travelers Companies (NYSE:TRV) opened at 128.82 on Monday. The company has a market cap of $35.55 billion, a P/E ratio of 12.83 and a beta of 1.20. The firm’s 50 day moving average is $122.17 and its 200-day moving average is $124.01. The Travelers Companies has a 52 week low of $103.45 and a 52 week high of $130.37.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.15). The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the company posted $2.20 EPS. The Travelers Companies’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that The Travelers Companies will post $7.30 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.24%. The Travelers Companies’s payout ratio is 28.77%.

In other The Travelers Companies news, EVP Kenneth Franklin Spence III sold 4,800 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $128.73, for a total transaction of $617,904.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $125.79, for a total transaction of $1,761,060.00. Following the transaction, the insider now owns 253,744 shares in the company, valued at approximately $31,918,457.76. 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 in the last 90 days. 0.82% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. CWM LLC increased its stake 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 purchasing an additional 37 shares in the last quarter. Westside Investment Management Inc. increased its stake 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 purchasing an additional 686 shares in the last quarter. Tradewinds Capital Management LLC increased its stake 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 purchasing an additional 10 shares in the last quarter. Intellectus Partners LLC increased its stake 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 purchasing an additional 41 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake 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 purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 77.40% of the company’s stock.

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.

Analyst Recommendations for The Travelers Companies (NYSE:TRV)

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