The Travelers Companies, Inc. (TRV) Receives Buy Rating from Citigroup Inc.

The Travelers Companies, Inc. (NYSE:TRV)‘s stock had its “buy” rating reissued by research analysts at Citigroup Inc. in a research note issued to investors on Monday, July 24th. They presently have a $148.00 price objective on the insurance provider’s stock, down from their previous price objective of $150.00. Citigroup Inc.’s price target indicates a potential upside of 15.72% from the stock’s current price.

Several other analysts have also recently issued reports on TRV. Argus upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a report on Monday, April 24th. Royal Bank Of Canada restated a “buy” rating and issued a $126.00 price objective on shares of The Travelers Companies in a report on Monday, May 22nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $115.00 price objective on shares of The Travelers Companies in a report on Thursday, May 25th. BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $120.62 to $129.44 in a report on Monday, June 19th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $124.01.

Shares of The Travelers Companies (NYSE TRV) opened at 127.89 on Monday. The firm has a 50-day moving average price of $127.31 and a 200-day moving average price of $123.52. The stock has a market capitalization of $35.29 billion, a P/E ratio of 12.74 and a beta of 1.20. 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 released 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 company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the company earned $2.20 EPS. The firm’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 $8.90 EPS for the current year.

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In related news, EVP Andy F. Bessette sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the completion of the sale, the executive vice president now owns 10,000 shares in the company, valued at $1,285,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 7,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $123.48, for a total transaction of $864,360.00. Following the completion of the sale, the insider now owns 246,744 shares of the company’s stock, valued at approximately $30,467,949.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 194,303 shares of company stock worth $24,702,936. Insiders own 0.82% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. CWM LLC boosted its position in shares of 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 last quarter. Westside Investment Management Inc. boosted its position 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 during the last quarter. First Personal Financial Services boosted its position 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 during the last quarter. Tradewinds Capital Management LLC boosted its position in shares of The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after buying an additional 10 shares during the last quarter. Finally, Intellectus Partners LLC boosted its position in shares of The Travelers Companies by 4.6% in the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after buying an additional 41 shares during the last quarter. Institutional investors own 78.24% 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.

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