Brokerages expect The Travelers Companies (NYSE:TRV) to announce earnings of $2.75 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for The Travelers Companies’ earnings. The highest EPS estimate is $3.07 and the lowest is $2.47. The Travelers Companies reported earnings of $2.16 per share in the same quarter last year, which would suggest a positive year over year growth rate of 27.3%. The firm is expected to issue its next earnings results before the market opens on Tuesday, April 24th.
According to Zacks, analysts expect that The Travelers Companies will report full year earnings of $10.58 per share for the current financial year, with EPS estimates ranging from $9.80 to $11.20. For the next fiscal year, analysts forecast that the firm will report earnings of $11.28 per share, with EPS estimates ranging from $10.25 to $12.45. Zacks’ EPS averages are a mean average based on a survey of research firms that cover The Travelers Companies.
The Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). The Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The firm had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the previous year, the business posted $3.20 EPS. The Travelers Companies’s revenue was up 3.6% on a year-over-year basis.
A number of equities research analysts have commented on TRV shares. Barclays restated a “hold” rating and set a $140.00 target price (up previously from $135.00) on shares of The Travelers Companies in a research note on Sunday, February 18th. Wells Fargo restated a “market perform” rating and set a $142.00 target price on shares of The Travelers Companies in a research note on Tuesday, January 23rd. Zacks Investment Research cut shares of The Travelers Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Bank of America upgraded shares of The Travelers Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Finally, Atlantic Securities upgraded shares of The Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price objective on the stock in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The Travelers Companies presently has an average rating of “Hold” and a consensus price target of $138.07.
In related news, COO Brian W. Maclean sold 88,607 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $149.29, for a total value of $13,228,139.03. Following the sale, the chief operating officer now owns 211,293 shares in the company, valued at $31,543,931.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andy F. Bessette sold 17,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.42, for a total transaction of $2,421,140.00. Following the completion of the sale, the executive vice president now owns 28,327 shares in the company, valued at approximately $4,034,331.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 204,912 shares of company stock worth $29,890,095. Company insiders own 0.82% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Stelac Advisory Services LLC bought a new stake in The Travelers Companies in the fourth quarter worth $101,000. Field & Main Bank bought a new stake in The Travelers Companies in the fourth quarter worth $102,000. CNB Bank bought a new stake in The Travelers Companies in the fourth quarter worth $113,000. Fieldpoint Private Securities LLC bought a new stake in The Travelers Companies in the third quarter worth $106,000. Finally, Valeo Financial Advisors LLC bought a new stake in The Travelers Companies in the third quarter worth $108,000. Institutional investors own 80.14% of the company’s stock.
NYSE TRV traded down $1.00 on Thursday, reaching $136.29. 1,030,611 shares of the stock were exchanged, compared to its average volume of 1,555,010. The Travelers Companies has a one year low of $113.76 and a one year high of $150.55. The stock has a market cap of $37,264.35, a price-to-earnings ratio of 18.72, a PEG ratio of 1.73 and a beta of 1.25. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.28.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 9th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Thursday, March 8th. The Travelers Companies’s payout ratio is currently 39.56%.
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About The Travelers Companies
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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