Travelers Companies (NYSE:TRV) released its quarterly earnings data on Monday. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28), RTT News reports. Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The firm had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the previous year, the firm posted $3.20 EPS. Travelers Companies’s revenue was up 3.6% compared to the same quarter last year.
Travelers Companies (TRV) opened at $139.35 on Tuesday. Travelers Companies has a 52-week low of $113.76 and a 52-week high of $139.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market cap of $38,140.00, a PE ratio of 16.13, a P/E/G ratio of 1.88 and a beta of 1.25.
TRV has been the topic of a number of analyst reports. B. Riley restated a “neutral” rating on shares of Travelers Companies in a research report on Monday, November 6th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $152.00 price objective on shares of Travelers Companies in a research report on Wednesday, December 6th. Royal Bank of Canada boosted their price objective on shares of Travelers Companies to $140.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Wells Fargo & Co restated a “hold” rating and issued a $133.00 price objective on shares of Travelers Companies in a research report on Tuesday. Finally, Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Travelers Companies presently has an average rating of “Hold” and an average price target of $134.88.
In related news, EVP Andy F. Bessette sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total transaction of $265,960.00. Following the transaction, the executive vice president now owns 8,000 shares in the company, valued at $1,063,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Olivo sold 33,225 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total transaction of $4,458,130.50. The disclosure for this sale can be found here. Insiders have sold 55,302 shares of company stock worth $7,347,753 in the last quarter. 0.82% of the stock is owned by corporate insiders.
Travelers Companies declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 9th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
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About 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.
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