Travelers Companies (NYSE:TRV) issued its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.28), Bloomberg Earnings reports. Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The company had revenue of $7.45 billion during 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 firm’s revenue for the quarter was up 3.6% on a year-over-year basis.
Shares of Travelers Companies (TRV) traded up $2.02 during mid-day trading on Wednesday, hitting $140.60. The stock had a trading volume of 1,907,066 shares, compared to its average volume of 2,230,000. Travelers Companies has a 12-month low of $113.76 and a 12-month high of $150.55. The firm has a market capitalization of $38,480.00, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.84 and a beta of 1.26. The company has a quick ratio of 0.41, a current ratio of 0.39 and a debt-to-equity ratio of 0.28.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Thursday, March 8th. Travelers Companies’s payout ratio is 33.33%.
In other news, Director Philip T. Ruegger III purchased 1,600 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $136.44 per share, with a total value of $218,304.00. Following the completion of the purchase, the director now owns 28,277 shares of the company’s stock, valued at approximately $3,858,113.88. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Brian W. Maclean sold 88,607 shares of Travelers Companies stock in a transaction dated 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 directly owns 211,293 shares in the company, valued at $31,543,931.97. The disclosure for this sale can be found here. Insiders have sold 181,599 shares of company stock worth $26,221,541 over the last three months. Insiders own 0.82% of the company’s stock.
Travelers Companies announced that its Board of Directors has approved a share buyback plan on Thursday, November 9th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
Several research firms recently weighed in on TRV. Atlantic Securities raised Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price objective on the stock in a research note on Friday, January 26th. Credit Suisse Group raised their price objective on Travelers Companies from $141.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $142.00 price objective on shares of Travelers Companies in a research note on Tuesday, January 23rd. Goldman Sachs Group began coverage on Travelers Companies in a research note on Monday, December 4th. They issued a “sell” rating and a $124.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $152.00 price objective on shares of Travelers Companies in a research note on Wednesday, December 6th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $136.07.
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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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