Analysts expect Travelers Companies Inc (NYSE:TRV) to post $2.37 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Travelers Companies’ earnings, with the lowest EPS estimate coming in at $2.09 and the highest estimate coming in at $2.70. Travelers Companies posted earnings of $2.54 per share during the same quarter last year, which suggests a negative year over year growth rate of 6.7%. The business is scheduled to report its next earnings results on Thursday, October 17th.
According to Zacks, analysts expect that Travelers Companies will report full year earnings of $10.63 per share for the current year, with EPS estimates ranging from $10.15 to $11.05. For the next financial year, analysts anticipate that the business will report earnings of $11.56 per share, with EPS estimates ranging from $10.50 to $12.30. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Travelers Companies.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $2.02 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.30). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same period last year, the business earned $1.81 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year.
Several brokerages have weighed in on TRV. Buckingham Research downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a report on Friday, July 19th. Morgan Stanley dropped their price target on shares of Travelers Companies from $140.00 to $136.00 and set an “underweight” rating for the company in a research report on Thursday, August 15th. Keefe, Bruyette & Woods cut shares of Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 price objective for the company. in a research note on Wednesday, June 5th. Deutsche Bank downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price objective on the stock. in a research report on Thursday, June 27th. Finally, ValuEngine cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Travelers Companies currently has a consensus rating of “Hold” and an average price target of $148.78.
In related news, Director Philip T. Ruegger III purchased 700 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were acquired at an average price of $147.49 per share, for a total transaction of $103,243.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jay S. Benet sold 21,972 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $146.59, for a total transaction of $3,220,875.48. Following the transaction, the insider now directly owns 94,588 shares of the company’s stock, valued at approximately $13,865,654.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,566 shares of company stock valued at $8,347,056. Insiders own 0.73% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Advantage Investment Management LLC bought a new stake in Travelers Companies in the 2nd quarter worth approximately $25,000. Next Capital Management LLC bought a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $25,000. Krane Funds Advisors LLC bought a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $25,000. Virtus ETF Advisers LLC purchased a new position in shares of Travelers Companies in the second quarter valued at $25,000. Finally, Interactive Financial Advisors purchased a new position in shares of Travelers Companies in the first quarter valued at $27,000. 81.41% of the stock is currently owned by hedge funds and other institutional investors.
Travelers Companies stock traded down $0.34 during midday trading on Friday, hitting $146.23. The stock had a trading volume of 1,406,102 shares, compared to its average volume of 1,309,924. Travelers Companies has a 52-week low of $111.08 and a 52-week high of $155.09. The company has a market capitalization of $38.02 billion, a PE ratio of 16.36, a P/E/G ratio of 1.41 and a beta of 0.93. The firm’s fifty day moving average is $147.69 and its two-hundred day moving average is $144.11. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.26.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.28 annualized dividend and a yield of 2.24%. Travelers Companies’s payout ratio is 36.69%.
Travelers Companies Company Profile
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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