Travelers Companies (NYSE:TRV) Posts Quarterly Earnings Results

Travelers Companies (NYSE:TRV) announced its quarterly earnings results on Wednesday. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.74 by ($0.05), RTT News reports. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.11 earnings per share.

Travelers Companies Stock Down 7.3 %

Shares of TRV stock traded down $16.32 during mid-day trading on Wednesday, reaching $206.80. 5,042,030 shares of the company’s stock traded hands, compared to its average volume of 1,475,532. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $222.02 and its 200-day moving average price is $196.10. The company has a market cap of $47.38 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.16 and a beta of 0.58.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.03%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is currently 31.27%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the transaction, the executive vice president now owns 14,080 shares in the company, valued at $2,966,374.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the sale, the executive vice president now owns 14,080 shares in the company, valued at $2,966,374.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,775 shares of company stock valued at $23,343,903. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Hedge funds have recently modified their holdings of the business. FWL Investment Management LLC bought a new position in shares of Travelers Companies during the 4th quarter valued at approximately $28,000. Quarry LP bought a new stake in shares of Travelers Companies in the 1st quarter worth about $31,000. AM Squared Ltd purchased a new position in shares of Travelers Companies during the 1st quarter worth about $34,000. Tyler Stone Wealth Management purchased a new position in shares of Travelers Companies during the 2nd quarter worth about $46,000. Finally, Altshuler Shaham Ltd bought a new position in Travelers Companies during the 4th quarter valued at about $46,000. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on TRV. Raymond James boosted their price objective on shares of Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Janney Montgomery Scott began coverage on shares of Travelers Companies in a research report on Wednesday, December 20th. They set a “buy” rating and a $215.00 target price for the company. Morgan Stanley raised their price objective on shares of Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $215.00 to $241.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $217.00.

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.