Travelers Companies (NYSE:TRV) Posts Quarterly Earnings Results, Beats Expectations By $0.61 EPS

Travelers Companies (NYSE:TRVGet Rating) posted its quarterly earnings results on Tuesday. The insurance provider reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.61, MarketWatch Earnings reports. The business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.03 billion. Travelers Companies had a return on equity of 12.27% and a net margin of 10.52%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.73 EPS.

Shares of NYSE TRV traded down $1.50 during mid-day trading on Friday, hitting $174.76. 7,026 shares of the stock traded hands, compared to its average volume of 1,523,022. The stock has a fifty day moving average price of $177.91 and a 200-day moving average price of $165.89. The company has a market cap of $41.93 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 4.62 and a beta of 0.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.34 and a current ratio of 0.34. Travelers Companies has a 52 week low of $144.44 and a 52 week high of $187.98.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 10th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.13%. This is a boost from Travelers Companies’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, June 9th. Travelers Companies’s payout ratio is presently 24.24%.

A number of analysts have commented on the company. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday. Evercore ISI assumed coverage on shares of Travelers Companies in a research note on Friday, January 21st. They set a “hold” rating and a $180.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $158.00 to $159.00 and gave the company an “underweight” rating in a research note on Thursday, January 6th. They noted that the move was a valuation call. Morgan Stanley increased their target price on Travelers Companies from $180.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Credit Suisse Group lifted their price target on Travelers Companies from $153.00 to $178.00 in a research report on Tuesday, January 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $178.64.

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Wednesday, January 26th. The shares were sold at an average price of $167.04, for a total transaction of $1,670,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 66,522 shares of the stock in a transaction that occurred on Wednesday, February 2nd. The shares were sold at an average price of $170.47, for a total value of $11,340,005.34. The disclosure for this sale can be found here. Insiders have sold 163,026 shares of company stock worth $27,862,876 in the last three months. 0.92% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Community Trust NA purchased a new position in Travelers Companies during the 4th quarter worth $132,000. Flagship Harbor Advisors LLC grew its position in Travelers Companies by 50.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,408 shares of the insurance provider’s stock worth $377,000 after purchasing an additional 809 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of Travelers Companies during the 4th quarter valued at about $441,000. Toroso Investments LLC lifted its holdings in shares of Travelers Companies by 24.1% in the 4th quarter. Toroso Investments LLC now owns 2,999 shares of the insurance provider’s stock valued at $469,000 after buying an additional 582 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Travelers Companies in the fourth quarter worth about $472,000. 80.85% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Company Profile (Get Rating)

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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Earnings History for Travelers Companies (NYSE:TRV)

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