The Travelers Companies, Inc. (NYSE:TRV) Expected to Post Earnings of $2.13 Per Share

Analysts expect The Travelers Companies, Inc. (NYSE:TRVGet Rating) to report earnings of $2.13 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Travelers Companies’ earnings. The highest EPS estimate is $2.44 and the lowest is $1.47. Travelers Companies posted earnings per share of $3.45 in the same quarter last year, which indicates a negative year-over-year growth rate of 38.3%. The firm is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Travelers Companies will report full-year earnings of $13.48 per share for the current fiscal year, with EPS estimates ranging from $11.95 to $15.00. For the next fiscal year, analysts anticipate that the firm will post earnings of $14.53 per share, with EPS estimates ranging from $13.50 to $17.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Travelers Companies.

Travelers Companies (NYSE:TRVGet Rating) last announced its earnings results on Tuesday, April 19th. The insurance provider reported $4.22 EPS for the quarter, topping the consensus estimate of $3.61 by $0.61. The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.03 billion. Travelers Companies had a net margin of 11.18% and a return on equity of 13.78%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $2.73 EPS.

Several brokerages have commented on TRV. Barclays raised their target price on shares of Travelers Companies from $170.00 to $185.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 12th. MKM Partners raised their target price on shares of Travelers Companies from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, April 6th. Royal Bank of Canada raised their target price on shares of Travelers Companies from $170.00 to $190.00 and gave the stock a “sector perform” rating in a report on Monday, April 4th. Zacks Investment Research upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $199.00 target price on the stock in a report on Monday, March 28th. Finally, Credit Suisse Group lifted their price objective on shares of Travelers Companies from $153.00 to $178.00 in a report on Tuesday, January 25th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $178.64.

Shares of TRV stock opened at $171.76 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $41.22 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 3.68 and a beta of 0.70. The company’s 50 day moving average price is $178.18 and its two-hundred day moving average price is $166.89. Travelers Companies has a 52 week low of $144.44 and a 52 week high of $187.98.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 10th will be issued a $0.93 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, June 9th. Travelers Companies’s dividend payout ratio (DPR) is currently 22.28%.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 9th. The shares were sold at an average price of $174.12, for a total transaction of $348,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 43,000 shares of Travelers Companies stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $171.85, for a total transaction of $7,389,550.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,744 shares of company stock worth $15,109,607. 1.07% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TRV. Van ECK Associates Corp boosted its holdings in shares of Travelers Companies by 24.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,743 shares of the insurance provider’s stock worth $265,000 after buying an additional 337 shares during the last quarter. Lincoln National Corp boosted its holdings in shares of Travelers Companies by 2.7% in the 3rd quarter. Lincoln National Corp now owns 2,806 shares of the insurance provider’s stock worth $426,000 after buying an additional 74 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of Travelers Companies by 3.5% in the 3rd quarter. Advisor Group Holdings Inc. now owns 58,230 shares of the insurance provider’s stock worth $8,859,000 after buying an additional 1,980 shares during the last quarter. Resources Investment Advisors LLC. boosted its holdings in shares of Travelers Companies by 9.9% in the 3rd quarter. Resources Investment Advisors LLC. now owns 2,558 shares of the insurance provider’s stock worth $389,000 after buying an additional 230 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in shares of Travelers Companies by 2,838.9% in the 3rd quarter. Moors & Cabot Inc. now owns 75,000 shares of the insurance provider’s stock worth $76,000 after buying an additional 72,448 shares during the last quarter. 83.20% of the stock is currently owned by hedge funds and other institutional investors.

About Travelers Companies (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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