The Travelers Companies, Inc. (NYSE:TRV) Expected to Announce Quarterly Sales of $9.10 Billion

Wall Street analysts forecast that The Travelers Companies, Inc. (NYSE:TRV – Get Rating) will post $9.10 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Travelers Companies’ earnings. The lowest sales estimate is $9.03 billion and the highest is $9.17 billion. Travelers Companies reported sales of $8.63 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.4%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Travelers Companies will report full-year sales of $36.47 billion for the current fiscal year, with estimates ranging from $36.05 billion to $36.98 billion. For the next year, analysts forecast that the firm will post sales of $38.61 billion, with estimates ranging from $37.95 billion to $39.51 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Travelers Companies.

Travelers Companies (NYSE:TRV – Get Rating) last issued its quarterly earnings results on Tuesday, April 19th. The insurance provider reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.61. The company had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.03 billion. Travelers Companies had a return on equity of 13.78% and a net margin of 11.18%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.73 EPS.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $199.00 price target for the company in a research note on Monday, March 28th. Barclays lifted their target price on Travelers Companies from $170.00 to $185.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 12th. Evercore ISI began coverage on Travelers Companies in a research note on Friday, January 21st. They issued a “hold” rating and a $180.00 target price for the company. MKM Partners lifted their target price on Travelers Companies from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, April 6th. Finally, JPMorgan Chase & Co. lifted their target price on 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $178.64.

NYSE:TRV opened at $172.01 on Friday. The business’s 50-day moving average is $178.33 and its two-hundred day moving average is $167.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market capitalization of $41.28 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 3.66 and a beta of 0.70. Travelers Companies has a 12 month low of $144.44 and a 12 month high of $187.98.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 10th will be issued a dividend of $0.93 per share. 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. This represents a $3.72 annualized dividend and a yield of 2.16%. Travelers Companies’s payout ratio is presently 22.28%.

In other Travelers Companies news, SVP Douglas K. Russell sold 1,161 shares of Travelers Companies stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $172.00, for a total value of $199,692.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Gregory C. Toczydlowski sold 43,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 8th. The stock was 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. In the last three months, insiders have sold 78,555 shares of company stock worth $13,689,175. 1.07% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Retirement Planning Co of New England Inc. purchased a new position in Travelers Companies during the 4th quarter worth approximately $26,000. Widmann Financial Services Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $28,000. US Asset Management LLC acquired a new stake in shares of Travelers Companies in the 1st quarter valued at $28,000. Godsey & Gibb Associates acquired a new stake in shares of Travelers Companies in the 3rd quarter valued at $29,000. Finally, Concord Wealth Partners lifted its stake in shares of Travelers Companies by 347.6% in the 4th quarter. Concord Wealth Partners now owns 188 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 83.20% of the company’s stock.

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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