Roth Capital Analysts Raise Earnings Estimates for The Travelers Companies, Inc. (NYSE:TRV)

The Travelers Companies, Inc. (NYSE:TRV) – Analysts at Roth Capital lifted their Q3 2024 earnings per share (EPS) estimates for Travelers Companies in a note issued to investors on Thursday, April 18th. Roth Capital analyst H. Fong now expects that the insurance provider will earn $4.75 per share for the quarter, up from their previous estimate of $4.49. The consensus estimate for Travelers Companies’ current full-year earnings is $17.62 per share. Roth Capital also issued estimates for Travelers Companies’ Q4 2024 earnings at $6.37 EPS, FY2024 earnings at $18.90 EPS, Q2 2025 earnings at $3.78 EPS, Q3 2025 earnings at $5.27 EPS and Q4 2025 earnings at $6.92 EPS.

Several other brokerages have also recently commented on TRV. Citigroup raised their target price on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday. HSBC raised their target price on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Royal Bank of Canada reduced their target price on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research report on Thursday. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $240.00 target price on shares of Travelers Companies in a research report on Thursday. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $220.78.

Travelers Companies Stock Up 1.7 %

Shares of TRV stock opened at $213.99 on Friday. The stock has a market cap of $49.03 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. Travelers Companies has a one year low of $157.33 and a one year high of $232.75. The stock has a fifty day moving average price of $221.79 and a 200 day moving average price of $196.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the prior year, the company posted $4.11 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year.

Institutional Trading of Travelers Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Command Advisory Services Inc. bought a new position in Travelers Companies during the third quarter worth about $26,000. Arlington Trust Co LLC bought a new position in Travelers Companies during the third quarter worth about $27,000. FWL Investment Management LLC bought a new position in Travelers Companies during the fourth quarter worth about $28,000. Quarry LP bought a new position in Travelers Companies during the first quarter worth about $31,000. Finally, Northwest Financial Advisors bought a new position in Travelers Companies during the fourth quarter worth about $32,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

About Travelers Companies

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.