Travelers Companies (TRV) Projected to Post Earnings on Wednesday

Travelers Companies (NYSE:TRV) is expected to be announcing its earnings results before the market opens on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $10.97 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the business posted $7.01 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts expect Travelers Companies to post $17 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Travelers Companies Trading Up 1.1 %

Shares of NYSE:TRV opened at $236.50 on Wednesday. The business’s 50-day moving average is $251.51 and its 200 day moving average is $248.67. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.56. The firm has a market capitalization of $53.62 billion, a P/E ratio of 11.02, a P/E/G ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.78%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Analysts Set New Price Targets

Several research firms have weighed in on TRV. HSBC downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Monday, March 24th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. BMO Capital Markets lifted their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $261.53.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Travelers Companies stock. Brighton Jones LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 13.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,277 shares of the insurance provider’s stock after acquiring an additional 387 shares during the period. Brighton Jones LLC’s holdings in Travelers Companies were worth $789,000 at the end of the most recent quarter. Institutional investors own 82.45% of the company’s stock.

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.