Langen Mcalenn Analysts Reduce Earnings Estimates for The Travelers Companies, Inc. (TRV)

The Travelers Companies, Inc. (NYSE:TRV) – Equities researchers at Langen Mcalenn cut their Q3 2017 earnings per share (EPS) estimates for The Travelers Companies in a research note issued to investors on Monday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn $0.66 per share for the quarter, down from their previous forecast of $0.72. Langen Mcalenn also issued estimates for The Travelers Companies’ FY2017 earnings at $7.63 EPS.

Other analysts have also recently issued research reports about the company. Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price on the stock in a research report on Monday, July 3rd. Citigroup Inc. reaffirmed a “buy” rating and set a $148.00 target price (down previously from $150.00) on shares of The Travelers Companies in a research report on Monday, July 24th. BidaskClub raised The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $135.00 price objective on shares of The Travelers Companies in a research report on Monday, August 21st. Finally, ValuEngine raised The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $125.71.

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Shares of The Travelers Companies (NYSE TRV) opened at 125.95 on Thursday. The Travelers Companies has a 12-month low of $103.45 and a 12-month high of $130.37. The firm has a 50-day moving average price of $122.26 and a 200 day moving average price of $123.93. The company has a market capitalization of $34.76 billion, a P/E ratio of 12.54 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by ($0.15). The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the firm posted $2.20 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.72 per share. The ex-dividend date was Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.29%. The Travelers Companies’s dividend payout ratio is currently 28.77%.

The Travelers Companies declared that its board has authorized a share buyback plan on Monday, September 11th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

In other The Travelers Companies news, EVP Andy F. Bessette sold 3,300 shares of The Travelers Companies stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $128.50, for a total transaction of $424,050.00. Following the completion of the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $1,285,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jay S. Benet sold 16,566 shares of The Travelers Companies stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $130.01, for a total value of $2,153,745.66. Following the sale, the insider now directly owns 93,872 shares of the company’s stock, valued at approximately $12,204,298.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,323 shares of company stock valued at $16,436,703. 0.82% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRV. CWM LLC raised its stake in shares of The Travelers Companies by 4.9% during the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after buying an additional 37 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of The Travelers Companies by 361.1% during the 1st quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after buying an additional 686 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in shares of The Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after buying an additional 10 shares during the last quarter. Intellectus Partners LLC raised its stake in shares of The Travelers Companies by 4.6% during the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after buying an additional 41 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of The Travelers Companies by 3.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 77.48% of the company’s stock.

The Travelers Companies Company Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Earnings History and Estimates for The Travelers Companies (NYSE:TRV)

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