Travelers Companies (NYSE:TRV) Posts Earnings Results, Beats Estimates By $2.99 EPS

Travelers Companies (NYSE:TRV) announced its quarterly earnings data on Thursday. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99, Zacks reports. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. During the same quarter in the prior year, the company posted $2.51 EPS. The business’s revenue was up 7.4% on a year-over-year basis.

Travelers Companies Stock Up 1.5%

Shares of NYSE:TRV opened at $265.77 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. Travelers Companies has a 12 month low of $202.95 and a 12 month high of $277.83. The firm has a market cap of $60.03 billion, a P/E ratio of 11.75, a P/E/G ratio of 3.86 and a beta of 0.51. The company’s 50-day moving average price is $265.92 and its two-hundred day moving average price is $256.24.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s dividend payout ratio is currently 19.46%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the transaction, the executive vice president directly owned 118,116 shares in the company, valued at approximately $32,387,407.20. This represents a 23.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the transaction, the chief executive officer owned 262,329 shares in the company, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,869 shares of company stock worth $44,868,201. Insiders own 1.46% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Travelers Companies stock. Revolve Wealth Partners LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,146 shares of the insurance provider’s stock, valued at approximately $276,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRV. Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday. Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a research note on Monday, March 24th. Finally, Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $274.61.

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.