The Travelers Cos. (NYSE:TRV) – Stock analysts at William Blair dropped their Q3 2016 earnings per share estimates for shares of The Travelers Cos. in a research note issued on Friday. William Blair analyst A. Klauber now forecasts that the brokerage will earn $2.46 per share for the quarter, down from their previous estimate of $2.53. William Blair also issued estimates for The Travelers Cos.’s FY2016 earnings at $9.66 EPS.
A number of other research firms have also commented on TRV. Zacks Investment Research raised shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. BMO Capital Markets reaffirmed a “market perform” rating and set a $120.00 price objective (up from $117.00) on shares of The Travelers Cos. in a research note on Tuesday, July 12th. RBC Capital Markets reaffirmed an “outperform” rating and set a $125.00 price objective (up from $120.00) on shares of The Travelers Cos. in a research note on Sunday, July 24th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $111.00 price objective on shares of The Travelers Cos. in a research note on Tuesday, August 23rd. Finally, Royal Bank Of Canada upped their price objective on shares of The Travelers Cos. from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $117.00.
The Travelers Cos. (NYSE:TRV) opened at 114.98 on Monday. The firm has a market capitalization of $33.15 billion, a PE ratio of 11.07 and a beta of 1.14. The stock’s 50 day moving average is $115.45 and its 200-day moving average is $115.02. The Travelers Cos. has a 52-week low of $101.23 and a 52-week high of $119.32.
The Travelers Cos. (NYSE:TRV) last posted its earnings results on Thursday, July 21st. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.05. The Travelers Cos. had a net margin of 11.70% and a return on equity of 13.06%. The business had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period in the previous year, the company posted $2.52 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year.
Several large investors have recently bought and sold shares of TRV. American National Bank boosted its stake in The Travelers Cos. by 51.2% in the third quarter. American National Bank now owns 1,157 shares of the company’s stock valued at $133,000 after buying an additional 392 shares in the last quarter. Advisor Consultant Network Inc. acquired a new stake in The Travelers Cos. during the third quarter valued at $211,000. Webster Bank N. A. boosted its stake in The Travelers Cos. by 0.9% in the third quarter. Webster Bank N. A. now owns 42,679 shares of the company’s stock valued at $4,889,000 after buying an additional 370 shares in the last quarter. National Pension Service boosted its stake in The Travelers Cos. by 8.7% in the third quarter. National Pension Service now owns 210,391 shares of the company’s stock valued at $24,100,000 after buying an additional 16,818 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. boosted its stake in The Travelers Cos. by 1.2% in the third quarter. Stock Yards Bank & Trust Co. now owns 4,920 shares of the company’s stock valued at $564,000 after buying an additional 58 shares in the last quarter. 80.23% of the stock is owned by institutional investors.
In other news, Vice Chairman Jay S. Benet sold 5,797 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $116.21, for a total value of $673,669.37. Following the completion of the sale, the insider now directly owns 71,352 shares of the company’s stock, valued at $8,291,815.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Douglas K. Russell sold 2,698 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $117.17, for a total value of $316,124.66. Following the completion of the sale, the senior vice president now directly owns 19,727 shares of the company’s stock, valued at $2,311,412.59. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, September 7th. This represents a $2.68 annualized dividend and a yield of 2.33%. The Travelers Cos.’s dividend payout ratio (DPR) is presently 25.92%.
The Travelers Cos. Company Profile
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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