Brokerages Expect Travelers Companies Inc (NYSE:TRV) Will Post Earnings of $2.37 Per Share

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Wall Street analysts forecast that Travelers Companies Inc (NYSE:TRV) will post earnings of $2.37 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Travelers Companies’ earnings. The highest EPS estimate is $2.70 and the lowest is $2.09. Travelers Companies posted earnings per share of $2.54 in the same quarter last year, which would indicate a negative year over year growth rate of 6.7%. The business is expected to report its next quarterly earnings report on Thursday, October 17th.

On average, analysts expect that Travelers Companies will report full year earnings of $10.63 per share for the current financial year, with EPS estimates ranging from $10.15 to $11.05. For the next financial year, analysts expect that the company will report earnings of $11.56 per share, with EPS estimates ranging from $10.50 to $12.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Travelers Companies.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter last year, the firm earned $1.81 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year.

A number of brokerages have recently issued reports on TRV. Deutsche Bank lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price target on the stock. in a research note on Thursday, June 27th. Keefe, Bruyette & Woods lowered shares of Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 price target on the stock. in a research note on Wednesday, June 5th. ValuEngine lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their price target on shares of Travelers Companies to $160.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. Finally, Buckingham Research lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Travelers Companies currently has an average rating of “Hold” and a consensus target price of $148.78.

Shares of Travelers Companies stock traded up $0.63 on Wednesday, reaching $147.44. 25,968 shares of the stock were exchanged, compared to its average volume of 1,381,410. Travelers Companies has a 1-year low of $111.08 and a 1-year high of $155.09. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average price of $150.00 and a two-hundred day moving average price of $141.67. The firm has a market capitalization of $37.91 billion, a PE ratio of 16.48, a PEG ratio of 1.38 and a beta of 0.94.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.82 per share. The ex-dividend date is Monday, September 9th. This represents a $3.28 annualized dividend and a yield of 2.22%. Travelers Companies’s payout ratio is currently 36.69%.

In other news, EVP Diane D. Bengston sold 6,899 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $147.53, for a total value of $1,017,809.47. Following the sale, the executive vice president now directly owns 11,746 shares in the company, valued at $1,732,887.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 3,545 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $147.41, for a total transaction of $522,568.45. The disclosure for this sale can be found here. Insiders have sold 22,944 shares of company stock worth $3,415,378 over the last 90 days. 0.73% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in TRV. Advantage Investment Management LLC acquired a new stake in shares of Travelers Companies in the second quarter valued at approximately $25,000. Next Capital Management LLC acquired a new stake in shares of Travelers Companies in the second quarter valued at approximately $25,000. Krane Funds Advisors LLC acquired a new stake in shares of Travelers Companies in the second quarter valued at approximately $25,000. Virtus ETF Advisers LLC acquired a new stake in shares of Travelers Companies in the second quarter valued at approximately $25,000. Finally, Interactive Financial Advisors acquired a new stake in shares of Travelers Companies in the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 81.19% 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.

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