Q3 2016 EPS Estimates for The Travelers Cos. Reduced by Analyst (TRV)
The Travelers Cos. (NYSE:TRV) – Research analysts at William Blair lowered their Q3 2016 earnings per share estimates for shares of The Travelers Cos. in a note issued to investors on Friday. William Blair analyst A. Klauber now expects 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.
The Travelers Cos. (NYSE:TRV) last issued its earnings results on Thursday, July 21st. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $6.37 billion. During the same period in the previous year, the business earned $2.52 EPS. The firm’s revenue was up 2.3% on a year-over-year basis.
TRV has been the subject of a number of other research reports. Citigroup Inc. reiterated a “neutral” rating on shares of The Travelers Cos. in a research note on Tuesday, June 21st. Royal Bank Of Canada increased their price target 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. BMO Capital Markets reiterated a “market perform” rating and issued a $120.00 price target (up previously from $117.00) on shares of The Travelers Cos. in a research note on Tuesday, July 12th. Credit Suisse Group AG set a $111.00 price objective on shares of The Travelers Cos. and gave the company a “hold” rating in a research report on Monday, September 12th. Finally, Zacks Investment Research lowered shares of The Travelers Cos. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $117.00.
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Shares of The Travelers Cos. (NYSE:TRV) opened at 115.08 on Monday. The stock’s 50 day moving average is $115.51 and its 200 day moving average is $115.06. The firm has a market capitalization of $33.18 billion, a price-to-earnings ratio of 11.08 and a beta of 1.14. The Travelers Cos. has a 12 month low of $101.23 and a 12 month high of $119.32.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.33%. The ex-dividend date was Wednesday, September 7th. The Travelers Cos.’s dividend payout ratio is currently 25.92%.
In other The Travelers Cos. news, Vice Chairman William H. Heyman sold 4,246 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $118.98, for a total value of $505,189.08. Following the transaction, the insider now directly owns 231,500 shares of the company’s stock, valued at approximately $27,543,870. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Jay S. Benet sold 5,797 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $116.21, for a total transaction of $673,669.37. Following the completion of the transaction, the insider now directly owns 71,352 shares in the company, valued at $8,291,815.92. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Global X Management Co. LLC increased its stake in The Travelers Cos. by 86.8% in the second quarter. Global X Management Co. LLC now owns 977 shares of the company’s stock worth $116,000 after buying an additional 454 shares during the last quarter. Mycio Wealth Partners LLC increased its stake in The Travelers Cos. by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,062 shares of the company’s stock worth $126,000 after buying an additional 25 shares during the last quarter. Ledyard National Bank increased its stake in The Travelers Cos. by 5.4% in the second quarter. Ledyard National Bank now owns 1,089 shares of the company’s stock worth $130,000 after buying an additional 56 shares during the last quarter. Krilogy Financial LLC increased its stake in The Travelers Cos. by 3.8% in the second quarter. Krilogy Financial LLC now owns 1,128 shares of the company’s stock worth $134,000 after buying an additional 41 shares during the last quarter. Finally, Valley National Advisers Inc. increased its stake in The Travelers Cos. by 53.4% in the second quarter. Valley National Advisers Inc. now owns 1,227 shares of the company’s stock worth $146,000 after buying an additional 427 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.
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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