Zacks: Analysts Anticipate Travelers Companies Inc (TRV) Will Post Earnings of $2.14 Per Share
Wall Street brokerages forecast that Travelers Companies Inc (NYSE:TRV) will report earnings per share of $2.14 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Travelers Companies’ earnings. The highest EPS estimate is $2.25 and the lowest is $1.96. Travelers Companies posted earnings per share of $2.20 in the same quarter last year, which would indicate a negative year over year growth rate of 2.7%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, July 20th.
According to Zacks, analysts expect that Travelers Companies will report full-year earnings of $9.12 per share for the current financial year, with EPS estimates ranging from $8.75 to $9.45. For the next financial year, analysts forecast that the business will post earnings of $9.65 per share, with EPS estimates ranging from $9.15 to $10.10. Zacks’ EPS calculations are an average based on a survey of research firms that follow Travelers Companies.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, April 20th. The insurance provider reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by $0.24. Travelers Companies had a return on equity of 12.29% and a net margin of 10.92%. The company had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter in the prior year, the company earned $2.33 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year.
Several brokerages have weighed in on TRV. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Travelers Companies in a report on Thursday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Travelers Companies in a report on Monday. Citigroup Inc lifted their price objective on Travelers Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Friday, April 7th. Argus raised Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Monday, April 24th. Finally, FBR & Co reissued a “buy” rating on shares of Travelers Companies in a report on Wednesday, January 25th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $118.85.
Travelers Companies (NYSE:TRV) traded up 1.28% on Thursday, reaching $123.61. The company’s stock had a trading volume of 417,498 shares. The company has a 50-day moving average price of $120.84 and a 200 day moving average price of $119.24. The company has a market cap of $34.54 billion, a P/E ratio of 12.16 and a beta of 1.06. Travelers Companies has a 12 month low of $103.45 and a 12 month high of $125.49.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.67. Travelers Companies’s payout ratio is 26.10%.
In related news, EVP Michael Frederick Klein sold 4,000 shares of the company’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $122.04, for a total transaction of $488,160.00. Following the sale, the executive vice president now owns 3,042 shares in the company, valued at approximately $371,245.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John P. Clifford, Jr. sold 5,500 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $120.92, for a total value of $665,060.00. The disclosure for this sale can be found here. Insiders sold a total of 136,866 shares of company stock worth $16,485,427 in the last quarter. Corporate insiders own 1.34% of the company’s stock.
Several large investors have recently made changes to their positions in TRV. BlackRock Inc. raised its stake in shares of Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock valued at $2,459,383,000 after buying an additional 19,585,476 shares during the last quarter. Norges Bank acquired a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $262,153,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $251,585,000. FMR LLC raised its stake in shares of Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock valued at $795,148,000 after buying an additional 1,954,573 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Travelers Companies by 9.4% in the fourth quarter. State Street Corp now owns 18,645,754 shares of the insurance provider’s stock valued at $2,282,612,000 after buying an additional 1,597,047 shares during the last quarter. Institutional investors own 80.36% of the company’s stock.
About Travelers Companies
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.
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