Q3 2017 EPS Estimates for The Travelers Companies, Inc. (NYSE:TRV) Cut by William Blair
The Travelers Companies, Inc. (NYSE:TRV) – William Blair lowered their Q3 2017 EPS estimates for shares of The Travelers Companies in a research note issued on Thursday. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings of $2.06 per share for the quarter, down from their prior estimate of $2.07. William Blair also issued estimates for The Travelers Companies’ Q4 2017 earnings at $2.72 EPS, FY2017 earnings at $8.84 EPS, Q1 2018 earnings at $2.31 EPS, Q2 2018 earnings at $2.17 EPS, Q3 2018 earnings at $1.99 EPS and Q4 2018 earnings at $2.77 EPS.
Other equities analysts have also recently issued research reports about the company. BidaskClub cut The Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Vetr upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price on the stock in a report on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $115.00 target price on shares of The Travelers Companies in a report on Thursday, May 25th. Bank of America Corporation cut The Travelers Companies from a “buy” rating to a “neutral” rating and raised their target price for the stock from $120.62 to $129.44 in a report on Monday, June 19th. Finally, Citigroup Inc. raised their target price on The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The Travelers Companies currently has a consensus rating of “Hold” and an average target price of $123.47.
Shares of The Travelers Companies (NYSE TRV) opened at 124.57 on Friday. The Travelers Companies has a 12-month low of $103.45 and a 12-month high of $129.60. The firm has a market cap of $34.81 billion, a P/E ratio of 12.25 and a beta of 1.21. The firm’s 50-day moving average price is $126.44 and its 200 day moving average price is $122.05.
The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. The Travelers Companies had a return on equity of 12.01% and a net margin of 10.55%. The Travelers Companies’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 EPS.
The Travelers Companies announced that its Board of Directors has initiated a share buyback plan on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is presently 28.40%.
In related news, Vice Chairman Jay S. Benet sold 5,518 shares of The Travelers Companies stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $125.66, for a total value of $693,391.88. Following the sale, the insider now owns 82,824 shares of the company’s stock, valued at approximately $10,407,663.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andy F. Bessette sold 9,379 shares of The Travelers Companies stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $121.60, for a total value of $1,140,486.40. Following the completion of the sale, the executive vice president now directly owns 14,420 shares in the company, valued at approximately $1,753,472. The disclosure for this sale can be found here. In the last three months, insiders sold 190,264 shares of company stock worth $23,233,448. 0.82% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. CWM LLC raised its stake in shares of The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after buying an additional 37 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after buying an additional 686 shares in the last quarter. First Personal Financial Services raised its stake in shares of The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after buying an additional 508 shares in the last quarter. Liberty Capital Management Inc. raised its stake in shares of The Travelers Companies by 434.8% in the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock worth $154,000 after buying an additional 1,000 shares in the last quarter. Finally, Bartlett & Co. LLC raised its stake in shares of The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock worth $169,000 after buying an additional 323 shares in the last quarter. 77.92% of the stock is currently owned by institutional investors and hedge funds.
The Travelers Companies Company Profile
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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