The Travelers Companies, Inc. (NYSE:TRV) – Langen Mcalenn increased their Q3 2017 earnings estimates for shares of The Travelers Companies in a note issued to investors on Friday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn $2.06 per share for the quarter, up from their prior forecast of $2.05. Langen Mcalenn also issued estimates for The Travelers Companies’ Q4 2017 earnings at $2.92 EPS, FY2017 earnings at $9.05 EPS, Q1 2018 earnings at $2.59 EPS and Q2 2018 earnings at $2.34 EPS.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the previous year, the company earned $2.20 earnings per share. The Travelers Companies’s quarterly revenue was up 4.7% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “Equities Analysts Issue Forecasts for The Travelers Companies, Inc.’s Q3 2017 Earnings (TRV)” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/24/equities-analysts-issue-forecasts-for-the-travelers-companies-inc-s-q3-2017-earnings-trv.html.

A number of other analysts have also commented on TRV. Bank of America Corporation lowered The Travelers Companies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $120.62 to $129.44 in a report on Monday, June 19th. BidaskClub raised The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of The Travelers Companies in a research report on Tuesday, June 20th. Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target on the stock in a research report on Tuesday, June 27th. Finally, Morgan Stanley reissued an “underweight” rating and set a $119.00 price target (up previously from $112.00) on shares of The Travelers Companies in a research report on Friday, July 7th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The Travelers Companies has an average rating of “Hold” and an average target price of $123.47.

The Travelers Companies (NYSE:TRV) opened at 125.15 on Monday. The company has a market cap of $34.53 billion, a PE ratio of 12.46 and a beta of 1.21. The Travelers Companies has a 1-year low of $103.45 and a 1-year high of $129.60. The stock has a 50 day moving average price of $126.44 and a 200 day moving average price of $122.05.

Hedge funds have recently bought and sold shares of the stock. CWM LLC increased its stake in 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 during the last quarter. Westside Investment Management Inc. increased its stake in 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 during the last quarter. First Personal Financial Services increased its stake in 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 during the last quarter. Liberty Capital Management Inc. increased its stake in 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 during the last quarter. Finally, Bartlett & Co. LLC increased its stake in 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 during the last quarter. Institutional investors and hedge funds own 77.92% of the company’s stock.

In related news, SVP Douglas K. Russell sold 9,686 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.00, for a total value of $1,191,378.00. Following the completion of the sale, the senior vice president now directly owns 29,267 shares in the company, valued at $3,599,841. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 7,000 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.48, for a total value of $864,360.00. Following the completion of the sale, the insider now owns 246,744 shares of the company’s stock, valued at $30,467,949.12. The disclosure for this sale can be found here. Insiders sold 86,377 shares of company stock valued at $10,765,171 over the last 90 days. 0.82% of the stock is currently owned by company insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.72 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.30%. The Travelers Companies’s payout ratio is 28.77%.

The Travelers Companies announced that its board has authorized a share buyback plan on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

About The 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.

Earnings History and Estimates for The Travelers Companies (NYSE:TRV)

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