The Travelers Companies, Inc. (NYSE:TRV) – Equities research analysts at FBR & Co dropped their FY2018 EPS estimates for shares of The Travelers Companies in a report issued on Tuesday. FBR & Co analyst R. Binner now forecasts that the insurance provider will post earnings per share of $9.50 for the year, down from their prior forecast of $9.60. FBR & Co also issued estimates for The Travelers Companies’ FY2019 earnings at $9.90 EPS.

The Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.07 by ($0.15). The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The Travelers Companies’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.20 earnings per share.

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A number of other equities analysts have also commented on TRV. BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $120.62 to $129.44 in a research report on Monday, June 19th. Keefe, Bruyette & Woods restated a “hold” rating on shares of The Travelers Companies in a research report on Tuesday, June 20th. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a research report on Tuesday, June 27th. Finally, Morgan Stanley restated an “underweight” rating and issued a $119.00 price objective (up from $112.00) on shares of The Travelers Companies in a research report on Friday, July 7th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $125.71.

Shares of The Travelers Companies (TRV) traded up 0.10% during trading on Wednesday, hitting $126.07. 389,747 shares of the stock traded hands. The Travelers Companies has a 1-year low of $103.45 and a 1-year high of $130.37. The stock has a 50-day moving average of $122.36 and a 200 day moving average of $123.90. The company has a market cap of $34.79 billion, a P/E ratio of 12.59 and a beta of 1.20.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Thursday, September 7th. The Travelers Companies’s dividend payout ratio is currently 28.77%.

The Travelers Companies declared that its board has approved a stock repurchase program on Monday, September 11th that allows the company to buyback outstanding shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 24,000 shares of The Travelers Companies stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the transaction, the insider now directly owns 253,744 shares of the company’s stock, valued at $32,134,140.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $693,391.88. Following the transaction, the insider now directly owns 82,824 shares in the company, valued at $10,407,663.84. The disclosure for this sale can be found here. Insiders sold 128,323 shares of company stock worth $16,436,703 over the last ninety days. 0.82% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. CWM LLC raised its stake in shares of The Travelers Companies by 4.9% during the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 37 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of The Travelers Companies by 361.1% during the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after acquiring an additional 686 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in shares of The Travelers Companies by 1.1% during the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 10 shares in the last quarter. Intellectus Partners LLC raised its stake in shares of The Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after acquiring an additional 41 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of The Travelers Companies by 3.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock worth $126,000 after acquiring an additional 35 shares in the last quarter. 77.48% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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