The Travelers Companies, Inc. (NYSE:TRV) – Analysts at William Blair reduced their FY2018 EPS estimates for shares of The Travelers Companies in a research note issued to investors on Thursday. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $8.77 per share for the year, down from their prior forecast of $9.07.

The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the company earned $2.40 EPS. The business’s revenue was up 4.2% compared to the same quarter last year.

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Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. ValuEngine raised The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Citigroup Inc. lifted their price target on The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Credit Suisse Group lowered their price target on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, September 12th. Finally, Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target for the company in a research report on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $126.95.

Shares of The Travelers Companies (NYSE:TRV) opened at 133.32 on Monday. The stock has a 50 day moving average of $123.39 and a 200 day moving average of $124.33. The Travelers Companies has a 1-year low of $103.45 and a 1-year high of $134.11. The company has a market cap of $36.79 billion, a price-to-earnings ratio of 13.28 and a beta of 1.20.

Several institutional investors have recently added to or reduced their stakes in TRV. BlackRock Inc. grew its stake in shares of The Travelers Companies by 2,395.6% during the 1st quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock valued at $2,459,383,000 after purchasing an additional 19,585,476 shares during the period. FMR LLC grew its stake in shares of The Travelers Companies by 42.1% during the 1st quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock valued at $795,148,000 after purchasing an additional 1,954,573 shares during the period. Balyasny Asset Management LLC grew its stake in shares of The Travelers Companies by 2,272.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock valued at $186,142,000 after purchasing an additional 1,409,121 shares during the period. FIL Ltd bought a new stake in shares of The Travelers Companies during the 2nd quarter valued at about $161,641,000. Finally, Janus Henderson Group PLC grew its stake in shares of The Travelers Companies by 3,559.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock valued at $165,178,000 after purchasing an additional 1,269,774 shares during the period. Institutional investors and hedge funds own 77.40% of the company’s stock.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $128.63, for a total transaction of $1,029,040.00. Following the completion of the sale, the insider now directly owns 241,744 shares in the company, valued at approximately $31,095,530.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 24,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total value of $3,039,360.00. Following the sale, the insider now owns 253,744 shares of the company’s stock, valued at $32,134,140.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,805 shares of company stock valued at $13,982,251. Corporate insiders own 0.82% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.16%. The Travelers Companies’s dividend payout ratio is currently 33.45%.

The Travelers Companies announced that its board has initiated a share buyback plan on Monday, September 11th that permits the company to buyback shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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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