The Travelers Companies, Inc. (TRV) to Post Q4 2017 Earnings of $2.65 Per Share, Langen Mcalenn Forecasts
The Travelers Companies, Inc. (NYSE:TRV) – Equities researchers at Langen Mcalenn lowered their Q4 2017 earnings per share estimates for The Travelers Companies in a research report issued on Friday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings of $2.65 per share for the quarter, down from their prior estimate of $2.90. Langen Mcalenn also issued estimates for The Travelers Companies’ Q1 2018 earnings at $2.56 EPS, Q2 2018 earnings at $2.28 EPS, Q3 2018 earnings at $2.10 EPS and Q4 2018 earnings at $3.00 EPS.
A number of other brokerages have also weighed in on TRV. Citigroup Inc. raised their price objective on The Travelers Companies from $143.00 to $151.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley raised their price objective on The Travelers Companies from $119.00 to $124.00 and gave the company an “underweight” rating in a research report on Friday. Royal Bank Of Canada raised their price objective on The Travelers Companies to $140.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company set a $125.00 price objective on The Travelers Companies and gave the company a “hold” rating in a research report on Thursday. Finally, Barclays PLC raised their price objective on The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $126.95.
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The Travelers Companies (NYSE TRV) opened at 133.32 on Monday. The stock has a market capitalization of $36.79 billion, a PE ratio of 13.28 and a beta of 1.20. The stock has a 50 day moving average price of $123.39 and a 200-day moving average price of $124.33. The Travelers Companies has a 12-month low of $103.45 and a 12-month high of $134.11.
The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $6.46 billion. During the same quarter in the previous year, the company posted $2.40 earnings per share. The Travelers Companies’s revenue for the quarter was up 4.2% compared to the same quarter last year.
The Travelers Companies announced that its board has authorized a stock buyback plan on Monday, September 11th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be given a dividend of $0.72 per share. The ex-dividend date is Friday, December 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.16%. The Travelers Companies’s dividend payout ratio (DPR) is presently 33.45%.
In other The Travelers Companies news, Vice Chairman William H. Heyman sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the completion of the transaction, the insider now owns 253,744 shares in the company, valued at $32,134,140.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andy F. Bessette sold 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $1,285,000. The disclosure for this sale can be found here. Insiders have sold 108,805 shares of company stock valued at $13,982,251 in the last 90 days. Company insiders own 0.82% of the company’s stock.
Several large investors have recently made changes to their positions in TRV. BlackRock Inc. boosted its position in shares of The Travelers Companies by 2,395.6% during 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 period. FMR LLC boosted its position in shares of The Travelers Companies by 42.1% during 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 period. Balyasny Asset Management LLC raised its stake in shares of The Travelers Companies by 2,272.4% during the second quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock valued at $186,142,000 after acquiring an additional 1,409,121 shares in the last quarter. FIL Ltd bought a new stake in shares of The Travelers Companies during the second quarter valued at approximately $161,641,000. Finally, Janus Henderson Group PLC raised its stake in shares of The Travelers Companies by 3,559.7% during the second quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock valued at $165,178,000 after acquiring an additional 1,269,774 shares in the last quarter. Institutional investors and hedge funds own 77.40% of the company’s stock.
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.
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