Travelers Companies Inc (NYSE:TRV) – Investment analysts at Langen Mcalenn cut their Q4 2017 earnings estimates for shares of Travelers Companies in a report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will post earnings per share of $1.23 for the quarter, down from their prior forecast of $1.69. Langen Mcalenn also issued estimates for Travelers Companies’ FY2018 earnings at $11.50 EPS.

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

Several other brokerages also recently weighed in on TRV. Goldman Sachs Group began coverage on shares of Travelers Companies in a research report on Monday, December 4th. They issued a “sell” rating and a $124.00 price objective on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $152.00 price objective on shares of Travelers Companies in a research report on Wednesday, December 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $148.00 price objective on shares of Travelers Companies in a research report on Friday, December 8th. B. Riley reiterated a “neutral” rating on shares of Travelers Companies in a research report on Monday, November 6th. Finally, Wells Fargo & Co set a $125.00 price objective on shares of Travelers Companies and gave the company a “hold” rating in a research report on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $134.38.

Shares of Travelers Companies (TRV) opened at $136.86 on Thursday. The firm has a market cap of $37,091.27, a PE ratio of 15.90, a P/E/G ratio of 1.89 and a beta of 1.25. Travelers Companies has a 52-week low of $113.76 and a 52-week high of $137.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fieldpoint Private Securities LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth approximately $106,000. Valeo Financial Advisors LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth approximately $108,000. Intellectus Partners LLC raised its holdings in shares of Travelers Companies by 4.6% in the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 41 shares in the last quarter. Omnia Family Wealth LLC raised its holdings in shares of Travelers Companies by 4.7% in the 2nd quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 46 shares in the last quarter. Finally, Security National Trust Co. raised its holdings in shares of Travelers Companies by 260.9% in the 3rd quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 754 shares in the last quarter. Institutional investors and hedge funds own 78.50% of the company’s stock.

In related news, EVP Maria Olivo sold 33,225 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total value of $4,458,130.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 20,077 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the completion of the sale, the executive vice president now owns 21,619 shares in the company, valued at $2,825,170.92. The disclosure for this sale can be found here. Insiders have sold a total of 55,302 shares of company stock worth $7,347,753 over the last 90 days. 0.82% of the stock is owned by insiders.

Travelers Companies announced that its board has approved a share repurchase program on Thursday, November 9th that allows the company to repurchase outstanding shares. This repurchase authorization allows the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 11th were given a dividend of $0.72 per share. The ex-dividend date was Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.10%. Travelers Companies’s dividend payout ratio (DPR) is 33.45%.

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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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