Travelers Companies (TRV) Releases Earnings Results, Misses Expectations By $0.28 EPS

Travelers Companies (NYSE:TRV) released its earnings results on Monday. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.28), RTT News reports. Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The business had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the previous year, the company earned $3.20 EPS. Travelers Companies’s quarterly revenue was up 3.6% compared to the same quarter last year.

Shares of Travelers Companies (NYSE:TRV) opened at $139.35 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market cap of $37,728.98, a PE ratio of 16.18, a P/E/G ratio of 1.88 and a beta of 1.25. Travelers Companies has a 1-year low of $113.76 and a 1-year high of $139.35.

In other Travelers Companies news, EVP Maria Olivo sold 33,225 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total transaction of $4,458,130.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 20,077 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 21,619 shares of the company’s stock, valued at approximately $2,825,170.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,302 shares of company stock valued at $7,347,753. 0.82% of the stock is currently owned by insiders.

Travelers Companies announced that its Board of Directors has initiated a share buyback plan on Thursday, November 9th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

A number of equities research analysts have recently issued reports on TRV shares. Bank of America raised shares of Travelers Companies from a “neutral” rating to a “buy” rating in a report on Tuesday, January 9th. Citigroup dropped their target price on shares of Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a report on Monday, October 2nd. Royal Bank of Canada upped their price objective on shares of Travelers Companies to $140.00 and gave the company an “outperform” rating in a report on Friday, October 20th. B. Riley reissued a “neutral” rating on shares of Travelers Companies in a report on Monday, November 6th. Finally, Goldman Sachs Group began coverage on shares of Travelers Companies in a report on Monday, December 4th. They issued a “sell” rating and a $124.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $134.88.

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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.

Earnings History for Travelers Companies (NYSE:TRV)

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