Travelers Companies Inc (NYSE:TRV) – Stock analysts at Langen Mcalenn cut their Q1 2018 earnings per share estimates for shares of Travelers Companies in a research report issued to clients and investors on Wednesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will post earnings of $2.87 per share for the quarter, down from their prior estimate of $2.95. Langen Mcalenn also issued estimates for Travelers Companies’ Q2 2018 earnings at $2.40 EPS, Q3 2018 earnings at $2.35 EPS, Q4 2018 earnings at $3.91 EPS and Q4 2019 earnings at $4.05 EPS.
Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.28). The company had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $6.47 billion. Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.20 EPS.
Shares of Travelers Companies (TRV) opened at $149.42 on Monday. The stock has a market capitalization of $41,160.00, a PE ratio of 17.29, a PEG ratio of 1.99 and a beta of 1.25. Travelers Companies has a 52 week low of $113.76 and a 52 week high of $150.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.41 and a current ratio of 0.39.
Travelers Companies announced that its Board of Directors has approved a share buyback program 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. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 annualized dividend and a yield of 1.93%. Travelers Companies’s payout ratio is 33.33%.
In other Travelers Companies news, EVP Maria Olivo sold 33,225 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total value of $4,458,130.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Andy F. Bessette sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total value of $265,960.00. Following the completion of the sale, the executive vice president now owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,302 shares of company stock valued at $7,347,753. 0.82% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in TRV. Field & Main Bank bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $102,000. 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 lifted its position 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 acquiring an additional 41 shares during the period. Finally, Security National Trust Co. lifted its position 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 acquiring an additional 754 shares during the period. Institutional investors own 78.54% of the company’s stock.
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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