Travelers Companies (NYSE:TRV) Issues Earnings Results, Misses Expectations By $0.06 EPS

Travelers Companies (NYSE:TRV) issued its quarterly earnings data on Wednesday. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06), RTT News reports. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.11 earnings per share.

Travelers Companies Price Performance

TRV opened at $210.46 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $48.22 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.08 and a beta of 0.58. The company’s 50-day simple moving average is $221.80 and its two-hundred day simple moving average is $196.27. Travelers Companies has a 52-week low of $157.33 and a 52-week high of $232.75.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 annualized dividend and a yield of 2.00%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is currently 29.72%.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,878,580.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,878,580.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul E. Munson sold 2,121 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the sale, the senior vice president now owns 719 shares in the company, valued at approximately $153,046.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,775 shares of company stock worth $23,343,903. Company insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Institutional investors and hedge funds have recently made changes to their positions in the business. Fortis Capital Advisors LLC bought a new stake in shares of Travelers Companies during the fourth quarter worth $102,000. O Dell Group LLC bought a new stake in shares of Travelers Companies in the fourth quarter valued at about $97,000. Brown Brothers Harriman & Co. raised its holdings in shares of Travelers Companies by 139.8% in the first quarter. Brown Brothers Harriman & Co. now owns 446 shares of the insurance provider’s stock valued at $81,000 after acquiring an additional 260 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Travelers Companies in the first quarter valued at about $69,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Travelers Companies in the first quarter valued at about $61,000. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TRV has been the topic of a number of research analyst reports. Piper Sandler reissued a “neutral” rating and set a $213.00 price objective on shares of Travelers Companies in a research report on Monday, April 1st. UBS Group boosted their price objective on shares of Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods reduced their price objective on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada reduced their target price on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $218.39.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.