Travelers Companies (NYSE:TRV) Issues Earnings Results

Travelers Companies (NYSE:TRV) released its earnings results 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. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the previous year, the company posted $4.11 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis.

Travelers Companies Price Performance

NYSE:TRV opened at $210.46 on Friday. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $221.80 and a 200 day simple moving average of $196.27. The stock has a market capitalization of $48.22 billion, a PE ratio of 15.64, a P/E/G ratio of 1.08 and a beta of 0.58.

Travelers Companies Increases Dividend

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

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 4,500 shares of Travelers Companies stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The disclosure for this sale can be found here. Insiders sold a total of 109,775 shares of company stock valued at $23,343,903 over the last ninety days. 1.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently modified their holdings of TRV. FWL Investment Management LLC acquired a new position in Travelers Companies in the fourth quarter valued at about $28,000. Quarry LP acquired a new position in Travelers Companies during the first quarter worth about $31,000. AM Squared Ltd acquired a new position in Travelers Companies during the first quarter worth about $34,000. Tyler Stone Wealth Management acquired a new position in Travelers Companies during the second quarter worth about $46,000. Finally, Altshuler Shaham Ltd acquired a new position in Travelers Companies during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods cut their target price 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. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. HSBC upped their price target on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Thursday, April 4th. Finally, UBS Group upped their price target on Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus 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.