Travelers Companies (NYSE:TRV – Get Free Report) issued its quarterly earnings data on Wednesday. The insurance provider reported $4.69 earnings per share 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 return on equity of 13.94% and a net margin of 7.32%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.11 earnings per share.
Travelers Companies Stock Up 1.9 %
Travelers Companies stock opened at $210.46 on Friday. The firm has a market cap of $48.22 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The business’s 50-day moving average price is $221.80 and its 200 day moving average price is $196.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.
Travelers Companies Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.00%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.
Insider Buying and Selling
Institutional Trading of Travelers Companies
Several institutional investors have recently bought and sold shares of TRV. FWL Investment Management LLC acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $28,000. Quarry LP purchased a new stake in shares of Travelers Companies during the first quarter worth approximately $31,000. AM Squared Ltd purchased a new stake in shares of Travelers Companies during the first quarter worth approximately $34,000. Tyler Stone Wealth Management purchased a new stake in shares of Travelers Companies during the second quarter worth approximately $46,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Travelers Companies during the fourth quarter worth approximately $46,000. 82.45% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
TRV has been the subject of a number of research analyst reports. TD Cowen initiated coverage on Travelers Companies in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 price target for the company. Roth Mkm reiterated a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a research note on Thursday. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup increased their price target on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Raymond James increased their price target on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $218.39.
Read Our Latest Research Report on Travelers Companies
About Travelers Companies
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.
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