FY2018 Earnings Forecast for Travelers Companies Inc (TRV) Issued By William Blair

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Travelers Companies Inc (NYSE:TRV) – Research analysts at William Blair lowered their FY2018 EPS estimates for shares of Travelers Companies in a report released on Thursday, October 18th, Zacks Investment Research reports. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $9.50 per share for the year, down from their prior forecast of $9.72. William Blair also issued estimates for Travelers Companies’ Q2 2019 earnings at $2.17 EPS, Q3 2019 earnings at $2.37 EPS, Q4 2019 earnings at $3.58 EPS and FY2020 earnings at $11.20 EPS.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.28. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.83 billion. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS.

A number of other equities research analysts have also recently issued reports on TRV. Sandler O’Neill restated a “hold” rating and issued a $130.00 price objective on shares of Travelers Companies in a research note on Friday, July 13th. ValuEngine upgraded Travelers Companies from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Wells Fargo & Co restated a “hold” rating and issued a $142.00 price objective on shares of Travelers Companies in a research note on Thursday, July 19th. TheStreet cut Travelers Companies from a “b” rating to a “c+” rating in a research note on Thursday, July 19th. Finally, MKM Partners lowered their price objective on Travelers Companies to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $136.36.

Shares of NYSE:TRV traded up $0.04 during midday trading on Friday, reaching $131.03. The company had a trading volume of 1,379,390 shares, compared to its average volume of 1,983,452. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $34.51 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.04 and a beta of 1.19. Travelers Companies has a 52-week low of $119.67 and a 52-week high of $150.55.

Several hedge funds have recently bought and sold shares of TRV. Squar Milner Financial Services LLC purchased a new stake in Travelers Companies in the second quarter worth approximately $100,000. Landaas & Co. WI ADV purchased a new stake in Travelers Companies in the second quarter worth approximately $108,000. Acadian Asset Management LLC purchased a new stake in Travelers Companies in the second quarter worth approximately $112,000. American National Bank purchased a new stake in Travelers Companies in the second quarter worth approximately $117,000. Finally, Summit Trail Advisors LLC boosted its stake in Travelers Companies by 13,364.7% in the first quarter. Summit Trail Advisors LLC now owns 121,182 shares of the insurance provider’s stock worth $121,000 after buying an additional 120,282 shares in the last quarter. Institutional investors own 79.33% of the company’s stock.

In other news, EVP Andy F. Bessette sold 8,892 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the sale, the executive vice president now directly owns 10,551 shares in the company, valued at $1,379,859.78. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Jay S. Benet sold 8,876 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the completion of the transaction, the insider now owns 94,176 shares in the company, valued at $12,431,232. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, December 7th. Travelers Companies’s dividend payout ratio is presently 42.31%.

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.

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