Travelers Companies (TRV) Set to Announce Earnings on Wednesday

Travelers Companies (NYSE:TRV) will issue its quarterly earnings data before the market opens on Wednesday, April 17th. Analysts expect the company to announce earnings of $4.74 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $1.91. The company had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.40 EPS. On average, analysts expect Travelers Companies to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Travelers Companies Price Performance

Shares of TRV opened at $221.06 on Tuesday. The company has a market capitalization of $50.65 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.16 and a beta of 0.58. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The business’s 50-day moving average is $221.82 and its 200-day moving average is $195.68.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.00 dividend on an annualized basis and a yield of 1.81%. Travelers Companies’s dividend payout ratio is currently 31.27%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TRV. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. TD Cowen initiated coverage on Travelers Companies in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Evercore ISI raised their target price on Travelers Companies from $230.00 to $253.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, Citigroup raised their target price on Travelers Companies from $185.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $215.71.

Insider Activity

In other news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the sale, the executive vice president now directly owns 14,080 shares in the company, valued at $2,966,374.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the sale, the executive vice president now directly owns 14,080 shares in the company, valued at $2,966,374.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,775 shares of company stock worth $23,343,903. 1.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelers Companies

Hedge funds have recently added to or reduced their stakes in the company. FWL Investment Management LLC bought a new position in Travelers Companies in the fourth quarter valued at about $28,000. Quarry LP bought a new position in Travelers Companies in the first quarter valued at about $31,000. AM Squared Ltd bought a new position in Travelers Companies in the first quarter valued at about $34,000. Tyler Stone Wealth Management bought a new position in Travelers Companies in the second quarter valued at about $46,000. Finally, Altshuler Shaham Ltd bought a new position in Travelers Companies in the fourth quarter valued at about $46,000. Institutional investors own 82.45% of the company’s stock.

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.