Travelers Companies (NYSE:TRV) Posts Quarterly Earnings Results, Beats Expectations By $2.65 EPS

Travelers Companies (NYSE:TRV) released its earnings results on Wednesday. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65, Zacks reports. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10,795,375 billion. During the same period in the prior year, the firm earned $7.01 EPS. The firm’s revenue was up 9.9% on a year-over-year basis.

Travelers Companies Stock Down 0.3 %

TRV stock opened at $238.87 on Wednesday. The firm has a market cap of $54.23 billion, a PE ratio of 12.25, a PEG ratio of 1.05 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The firm’s 50 day moving average price is $249.19 and its 200-day moving average price is $236.44. Travelers Companies has a one year low of $200.21 and a one year high of $269.55.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TRV. Piper Sandler cut their target price on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group increased their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company cut their price target on Travelers Companies from $217.00 to $213.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Barclays cut their price target on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $254.65.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,684 shares of company stock valued at $5,384,969. 1.33% of the stock is currently owned by company insiders.

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.