Travelers Companies (NYSE:TRV) Announces Earnings Results, Beats Expectations By $1.79 EPS

Travelers Companies (NYSE:TRV) released its quarterly earnings results on Friday. The insurance provider reported $9.18 EPS for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79, FiscalAI reports. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%. The business had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion.

Travelers Companies Trading Up 1.5%

NYSE:TRV opened at $383.46 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. Travelers Companies has a 1-year low of $252.26 and a 1-year high of $398.70. The firm has a market capitalization of $79.98 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 2.92 and a beta of 0.43. The business’s 50-day moving average price is $368.89 and its two-hundred day moving average price is $337.13.

Insider Buying and Selling

In other news, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at approximately $2,048,789.58. This represents a 44.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Klein sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,667 shares of company stock worth $21,830,989 over the last quarter. Insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley increased their target price on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Truist Financial boosted their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Wells Fargo & Company reiterated a “cautious” rating on shares of Travelers Companies in a research report on Monday. Cantor Fitzgerald increased their price target on shares of Travelers Companies from $377.00 to $378.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Finally, Mizuho lowered their price target on shares of Travelers Companies from $348.00 to $345.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $357.26.

Travelers Companies Company Profile

Travelers Companies, Inc is an insurance provider that offers property and casualty coverage to individuals, businesses and organizations. The company operates through three primary segments: Personal Insurance, Business Insurance, and Bond & Specialty Insurance.

Its products and services include automobile and homeowners insurance, workers’ compensation, commercial property and casualty coverage, general and professional liability insurance, surety and fidelity bonds, and specialized insurance solutions for industries and businesses with complex risks.