The Travelers Companies, Inc. (NYSE:TRV)‘s stock had its “neutral” rating reiterated by B. Riley in a research note issued to investors on Monday, November 6th. B. Riley also issued estimates for The Travelers Companies’ FY2017 earnings at $7.25 EPS, FY2018 earnings at $9.50 EPS and FY2019 earnings at $9.90 EPS.
TRV has been the subject of several other reports. Royal Bank Of Canada reissued a “buy” rating and set a $135.00 price objective on shares of The Travelers Companies in a research note on Monday, August 21st. Citigroup Inc. lowered their price objective on shares of The Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. Credit Suisse Group lowered their price objective on shares of The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of The Travelers Companies from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Finally, ValuEngine upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $128.54.
Shares of The Travelers Companies (TRV) opened at $129.92 on Monday. The company has a market cap of $35,558.59, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 2.47 and a beta of 1.26. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.29. The Travelers Companies has a 12 month low of $110.82 and a 12 month high of $135.71.
The Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The firm had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.46 billion. The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.40 earnings per share. equities analysts anticipate that The Travelers Companies will post 7.01 earnings per share for the current fiscal year.
The Travelers Companies announced that its board has authorized a stock buyback program on Monday, September 11th that authorizes the company to repurchase shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
In other news, EVP Andy F. Bessette sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total value of $265,960.00. Following the completion of the sale, the executive vice president now owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in TRV. CWM LLC grew its position in shares of The Travelers Companies by 4.9% during the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after buying an additional 37 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of The Travelers Companies by 361.1% during the 1st quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after buying an additional 686 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of The Travelers Companies during the 3rd quarter valued at about $106,000. Valeo Financial Advisors LLC bought a new stake in shares of The Travelers Companies during the 3rd quarter valued at about $108,000. Finally, Tradewinds Capital Management LLC grew its position in shares of The Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after buying an additional 10 shares during the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.
The Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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