Travelers Companies Inc (NYSE:TRV) – Equities research analysts at William Blair dropped their Q3 2017 earnings per share (EPS) estimates for Travelers Companies in a research note issued on Thursday. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings of $2.06 per share for the quarter, down from their previous estimate of $2.07. William Blair also issued estimates for Travelers Companies’ Q4 2017 earnings at $2.72 EPS, FY2017 earnings at $8.84 EPS, Q1 2018 earnings at $2.31 EPS, Q2 2018 earnings at $2.17 EPS, Q3 2018 earnings at $1.99 EPS and Q4 2018 earnings at $2.77 EPS.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. Travelers Companies had a return on equity of 9.97% and a net margin of 8.28%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 EPS.
Other research analysts have also issued reports about the stock. Vetr upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a research note on Monday, July 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $126.00 price objective on shares of Travelers Companies in a research note on Monday, May 22nd. Argus upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Monday, April 24th. Citigroup Inc. lifted their price objective on shares of Travelers Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, April 7th. Finally, BidaskClub upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $123.47.
Shares of Travelers Companies (NYSE TRV) opened at 125.15 on Friday. Travelers Companies has a 12 month low of $103.45 and a 12 month high of $129.60. The company’s 50-day moving average price is $126.44 and its 200-day moving average price is $122.05. The firm has a market cap of $34.97 billion, a P/E ratio of 12.31 and a beta of 1.21.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock worth $2,597,871,000 after buying an additional 633,510 shares during the period. BlackRock Inc. raised its position in Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after buying an additional 19,585,476 shares during the period. State Street Corp raised its position in Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock worth $2,284,205,000 after buying an additional 304,049 shares during the period. FMR LLC raised its position in Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock worth $795,148,000 after buying an additional 1,954,573 shares during the period. Finally, AQR Capital Management LLC raised its position in Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock worth $364,779,000 after buying an additional 260,838 shares during the period. Hedge funds and other institutional investors own 77.92% of the company’s stock.
In other news, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $125.66, for a total transaction of $693,391.88. Following the completion of the transaction, the insider now directly owns 82,824 shares in the company, valued at approximately $10,407,663.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 8,186 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $124.84, for a total transaction of $1,021,940.24. Following the transaction, the executive vice president now owns 88,697 shares of the company’s stock, valued at $11,072,933.48. The disclosure for this sale can be found here. Insiders have sold a total of 190,264 shares of company stock valued at $23,233,448 over the last 90 days. Company insiders own 0.82% of the company’s stock.
Travelers Companies declared that its Board of Directors has initiated a stock repurchase program on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.30%. Travelers Companies’s dividend payout ratio (DPR) is currently 28.40%.
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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