The Travelers Cos. (NYSE:TRV) is scheduled to be releasing its Q316 earnings data on Thursday, October 20th. Analysts expect The Travelers Cos. to post earnings of $2.27 per share and revenue of $6.36 billion for the quarter.
The Travelers Cos. (NYSE:TRV) last released its quarterly earnings results on Thursday, July 21st. The company reported $2.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.19 by $0.05. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the company posted $2.52 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. On average, analysts expect The Travelers Cos. to post $9.54 EPS for the current fiscal year and $9.84 EPS for the next fiscal year.
The Travelers Cos. (NYSE:TRV) opened at 114.98 on Tuesday. The stock has a market cap of $33.15 billion, a price-to-earnings ratio of 11.07 and a beta of 1.14. The Travelers Cos. has a 12-month low of $101.23 and a 12-month high of $119.32. The company’s 50 day moving average price is $115.45 and its 200-day moving average price is $115.02.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, September 7th. This represents a $2.68 dividend on an annualized basis and a yield of 2.33%. The Travelers Cos.’s dividend payout ratio (DPR) is 25.92%.
In other The Travelers Cos. news, Director Philip T. Ruegger III acquired 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were purchased at an average price of $117.95 per share, for a total transaction of $200,515.00. Following the completion of the purchase, the director now directly owns 20,126 shares in the company, valued at $2,373,861.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Brian W. Maclean sold 38,507 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $116.85, for a total transaction of $4,499,542.95. Following the sale, the chief operating officer now owns 145,001 shares in the company, valued at approximately $16,943,366.85. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TRV. Lebenthal Asset Management LLC acquired a new stake in The Travelers Cos. during the second quarter valued at $334,000. Lebenthal Wealth Advisors LLC purchased a new position in The Travelers Cos. during the second quarter valued at approximately $330,000. Lakeview Capital Partners LLC purchased a new position in The Travelers Cos. during the second quarter valued at approximately $263,000. Public Sector Pension Investment Board boosted its position in The Travelers Cos. by 15.9% in the second quarter. Public Sector Pension Investment Board now owns 55,412 shares of the company’s stock valued at $6,596,000 after buying an additional 7,600 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in The Travelers Cos. during the second quarter valued at approximately $1,369,000. Hedge funds and other institutional investors own 80.23% of the company’s stock.
A number of analysts recently weighed in on TRV shares. Bank of America Corp. raised shares of The Travelers Cos. from a “neutral” rating to a “buy” rating and set a $127.00 price target for the company in a research report on Tuesday, June 28th. They noted that the move was a valuation call. Barclays PLC reaffirmed an “equal weight” rating and set a $109.00 price target (up from $105.00) on shares of The Travelers Cos. in a research report on Saturday, October 1st. Credit Suisse Group AG set a $111.00 price target on shares of The Travelers Cos. and gave the stock a “hold” rating in a research report on Monday, September 12th. Zacks Investment Research raised shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $120.00 price objective (up previously from $117.00) on shares of The Travelers Cos. in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $117.00.
About The Travelers Cos.
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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