Travelers Companies Inc (NYSE:TRV) – Research analysts at William Blair decreased their FY2018 EPS estimates for shares of Travelers Companies in a research note issued on Thursday, October 18th. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings per share of $9.50 for the year, down from their prior estimate of $9.72. William Blair also issued estimates for Travelers Companies’ Q2 2019 earnings at $2.17 EPS, Q3 2019 earnings at $2.37 EPS, Q4 2019 earnings at $3.58 EPS and FY2020 earnings at $11.20 EPS.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.28. Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%. The company had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Travelers Companies’s revenue was up 5.5% compared to the same quarter last year.
TRV has been the subject of a number of other research reports. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “hold” rating in a report on Friday, October 12th. Wells Fargo & Co restated a “hold” rating and set a $142.00 target price on shares of Travelers Companies in a report on Thursday, July 19th. ValuEngine upgraded Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Credit Suisse Group started coverage on Travelers Companies in a report on Tuesday, August 7th. They set a “neutral” rating and a $141.00 target price for the company. Finally, Citigroup set a $144.00 target price on Travelers Companies and gave the stock a “buy” rating in a report on Thursday, July 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $136.53.
Travelers Companies stock opened at $126.07 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. The firm has a market cap of $33.85 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 1.00 and a beta of 1.25. Travelers Companies has a twelve month low of $120.74 and a twelve month high of $150.55.
Several institutional investors and hedge funds have recently modified their holdings of TRV. Moody Aldrich Partners LLC purchased a new position in Travelers Companies in the 2nd quarter worth $74,138,000. Squar Milner Financial Services LLC purchased a new position in Travelers Companies in the 2nd quarter worth $100,000. Landaas & Co. WI ADV purchased a new position in Travelers Companies in the 2nd quarter worth $108,000. Acadian Asset Management LLC purchased a new position in Travelers Companies in the 2nd quarter worth $112,000. Finally, American National Bank purchased a new position in Travelers Companies in the 2nd quarter worth $117,000. Hedge funds and other institutional investors own 78.62% of the company’s stock.
In other news, EVP Andy F. Bessette sold 8,892 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the completion of the sale, the executive vice president now owns 10,551 shares in the company, valued at approximately $1,379,859.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Jay S. Benet sold 8,876 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total value of $1,171,632.00. Following the sale, the insider now owns 94,176 shares of the company’s stock, valued at approximately $12,431,232. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $3.08 annualized dividend and a dividend yield of 2.44%. Travelers Companies’s dividend payout ratio is presently 42.31%.