The Travelers Companies to Post FY2018 Earnings of $11.15 Per Share, Langen Mcalenn Forecasts (TRV)

The Travelers Companies (NYSE:TRV) – Langen Mcalenn cut their FY2018 earnings estimates for shares of The Travelers Companies in a research note issued on Wednesday, April 11th. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will post earnings of $11.15 per share for the year, down from their previous forecast of $11.50.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.28). The Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter last year, the firm posted $3.20 EPS. The company’s revenue was up 3.6% compared to the same quarter last year.



A number of other research analysts have also issued reports on TRV. ValuEngine lowered The Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a research report on Friday, January 5th. Bank of America upgraded The Travelers Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Wells Fargo reiterated a “market perform” rating and set a $142.00 price target on shares of The Travelers Companies in a research report on Tuesday, January 23rd. Finally, Credit Suisse Group boosted their price objective on The Travelers Companies from $141.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $138.07.

Shares of TRV stock opened at $137.29 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. The Travelers Companies has a 1 year low of $113.76 and a 1 year high of $150.55. The firm has a market cap of $37,074.35, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.72 and a beta of 1.25.

Several institutional investors have recently made changes to their positions in the company. Green Square Capital LLC raised its position in shares of The Travelers Companies by 58.8% during the fourth quarter. Green Square Capital LLC now owns 11,539 shares of the insurance provider’s stock worth $1,565,000 after purchasing an additional 4,273 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of The Travelers Companies by 5.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 50,176 shares of the insurance provider’s stock worth $6,806,000 after purchasing an additional 2,816 shares during the period. Colonial Trust Advisors raised its position in shares of The Travelers Companies by 89.4% during the fourth quarter. Colonial Trust Advisors now owns 4,076 shares of the insurance provider’s stock worth $553,000 after purchasing an additional 1,924 shares during the period. CNB Bank acquired a new stake in shares of The Travelers Companies during the fourth quarter worth $113,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of The Travelers Companies by 1.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 153,568 shares of the insurance provider’s stock worth $20,830,000 after purchasing an additional 2,361 shares during the period. 80.14% of the stock is currently owned by institutional investors.

In other news, COO Brian W. Maclean sold 88,607 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $149.29, for a total value of $13,228,139.03. Following the sale, the chief operating officer now owns 211,293 shares of the company’s stock, valued at approximately $31,543,931.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jay S. Benet sold 4,437 shares of the business’s stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $136.02, for a total value of $603,520.74. Following the completion of the sale, the insider now directly owns 89,737 shares in the company, valued at approximately $12,206,026.74. The disclosure for this sale can be found here. Insiders sold a total of 204,912 shares of company stock worth $29,890,095 in the last three months. Company insiders own 0.82% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 9th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Thursday, March 8th. The Travelers Companies’s dividend payout ratio is presently 39.56%.

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About The Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

Earnings History and Estimates for The Travelers Companies (NYSE:TRV)

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