Wall Street brokerages expect The Travelers Companies (NYSE:TRV) to report $7.24 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for The Travelers Companies’ earnings. The lowest sales estimate is $7.16 billion and the highest is $7.34 billion. The Travelers Companies reported sales of $6.94 billion during the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The business is expected to announce its next earnings report before the market opens on Tuesday, April 24th.
According to Zacks, analysts expect that The Travelers Companies will report full year sales of $29.35 billion for the current fiscal year, with estimates ranging from $29.08 billion to $29.70 billion. For the next fiscal year, analysts forecast that the business will report sales of $30.49 billion per share, with estimates ranging from $30.23 billion to $30.86 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover The Travelers Companies.
The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.56 by ($0.28). The Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The firm had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period last year, the company posted $3.20 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year.
In other news, EVP Thomas M. Kunkel sold 9,595 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $150.09, for a total value of $1,440,113.55. Following the transaction, the executive vice president now owns 28,956 shares in the company, valued at approximately $4,346,006.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian W. Maclean sold 88,607 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $149.29, for a total transaction of $13,228,139.03. Following the completion of the transaction, the chief operating officer now owns 211,293 shares in the company, valued at approximately $31,543,931.97. The disclosure for this sale can be found here. Insiders have sold a total of 204,912 shares of company stock worth $29,890,095 in the last 90 days. Company insiders own 0.82% of the company’s stock.
Large investors have recently modified their holdings of the company. Stelac Advisory Services LLC bought a new position in shares of The Travelers Companies in the 4th quarter worth approximately $101,000. Field & Main Bank bought a new position in shares of The Travelers Companies in the 4th quarter worth approximately $102,000. Fieldpoint Private Securities LLC bought a new position in shares of The Travelers Companies in the 3rd quarter worth approximately $106,000. Valeo Financial Advisors LLC bought a new position in shares of The Travelers Companies in the 3rd quarter worth approximately $108,000. Finally, CNB Bank bought a new position in shares of The Travelers Companies in the 4th quarter worth approximately $113,000. Hedge funds and other institutional investors own 80.14% of the company’s stock.
Shares of TRV stock opened at $136.29 on Friday. The Travelers Companies has a one year low of $113.76 and a one year high of $150.55. The stock has a market cap of $37,074.35, a P/E ratio of 18.72, a PEG ratio of 1.72 and a beta of 1.25. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.28.
The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 9th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, March 8th. The Travelers Companies’s dividend payout ratio is currently 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.
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