Travelers Companies Inc (NYSE:TRV) – Stock analysts at B. Riley dropped their FY2018 earnings estimates for Travelers Companies in a research note issued on Friday, October 26th. B. Riley analyst R. Binner now expects that the insurance provider will post earnings per share of $9.70 for the year, down from their prior forecast of $9.85. B. Riley currently has a “Neutral” rating and a $136.00 target price on the stock.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.28. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. The company had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same period last year, the business earned $0.91 earnings per share. Travelers Companies’s revenue was up 5.5% compared to the same quarter last year.
Shares of Travelers Companies stock opened at $125.87 on Monday. Travelers Companies has a 1 year low of $119.67 and a 1 year high of $150.55. The company has a market cap of $32.13 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 0.97 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.39 and a quick ratio of 0.39.
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 $0.77 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.45%. Travelers Companies’s payout ratio is 42.31%.
In related news, EVP Andy F. Bessette sold 8,892 shares of Travelers Companies stock in a transaction on Friday, August 17th. The shares were sold at an average price of $130.78, for a total value of $1,162,895.76. Following the transaction, the executive vice president now directly owns 10,551 shares of the company’s stock, valued at $1,379,859.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jay S. Benet sold 8,876 shares of Travelers Companies stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the completion of the transaction, the insider now directly owns 94,176 shares in the company, valued at $12,431,232. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Moody Aldrich Partners LLC purchased a new position in shares of Travelers Companies in the second quarter worth $74,138,000. Squar Milner Financial Services LLC purchased a new position in shares of Travelers Companies in the second quarter worth $100,000. Landaas & Co. WI ADV purchased a new position in shares of Travelers Companies in the second quarter worth $108,000. Acadian Asset Management LLC purchased a new position in shares of Travelers Companies in the second quarter worth $112,000. Finally, American National Bank purchased a new position in shares of Travelers Companies in the second quarter worth $117,000. 79.44% of the stock is currently owned by institutional investors.
Travelers Companies Company Profile
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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