Zacks: Brokerages Anticipate Travelers Companies Inc (TRV) to Post $2.46 EPS

Wall Street brokerages expect Travelers Companies Inc (NYSE:TRV) to report $2.46 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Travelers Companies’ earnings, with estimates ranging from $2.23 to $2.88. Travelers Companies reported earnings per share of $1.81 during the same quarter last year, which would indicate a positive year over year growth rate of 35.9%. The company is scheduled to report its next quarterly earnings report on Thursday, July 18th.

According to Zacks, analysts expect that Travelers Companies will report full year earnings of $11.11 per share for the current financial year, with EPS estimates ranging from $10.34 to $11.75. For the next year, analysts anticipate that the business will report earnings of $11.81 per share, with EPS estimates ranging from $11.10 to $12.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Travelers Companies.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.07. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.94 billion. During the same quarter in the prior year, the business posted $2.46 EPS. Travelers Companies’s revenue for the quarter was up 4.9% compared to the same quarter last year.



TRV has been the subject of several research reports. Zacks Investment Research downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Wells Fargo & Co set a $130.00 price objective on shares of Travelers Companies and gave the company a “hold” rating in a report on Wednesday, January 23rd. Credit Suisse Group reissued a “neutral” rating on shares of Travelers Companies in a report on Wednesday, January 23rd. Barclays increased their price objective on shares of Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Finally, UBS Group increased their price objective on shares of Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Travelers Companies presently has an average rating of “Hold” and an average price target of $140.58.

Shares of TRV traded up $0.68 during midday trading on Wednesday, hitting $148.17. 1,440,500 shares of the company traded hands, compared to its average volume of 1,368,939. Travelers Companies has a 52 week low of $111.08 and a 52 week high of $148.85. The company has a market capitalization of $38.63 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08. 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 also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $0.82 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date is Friday, June 7th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.21%. Travelers Companies’s dividend payout ratio (DPR) is presently 34.45%.

In related news, EVP Michael Frederick Klein sold 4,850 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $131.26, for a total value of $636,611.00. Following the completion of the transaction, the executive vice president now owns 3,545 shares of the company’s stock, valued at approximately $465,316.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 10,000 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $147.75, for a total transaction of $1,477,500.00. Following the completion of the transaction, the insider now directly owns 247,245 shares of the company’s stock, valued at approximately $36,530,448.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 299,026 shares of company stock valued at $41,533,619. 0.73% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in TRV. Oregon Public Employees Retirement Fund lifted its holdings in shares of Travelers Companies by 11,730.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 3,495,996 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Travelers Companies by 7.3% in the 1st quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock valued at $3,100,401,000 after acquiring an additional 1,528,327 shares during the last quarter. Norges Bank bought a new position in shares of Travelers Companies in the 4th quarter valued at about $143,417,000. Eidelman Virant Capital bought a new position in shares of Travelers Companies in the 4th quarter valued at about $3,855,000. Finally, FMR LLC lifted its holdings in shares of Travelers Companies by 9.4% in the 1st quarter. FMR LLC now owns 10,500,482 shares of the insurance provider’s stock valued at $1,440,247,000 after acquiring an additional 904,028 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

About 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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