Zacks: Analysts Expect Travelers Companies Inc (NYSE:TRV) Will Announce Earnings of $2.34 Per Share

Equities analysts forecast that Travelers Companies Inc (NYSE:TRV) will post earnings per share of $2.34 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Travelers Companies’ earnings. The highest EPS estimate is $2.51 and the lowest is $2.09. Travelers Companies posted earnings of $2.54 per share in the same quarter last year, which would suggest a negative year over year growth rate of 7.9%. The business is expected to issue its next earnings results before the market opens on Tuesday, October 22nd.

According to Zacks, analysts expect that Travelers Companies will report full-year earnings of $10.55 per share for the current financial year, with EPS estimates ranging from $10.15 to $10.80. For the next fiscal year, analysts forecast that the firm will post earnings of $11.49 per share, with EPS estimates ranging from $10.50 to $12.00. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Travelers Companies.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.30). The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.03 billion. Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 earnings per share.

A number of research analysts have issued reports on TRV shares. Bank of America downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $156.00 price objective on the stock. in a research report on Wednesday, September 18th. Barclays reduced their price objective on shares of Travelers Companies from $177.00 to $174.00 and set an “overweight” rating on the stock in a research report on Wednesday. UBS Group boosted their price objective on shares of Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Deutsche Bank cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 target price on the stock. in a report on Thursday, June 27th. Finally, Buckingham Research cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 target price on the stock. in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $149.08.

In related news, Vice Chairman Jay S. Benet sold 21,972 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $146.59, for a total value of $3,220,875.48. Following the transaction, the insider now owns 94,588 shares in the company, valued at approximately $13,865,654.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 7,500 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $149.50, for a total transaction of $1,121,250.00. Following the completion of the transaction, the insider now owns 242,245 shares in the company, valued at approximately $36,215,627.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,566 shares of company stock worth $8,347,056. Company insiders own 0.73% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TRV. BLB&B Advisors LLC raised its position in Travelers Companies by 1.5% in the 2nd quarter. BLB&B Advisors LLC now owns 4,788 shares of the insurance provider’s stock worth $716,000 after buying an additional 70 shares during the last quarter. Pinnacle Associates Ltd. raised its position in Travelers Companies by 0.3% in the 2nd quarter. Pinnacle Associates Ltd. now owns 24,817 shares of the insurance provider’s stock worth $3,711,000 after buying an additional 71 shares during the last quarter. Glassman Wealth Services raised its position in Travelers Companies by 2.6% in the 1st quarter. Glassman Wealth Services now owns 2,958 shares of the insurance provider’s stock worth $406,000 after buying an additional 74 shares during the last quarter. Cibc Bank USA raised its position in Travelers Companies by 2.4% in the 2nd quarter. Cibc Bank USA now owns 3,194 shares of the insurance provider’s stock worth $478,000 after buying an additional 76 shares during the last quarter. Finally, Motco raised its position in Travelers Companies by 65.6% in the 2nd quarter. Motco now owns 207 shares of the insurance provider’s stock worth $31,000 after buying an additional 82 shares during the last quarter. Institutional investors own 81.39% of the company’s stock.

Travelers Companies stock traded up $3.23 during mid-day trading on Friday, reaching $144.96. 1,153,121 shares of the company traded hands, compared to its average volume of 1,284,840. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38. The firm’s 50 day moving average price is $147.07 and its 200 day moving average price is $145.65. The firm has a market capitalization of $36.90 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.45 and a beta of 0.93. Travelers Companies has a 52-week low of $111.08 and a 52-week high of $155.09.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Monday, September 9th. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.

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.

Recommended Story: Initial Coin Offering (ICO)

Get a free copy of the Zacks research report on Travelers Companies (TRV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.