William Blair Analysts Cut Earnings Estimates for Travelers Companies Inc (NYSE:TRV)

Travelers Companies Inc (NYSE:TRV) – William Blair lowered their Q2 2020 earnings estimates for Travelers Companies in a report issued on Tuesday, October 22nd. William Blair analyst A. Klauber now forecasts that the insurance provider will earn $2.12 per share for the quarter, down from their previous estimate of $2.30. William Blair also issued estimates for Travelers Companies’ FY2020 earnings at $10.70 EPS.

A number of other research analysts also recently weighed in on TRV. Argus cut their price objective on Travelers Companies to $145.00 in a research note on Thursday. Buckingham Research downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a research note on Friday, July 19th. Morgan Stanley cut their price objective on Travelers Companies from $136.00 to $125.00 and set an “underweight” rating on the stock in a research note on Wednesday. Barclays cut their price objective on Travelers Companies from $177.00 to $174.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Finally, ValuEngine downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $146.93.

Shares of TRV stock opened at $131.43 on Friday. The stock’s 50 day simple moving average is $144.79 and its 200 day simple moving average is $146.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38. Travelers Companies has a twelve month low of $111.08 and a twelve month high of $155.09. The company has a market capitalization of $34.11 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.36 and a beta of 0.93.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, October 22nd. The insurance provider reported $1.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.35 by ($0.92). Travelers Companies had a net margin of 7.57% and a return on equity of 9.13%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the previous year, the business posted $2.54 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Monday, December 9th. Travelers Companies’s dividend payout ratio (DPR) is currently 36.69%.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 21,972 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $146.59, for a total value of $3,220,875.48. Following the sale, the insider now owns 94,588 shares of the company’s stock, valued at approximately $13,865,654.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andy F. Bessette sold 11,650 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $146.85, for a total value of $1,710,802.50. Following the completion of the sale, the executive vice president now directly owns 21,259 shares in the company, valued at approximately $3,121,884.15. The disclosure for this sale can be found here. Insiders sold a total of 49,066 shares of company stock worth $7,225,806 in the last ninety days. Insiders own 0.73% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Partners grew its holdings in shares of Travelers Companies by 133.3% during the 2nd quarter. Boston Partners now owns 4,072,444 shares of the insurance provider’s stock worth $609,075,000 after purchasing an additional 2,326,784 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Travelers Companies by 757.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,624,626 shares of the insurance provider’s stock worth $242,914,000 after purchasing an additional 1,435,094 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of Travelers Companies by 155.0% during the 2nd quarter. APG Asset Management N.V. now owns 1,352,816 shares of the insurance provider’s stock worth $177,619,000 after purchasing an additional 822,400 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Travelers Companies by 16,739.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 424,196 shares of the insurance provider’s stock worth $42,420,000 after purchasing an additional 421,677 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Travelers Companies by 21.6% during the 2nd quarter. California Public Employees Retirement System now owns 2,054,782 shares of the insurance provider’s stock worth $307,231,000 after purchasing an additional 364,916 shares in the last quarter. 81.42% of the stock is currently 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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Earnings History and Estimates for Travelers Companies (NYSE:TRV)

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