Travelers Companies (NYSE:TRV) Posts Earnings Results, Hits Estimates

Travelers Companies (NYSE:TRVGet Rating) released its quarterly earnings results on Tuesday. The insurance provider reported $3.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.40, Yahoo Finance reports. The company had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.78 billion. Travelers Companies had a return on equity of 14.31% and a net margin of 9.26%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.20 earnings per share.

Travelers Companies Stock Up 0.6 %

Shares of Travelers Companies stock opened at $186.36 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.37. The business’s 50 day simple moving average is $187.44 and its 200-day simple moving average is $173.38. The stock has a market capitalization of $43.67 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 2.30 and a beta of 0.65. Travelers Companies has a twelve month low of $149.65 and a twelve month high of $194.45.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.00%. Travelers Companies’s payout ratio is currently 27.19%.

Analyst Ratings Changes

Several equities analysts recently commented on TRV shares. Raymond James upped their target price on Travelers Companies from $185.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 20th. Piper Sandler boosted their price target on Travelers Companies from $182.00 to $190.00 in a research report on Tuesday, January 10th. Royal Bank of Canada boosted their price target on Travelers Companies from $165.00 to $180.00 and gave the company a “sector perform” rating in a research report on Thursday, October 20th. BMO Capital Markets initiated coverage on Travelers Companies in a research report on Thursday, January 19th. They set an “outperform” rating and a $212.00 price target for the company. Finally, Evercore ISI raised Travelers Companies from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $183.00 to $220.00 in a research report on Tuesday, January 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $186.53.

Insider Transactions at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 5,234 shares of the stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $188.48, for a total value of $986,504.32. Following the completion of the transaction, the executive vice president now directly owns 48,756 shares of the company’s stock, valued at approximately $9,189,530.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Vice Chairman William H. Heyman sold 14,000 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $183.61, for a total transaction of $2,570,540.00. Following the completion of the sale, the insider now directly owns 251,605 shares of the company’s stock, valued at approximately $46,197,194.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 5,234 shares of the stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $188.48, for a total value of $986,504.32. Following the completion of the sale, the executive vice president now owns 48,756 shares of the company’s stock, valued at approximately $9,189,530.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,969 shares of company stock worth $11,503,468. 1.07% of the stock is currently owned by company insiders.

Institutional Trading of Travelers Companies

Hedge funds have recently modified their holdings of the business. CENTRAL TRUST Co raised its holdings in shares of Travelers Companies by 6.3% during the third quarter. CENTRAL TRUST Co now owns 4,806 shares of the insurance provider’s stock worth $736,000 after acquiring an additional 285 shares in the last quarter. Advisors Capital Management LLC raised its holdings in shares of Travelers Companies by 14.5% during the third quarter. Advisors Capital Management LLC now owns 1,409 shares of the insurance provider’s stock worth $257,000 after acquiring an additional 178 shares in the last quarter. Captrust Financial Advisors increased its position in Travelers Companies by 9.3% during the third quarter. Captrust Financial Advisors now owns 39,294 shares of the insurance provider’s stock worth $6,020,000 after buying an additional 3,355 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its position in Travelers Companies by 3.7% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,505 shares of the insurance provider’s stock worth $1,303,000 after buying an additional 307 shares during the last quarter. Finally, Kentucky Retirement Systems grew its position in shares of Travelers Companies by 4.3% in the third quarter. Kentucky Retirement Systems now owns 18,576 shares of the insurance provider’s stock valued at $2,846,000 after purchasing an additional 766 shares during the last quarter. Hedge funds and other institutional investors own 81.59% of the company’s stock.

About Travelers Companies

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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 for Travelers Companies (NYSE:TRV)

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