The Travelers Companies, Inc. Forecasted to Post Q4 2024 Earnings of $6.09 Per Share (NYSE:TRV)

The Travelers Companies, Inc. (NYSE:TRV) – Stock analysts at William Blair boosted their Q4 2024 earnings per share estimates for shares of Travelers Companies in a research note issued to investors on Wednesday, April 17th. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings per share of $6.09 for the quarter, up from their prior forecast of $6.00. The consensus estimate for Travelers Companies’ current full-year earnings is $17.66 per share.

Several other research analysts also recently commented on the stock. Evercore ISI lowered their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. The Goldman Sachs Group raised their price objective on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Roth Mkm reissued a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $223.18.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $214.27 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The company has a market cap of $49.07 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The company has a 50 day moving average of $221.78 and a 200-day moving average of $197.48. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm earned $4.11 EPS.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s dividend payout ratio is currently 29.72%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total transaction of $533,850.00. Following the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,490,710.12. The disclosure for this sale can be found here. Insiders sold a total of 68,734 shares of company stock worth $14,637,364 over the last three months. 1.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Quarterback LLC boosted its holdings in Travelers Companies by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock worth $825,000 after acquiring an additional 49 shares in the last quarter. Kapitalo Investimentos Ltda lifted its holdings in shares of Travelers Companies by 24.1% in the 4th quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 49 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Travelers Companies by 9.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after purchasing an additional 50 shares in the last quarter. Norwood Financial Corp increased its stake in Travelers Companies by 16.1% during the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after purchasing an additional 50 shares in the last quarter. Finally, Grimes & Company Inc. increased its stake in Travelers Companies by 2.2% during the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock valued at $461,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

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.