Travelers Companies (NYSE:TRV) Announces Earnings Results

Travelers Companies (NYSE:TRV) announced its quarterly earnings results on Friday. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72), Briefing.com reports. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same period in the previous year, the business posted $0.06 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year.

Travelers Companies Stock Performance

Shares of TRV opened at $203.48 on Monday. The stock has a 50 day moving average of $210.53 and a 200 day moving average of $213.97. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $232.75. The company has a market capitalization of $46.59 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.22 and a beta of 0.61.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TRV shares. HSBC lifted their target price on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Morgan Stanley reduced their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday. Citigroup reaffirmed a “sell” rating and set a $200.00 target price (down from $226.00) on shares of Travelers Companies in a research report on Friday, June 28th. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Finally, Bank of America decreased their target price on shares of Travelers Companies from $214.00 to $202.00 and set an “underperform” rating for the company in a research report on Thursday, July 11th. Four analysts have rated the stock with a sell rating, fourteen have issued 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 presently has a consensus rating of “Hold” and an average target price of $220.11.

Insider Buying and Selling at Travelers Companies

In related news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the transaction, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock worth $3,980,827 in the last quarter. 1.33% of the stock is currently owned by company insiders.

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.