The Travelers Companies, Inc. (NYSE:TRV)‘s stock had its “neutral” rating reaffirmed by equities researchers at B. Riley in a note issued to investors on Monday, November 6th. B. Riley also issued estimates for The Travelers Companies’ FY2017 earnings at $7.25 EPS, FY2018 earnings at $9.50 EPS and FY2019 earnings at $9.90 EPS.
A number of other research analysts also recently commented on TRV. Buckingham Research started coverage on shares of The Travelers Companies in a research report on Monday, September 11th. They set a “buy” rating and a $136.00 target price on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $148.00 target price (down from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. ValuEngine raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $135.00 price objective on shares of The Travelers Companies in a report on Monday, August 21st. Finally, Barclays PLC increased their price target on The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $128.54.
The Travelers Companies (NYSE TRV) traded down $0.89 on Monday, reaching $129.92. 2,371,029 shares of the company traded hands, compared to its average volume of 1,493,896. The company has a market cap of $35,560.00, a P/E ratio of 16.33, a PEG ratio of 2.54 and a beta of 1.26. The Travelers Companies has a 52 week low of $110.40 and a 52 week high of $135.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41.
The Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.40 EPS. equities analysts anticipate that The Travelers Companies will post 7.01 earnings per share for the current year.
The Travelers Companies announced that its Board of Directors has approved a share buyback plan on Monday, September 11th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
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In other news, EVP Andy F. Bessette sold 2,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total transaction of $265,960.00. Following the transaction, the executive vice president now owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.82% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of The Travelers Companies by 4.9% during the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 37 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in The Travelers Companies during the third quarter worth about $106,000. Westside Investment Management Inc. boosted its stake in The Travelers Companies by 361.1% during the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after acquiring an additional 686 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of The Travelers Companies in the third quarter worth approximately $108,000. Finally, Tradewinds Capital Management LLC lifted its stake in shares of The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after buying an additional 10 shares in the last quarter. 77.63% of the stock is owned by institutional investors.
The Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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