The Travelers Companies, Inc. (NYSE:TRV) – Equities researchers at B. Riley issued their FY2017 earnings per share estimates for The Travelers Companies in a research report issued on Monday, according to Zacks Investment Research. B. Riley analyst R. Binner anticipates that the insurance provider will earn $7.25 per share for the year. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for The Travelers Companies’ FY2018 earnings at $9.50 EPS and FY2019 earnings at $9.90 EPS.
The Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.46 billion. The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $2.40 EPS. COPYRIGHT VIOLATION NOTICE: “Brokers Offer Predictions for The Travelers Companies, Inc.’s FY2017 Earnings (NYSE:TRV)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://ledgergazette.com/2017/11/17/equities-analysts-offer-predictions-for-the-travelers-companies-inc-s-fy2017-earnings-trv.html.
Several other brokerages also recently commented on TRV. Citigroup Inc. reiterated a “buy” rating and set a $148.00 target price (down from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. BidaskClub downgraded The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. MKM Partners restated a “neutral” rating and issued a $130.00 price target (up from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Barclays PLC boosted their price target on The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $135.00 price target on shares of The Travelers Companies in a research note on Monday, August 21st. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The Travelers Companies presently has an average rating of “Hold” and an average target price of $128.54.
The Travelers Companies (NYSE TRV) traded down $2.90 during trading hours on Wednesday, hitting $130.81. The company’s stock had a trading volume of 2,375,700 shares, compared to its average volume of 1,493,896. The firm has a market cap of $36,595.88, a price-to-earnings ratio of 16.33, a price-to-earnings-growth 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 current ratio of 0.41 and a quick ratio of 0.41.
Institutional investors have recently made changes to their positions in the stock. CWM LLC boosted its position 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 valued at $100,000 after purchasing an additional 37 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in The Travelers Companies by 361.1% in 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. Fieldpoint Private Securities LLC bought a new position in The Travelers Companies in the third quarter worth approximately $106,000. Valeo Financial Advisors LLC bought a new position in The Travelers Companies in the third quarter worth approximately $108,000. Finally, Tradewinds Capital Management LLC boosted its holdings in 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 acquiring an additional 10 shares in the last quarter. Institutional investors own 77.63% of the company’s stock.
In other The Travelers Companies news, EVP Andy F. Bessette sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total value of $265,960.00. Following the sale, the executive vice president now owns 8,000 shares in the company, valued at approximately $1,063,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.82% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be given a $0.72 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.20%. The Travelers Companies’s dividend payout ratio (DPR) is presently 33.45%.
The Travelers Companies declared that its Board of Directors has initiated a stock repurchase program on Monday, September 11th that permits the company to repurchase outstanding shares. This repurchase authorization permits the insurance provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
About The Travelers Companies
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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