The Travelers Companies, Inc. (NYSE:TRV) is scheduled to release its earnings data before the market opens on Thursday, October 19th. Analysts expect The Travelers Companies to post earnings of $2.10 per share for the quarter.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by ($0.15). The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the firm earned $2.20 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect The Travelers Companies to post $7.37 EPS for the current fiscal year and $9.58 EPS for the next fiscal year.
The Travelers Companies, Inc. (TRV) opened at 125.61 on Thursday. The firm has a market capitalization of $34.66 billion, a P/E ratio of 12.51 and a beta of 1.20. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.37. The company’s 50 day moving average price is $122.30 and its 200 day moving average price is $123.92.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, September 7th. The Travelers Companies’s payout ratio is 28.77%.
The Travelers Companies announced that its Board of Directors has approved a stock buyback plan on Monday, September 11th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
In related news, EVP Kenneth Franklin Spence III sold 4,800 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $128.73, for a total value of $617,904.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 24,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the completion of the transaction, the insider now owns 253,744 shares in the company, valued at $32,134,140.16. The disclosure for this sale can be found here. Insiders have sold a total of 128,323 shares of company stock worth $16,436,703 in the last 90 days. 0.82% of the stock is owned by insiders.
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Several brokerages recently commented on TRV. Citigroup Inc. reduced their price target on shares of The Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of The Travelers Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. UBS AG reduced their price target on shares of The Travelers Companies from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, September 19th. Wells Fargo & Company restated a “hold” rating and issued a $125.00 price target on shares of The Travelers Companies in a research report on Tuesday, September 12th. Finally, Credit Suisse Group reduced their price target on shares of The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, September 12th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $125.71.
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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