The Travelers Companies, Inc. (NYSE:TRV) will issue its quarterly earnings data before the market opens on Thursday, July 20th. Analysts expect the company to announce earnings of $2.12 per share for the quarter.
The Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 20th. The insurance provider reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.40 by $0.24. The Travelers Companies had a return on equity of 12.01% and a net margin of 10.55%. The business had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter last year, the company posted $2.33 EPS. The Travelers Companies’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts expect The Travelers Companies to post $9.19 EPS for the current fiscal year and $9.79 EPS for the next fiscal year.
Shares of The Travelers Companies, Inc. (NYSE TRV) opened at 126.23 on Tuesday. The firm has a market cap of $35.27 billion, a P/E ratio of 12.42 and a beta of 1.20. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $129.60. The stock’s 50 day moving average is $124.75 and its 200 day moving average is $121.62.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 9th were issued a $0.72 dividend. The ex-dividend date was Wednesday, June 7th. This is a positive change from The Travelers Companies’s previous quarterly dividend of $0.67. This represents a $2.88 annualized dividend and a dividend yield of 2.28%. The Travelers Companies’s payout ratio is 28.40%.
The Travelers Companies declared that its board has initiated a share repurchase plan on Thursday, April 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
A number of research analysts have issued reports on the stock. Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $120.62 to $129.44 in a research note on Monday, June 19th. BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of The Travelers Companies in a research note on Tuesday, June 20th. Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price for the company in a research note on Tuesday, June 27th. Finally, Morgan Stanley reissued an “underweight” rating and set a $119.00 target price (up from $112.00) on shares of The Travelers Companies in a research note on Friday, July 7th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $123.47.
In other news, Vice Chairman William H. Heyman sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $123.48, for a total transaction of $864,360.00. Following the sale, the insider now owns 246,744 shares in the company, valued at $30,467,949.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $124.38, for a total transaction of $995,040.00. Following the sale, the insider now owns 241,744 shares in the company, valued at approximately $30,068,118.72. The disclosure for this sale can be found here. Insiders have sold 184,746 shares of company stock worth $22,540,057 in the last 90 days. 0.82% of the stock is owned by company insiders.
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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