The Travelers Companies, Inc. (NYSE:TRV) – Equities research analysts at Langen Mcalenn cut their FY2017 earnings estimates for The Travelers Companies in a note issued to investors on Thursday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings per share of $6.70 for the year, down from their previous forecast of $7.64. Langen Mcalenn also issued estimates for The Travelers Companies’ Q4 2017 earnings at $1.69 EPS.
The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the consensus estimate of $2.10 by ($1.19). The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the previous year, the firm posted $2.40 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “Analysts Set Expectations for The Travelers Companies, Inc.’s FY2017 Earnings (TRV)” was first posted by Stock Observer and is the property of of Stock Observer. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.thestockobserver.com/2017/11/15/analysts-set-expectations-for-the-travelers-companies-inc-s-fy2017-earnings-trv.html.
TRV has been the subject of several other reports. Zacks Investment Research upgraded shares of The Travelers Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. BidaskClub cut shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Buckingham Research assumed coverage on shares of The Travelers Companies in a research note on Monday, September 11th. They set a “buy” rating and a $136.00 price objective for the company. Morgan Stanley lifted their price objective on shares of The Travelers Companies from $119.00 to $124.00 and gave the company an “underweight” rating in a research note on Friday, October 20th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $135.00 price objective on shares of The Travelers Companies in a research note on Monday, August 21st. Five analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $128.54.
Shares of The Travelers Companies (NYSE TRV) opened at $133.86 on Monday. 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 has a 12 month low of $110.40 and a 12 month high of $135.71. The company has a market cap of $37,096.74, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 2.50 and a beta of 1.26.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of The Travelers Companies by 1.0% during the second quarter. Vanguard Group Inc. now owns 21,769,557 shares of the insurance provider’s stock worth $2,754,501,000 after buying an additional 217,625 shares in the last quarter. BlackRock Inc. grew its holdings in shares of The Travelers Companies by 2,395.6% during the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after buying an additional 19,585,476 shares in the last quarter. State Street Corp grew its holdings in shares of The Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock valued at $2,284,205,000 after purchasing an additional 304,049 shares during the period. FMR LLC grew its holdings in shares of The Travelers Companies by 6.4% in the second quarter. FMR LLC now owns 7,020,581 shares of the insurance provider’s stock valued at $888,314,000 after purchasing an additional 424,036 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of The Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock valued at $364,779,000 after purchasing an additional 260,838 shares during the period. 77.63% of the stock is owned by institutional investors and hedge funds.
The Travelers Companies announced that its Board of Directors has initiated a share buyback plan on Monday, September 11th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Friday, December 8th. The Travelers Companies’s payout ratio is 33.45%.
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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