Travelers Companies (NYSE:TRV) Issues Earnings Results, Misses Estimates By $0.06 EPS

Travelers Companies (NYSE:TRV) released its quarterly earnings results on Wednesday. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06), RTT News reports. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter in the previous year, the business posted $4.11 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year.

Travelers Companies Stock Performance

Travelers Companies stock traded up $2.89 during midday trading on Friday, reaching $213.31. The stock had a trading volume of 366,041 shares, compared to its average volume of 1,485,551. Travelers Companies has a 12 month low of $157.33 and a 12 month high of $232.75. The firm’s 50-day moving average price is $221.80 and its 200 day moving average price is $196.27. The firm has a market capitalization of $48.88 billion, a PE ratio of 15.73, a P/E/G ratio of 1.08 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a $1.05 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies’s payout ratio is currently 29.72%.

Analyst Ratings Changes

TRV has been the subject of several analyst reports. Piper Sandler restated a “neutral” rating and set a $213.00 price target on shares of Travelers Companies in a report on Monday, April 1st. TD Cowen initiated coverage on shares of Travelers Companies in a report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price target for the company. Evercore ISI lowered their price target on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday. Jefferies Financial Group reduced their price objective on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research report on Friday. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $220.78.

Insider Activity at Travelers Companies

In related news, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the sale, the senior vice president now directly owns 719 shares in the company, valued at approximately $153,046.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Paul E. Munson sold 2,121 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total value of $451,476.06. Following the sale, the senior vice president now owns 719 shares in the company, valued at $153,046.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,775 shares of company stock worth $23,343,903. Company insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Travelers Companies during the fourth quarter valued at about $33,000. SageView Advisory Group LLC purchased a new position in shares of Travelers Companies during the fourth quarter worth about $455,000. Sanibel Captiva Trust Company Inc. purchased a new position in shares of Travelers Companies during the fourth quarter worth about $332,000. Childress Capital Advisors LLC purchased a new position in shares of Travelers Companies during the fourth quarter worth about $228,000. Finally, Harbour Investments Inc. grew its holdings in shares of Travelers Companies by 14.9% during the fourth quarter. Harbour Investments Inc. now owns 925 shares of the insurance provider’s stock worth $176,000 after purchasing an additional 120 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.