Travelers Companies (NYSE:TRV) Posts Earnings Results, Misses Expectations By $0.06 EPS

Travelers Companies (NYSE:TRV) issued its quarterly earnings data on Wednesday. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06), RTT News reports. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.11 earnings per share.

Travelers Companies Stock Up 1.9 %

Travelers Companies stock opened at $210.46 on Friday. The firm has a market cap of $48.22 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The business’s 50-day moving average price is $221.80 and its 200 day moving average price is $196.27. 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 business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.00%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the sale, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock valued at $23,343,903 over the last ninety days. Company insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Several institutional investors have recently bought and sold shares of TRV. FWL Investment Management LLC acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $28,000. Quarry LP purchased a new stake in shares of Travelers Companies during the first quarter worth approximately $31,000. AM Squared Ltd purchased a new stake in shares of Travelers Companies during the first quarter worth approximately $34,000. Tyler Stone Wealth Management purchased a new stake in shares of Travelers Companies during the second quarter worth approximately $46,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Travelers Companies during the fourth quarter worth approximately $46,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRV has been the subject of a number of research analyst reports. TD Cowen initiated coverage on Travelers Companies in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 price target for the company. Roth Mkm reiterated a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a research note on Thursday. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup increased their price target on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Raymond James increased their price target on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $218.39.

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.