Travelers Companies (NYSE:TRV) Issues Quarterly Earnings Results, Beats Expectations By $2.79 EPS

Travelers Companies (NYSE:TRV) released its quarterly earnings data on Wednesday. The insurance provider reported $11.13 EPS for the quarter, beating the consensus estimate of $8.34 by $2.79, FiscalAI reports. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion.

Travelers Companies Trading Up 0.1%

NYSE TRV opened at $269.81 on Wednesday. The company has a market capitalization of $60.18 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 2.57 and a beta of 0.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. Travelers Companies has a 12 month low of $230.43 and a 12 month high of $296.85. The company’s fifty day moving average price is $285.82 and its two-hundred day moving average price is $275.51.

Insider Activity at Travelers Companies

In other news, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at approximately $7,493,829. This trade represents a 48.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of Travelers Companies stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,295 shares of company stock worth $13,011,918 over the last quarter. Company insiders own 1.46% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently made changes to their positions in the company. Woodline Partners LP acquired a new position in shares of Travelers Companies during the 3rd quarter worth $99,680,000. AQR Capital Management LLC boosted its holdings in Travelers Companies by 22.8% in the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after purchasing an additional 331,170 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its position in Travelers Companies by 258.5% during the second quarter. Adage Capital Partners GP L.L.C. now owns 372,513 shares of the insurance provider’s stock worth $99,662,000 after buying an additional 268,600 shares during the last quarter. Samlyn Capital LLC bought a new position in Travelers Companies during the third quarter valued at about $50,793,000. Finally, Corient Private Wealth LLC raised its holdings in Travelers Companies by 107.7% during the second quarter. Corient Private Wealth LLC now owns 290,633 shares of the insurance provider’s stock valued at $77,756,000 after buying an additional 150,682 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on TRV. Morgan Stanley raised their target price on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, January 7th. UBS Group boosted their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Weiss Ratings raised shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 12th. Finally, Wells Fargo & Company upped their price objective on shares of Travelers Companies from $294.00 to $307.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $299.69.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.