Travelers Companies (TRV) to Release Earnings on Wednesday

Travelers Companies (NYSE:TRV) will likely be issuing its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $6.50 per share and revenue of $10,795,375.00 billion for the quarter.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the prior year, the business posted $1.95 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts expect Travelers Companies to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Travelers Companies Stock Up 1.4 %

Travelers Companies stock traded up $3.21 during trading on Wednesday, hitting $240.14. 1,481,117 shares of the company were exchanged, compared to its average volume of 1,404,469. The company has a market capitalization of $54.52 billion, a P/E ratio of 12.31, a PEG ratio of 1.17 and a beta of 0.65. The business’s 50 day moving average is $250.38 and its 200 day moving average is $235.40. Travelers Companies has a 52 week low of $194.54 and a 52 week high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a $1.05 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.75%. Travelers Companies’s payout ratio is 21.54%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. UBS Group increased their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods decreased their target price on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $254.65.

Insiders Place Their Bets

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 over the last 90 days. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Company Profile

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.