Q3 2024 EPS Estimates for The Travelers Companies, Inc. Boosted by Analyst (NYSE:TRV)

The Travelers Companies, Inc. (NYSE:TRV) – Roth Capital boosted their Q3 2024 earnings per share estimates for Travelers Companies in a report issued on Thursday, April 18th. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings of $4.75 per share for the quarter, up from their prior forecast of $4.49. The consensus estimate for Travelers Companies’ current full-year earnings is $17.62 per share. Roth Capital also issued estimates for Travelers Companies’ Q4 2024 earnings at $6.37 EPS, FY2024 earnings at $18.90 EPS, Q2 2025 earnings at $3.78 EPS, Q3 2025 earnings at $5.27 EPS and Q4 2025 earnings at $6.92 EPS.

A number of other equities research analysts also recently commented on the company. Royal Bank of Canada lowered their price objective on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research report on Thursday. HSBC lifted their price objective on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research report on Thursday, April 4th. Piper Sandler reaffirmed a “neutral” rating and issued a $213.00 price objective on shares of Travelers Companies in a research report on Monday, April 1st. Keefe, Bruyette & Woods lowered their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday. Finally, Roth Mkm reissued a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price of $218.39.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $210.46 on Friday. The company has a market cap of $48.22 billion, a P/E ratio of 15.64, 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 has a 52 week low of $157.33 and a 52 week high of $232.75. The business has a fifty day simple moving average of $221.80 and a 200-day simple moving average of $196.27.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.11 EPS.

Hedge Funds Weigh In On Travelers Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fairfield Bush & CO. bought a new position in Travelers Companies during the 1st quarter valued at $160,000. Cibc World Market Inc. lifted its holdings in shares of Travelers Companies by 28.8% in the first quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock valued at $1,084,000 after purchasing an additional 1,327 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Travelers Companies by 1.0% in the first quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock valued at $2,210,000 after purchasing an additional 115 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Travelers Companies by 40.6% in the first quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock valued at $9,420,000 after purchasing an additional 14,873 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Travelers Companies by 5.0% in the first quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock valued at $4,952,000 after purchasing an additional 1,286 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, SVP Paul E. Munson sold 2,121 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Paul E. Munson sold 2,121 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 26,633 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the sale, the insider now owns 255,178 shares in the company, valued at $54,291,671.28. The disclosure for this sale can be found here. Insiders have sold 109,775 shares of company stock worth $23,343,903 over the last quarter. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 annualized dividend and a yield of 2.00%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is presently 29.72%.

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.