Travelers Companies (NYSE:TRV) Issues Earnings Results

Travelers Companies (NYSE:TRV) released its earnings results 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 firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.11 EPS.

Travelers Companies Stock Performance

Shares of TRV opened at $210.46 on Friday. The company has a market cap of $48.22 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $221.80 and a 200-day moving average price of $196.27. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $232.75.

Travelers Companies Increases Dividend

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

Insider Activity

In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies 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 completion of the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies 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 completion of the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 26,633 shares of the business’s 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 completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,775 shares of company stock worth $23,343,903. 1.33% of the stock is currently owned by insiders.

Institutional Trading of Travelers Companies

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

Wall Street Analyst Weigh In

Several analysts have recently commented on TRV shares. The Goldman Sachs Group raised their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley raised their target price on Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday. TD Cowen began coverage on Travelers Companies in a research report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 target price for the company. Finally, Keefe, Bruyette & Woods decreased their target price on 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.