Wall Street brokerages expect The Travelers Companies (NYSE:TRV) to post $7.24 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for The Travelers Companies’ earnings, with the lowest sales estimate coming in at $7.16 billion and the highest estimate coming in at $7.34 billion. The Travelers Companies reported sales of $6.94 billion during the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The firm is expected to report its next earnings results before the market opens on Tuesday, April 24th.
According to Zacks, analysts expect that The Travelers Companies will report full year sales of $29.35 billion for the current fiscal year, with estimates ranging from $29.08 billion to $29.70 billion. For the next year, analysts expect that the company will post sales of $30.49 billion per share, with estimates ranging from $30.23 billion to $30.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover The Travelers Companies.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.56 by ($0.28). The Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The business had revenue of $7.45 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the prior year, the firm posted $3.20 earnings per share. The Travelers Companies’s revenue for the quarter was up 3.6% compared to the same quarter last year.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Thursday, April 12th. Wells Fargo set a $142.00 price objective on The Travelers Companies and gave the company a “hold” rating in a research report on Monday, April 2nd. Citigroup boosted their price objective on The Travelers Companies from $156.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, March 27th. Barclays reaffirmed a “hold” rating and set a $140.00 price target (up previously from $135.00) on shares of The Travelers Companies in a research report on Sunday, February 18th. Finally, Atlantic Securities raised The Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price target for the company in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $138.07.
Shares of TRV traded down $0.27 on Friday, hitting $137.28. The company’s stock had a trading volume of 659,525 shares, compared to its average volume of 1,859,550. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.39 and a current ratio of 0.39. The Travelers Companies has a fifty-two week low of $113.76 and a fifty-two week high of $150.55. The firm has a market capitalization of $36,992.92, a PE ratio of 19.03, a P/E/G ratio of 1.72 and a beta of 1.25.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 9th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Thursday, March 8th. The Travelers Companies’s payout ratio is presently 39.56%.
In other news, COO Brian W. Maclean sold 88,607 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $149.29, for a total value of $13,228,139.03. Following the completion of the sale, the chief operating officer now owns 211,293 shares of the company’s stock, valued at approximately $31,543,931.97. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas M. Kunkel sold 9,595 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $150.09, for a total value of $1,440,113.55. Following the completion of the sale, the executive vice president now directly owns 28,956 shares of the company’s stock, valued at approximately $4,346,006.04. The disclosure for this sale can be found here. In the last three months, insiders sold 204,912 shares of company stock valued at $29,890,095. 0.80% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in shares of The Travelers Companies in the 3rd quarter valued at approximately $8,254,000. Abner Herrman & Brock LLC boosted its holdings in shares of The Travelers Companies by 6.5% in the 4th quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock valued at $8,529,000 after buying an additional 3,853 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of The Travelers Companies by 138.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,091 shares of the insurance provider’s stock valued at $284,000 after buying an additional 1,213 shares during the last quarter. Eaton Vance Management boosted its holdings in shares of The Travelers Companies by 2.2% in the 4th quarter. Eaton Vance Management now owns 232,379 shares of the insurance provider’s stock valued at $31,520,000 after buying an additional 4,903 shares during the last quarter. Finally, First Business Financial Services Inc. boosted its holdings in shares of The Travelers Companies by 16.9% in the 4th quarter. First Business Financial Services Inc. now owns 5,684 shares of the insurance provider’s stock valued at $771,000 after buying an additional 822 shares during the last quarter. 80.12% of the stock is owned by institutional investors.
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About The 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.
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