Travelers Companies (NYSE:TRV) Announces Earnings Results

Travelers Companies (NYSE:TRV) issued its earnings results on Wednesday. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38, RTT News reports. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same period last year, the business posted $4.69 earnings per share.

Travelers Companies Stock Performance

NYSE:TRV opened at $249.52 on Wednesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $251.72 and a 200-day moving average of $249.04. Travelers Companies has a twelve month low of $200.21 and a twelve month high of $269.56. The firm has a market cap of $56.57 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TRV shares. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. Jefferies Financial Group raised their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. raised their target price on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $263.37.

Institutional Trading of Travelers Companies

A hedge fund recently bought a new stake in Travelers Companies stock. Revolve Wealth Partners LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,146 shares of the insurance provider’s stock, valued at approximately $276,000. Institutional investors own 82.45% of the company’s stock.

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.