$2.46 Earnings Per Share Expected for Travelers Companies Inc (TRV) This Quarter

Brokerages expect Travelers Companies Inc (NYSE:TRV) to report earnings per share (EPS) of $2.46 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Travelers Companies’ earnings, with the lowest EPS estimate coming in at $2.23 and the highest estimate coming in at $2.88. Travelers Companies reported earnings of $1.81 per share in the same quarter last year, which would indicate a positive year over year growth rate of 35.9%. The company is expected to issue its next quarterly earnings report on Thursday, July 18th.

According to Zacks, analysts expect that Travelers Companies will report full year earnings of $11.11 per share for the current fiscal year, with EPS estimates ranging from $10.34 to $11.75. For the next year, analysts forecast that the business will report earnings of $11.81 per share, with EPS estimates ranging from $11.10 to $12.70. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Travelers Companies.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.07. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. The firm had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.94 billion. During the same quarter last year, the firm posted $2.46 EPS. The company’s revenue was up 4.9% compared to the same quarter last year.

Several analysts have weighed in on the company. Keefe, Bruyette & Woods cut Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 price target on the stock. in a report on Wednesday. Barclays raised their price target on Travelers Companies from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Morgan Stanley raised their price target on Travelers Companies from $119.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, April 30th. Royal Bank of Canada set a $145.00 price target on Travelers Companies and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, MKM Partners raised their price target on Travelers Companies to $140.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. Travelers Companies presently has an average rating of “Hold” and an average target price of $142.31.

NYSE:TRV opened at $149.00 on Friday. Travelers Companies has a twelve month low of $111.08 and a twelve month high of $149.86. The stock has a market capitalization of $38.64 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.20%. This is a boost from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date is Friday, June 7th. Travelers Companies’s dividend payout ratio (DPR) is currently 34.45%.

In related news, EVP Andy F. Bessette sold 16,550 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $142.46, for a total transaction of $2,357,713.00. Following the transaction, the executive vice president now directly owns 9,609 shares of the company’s stock, valued at approximately $1,368,898.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Jay S. Benet sold 60,979 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $137.46, for a total value of $8,382,173.34. Following the transaction, the insider now directly owns 146,845 shares in the company, valued at $20,185,313.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 211,860 shares of company stock worth $30,020,402. 0.73% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Travelers Companies by 7.3% in the 1st quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock worth $3,100,401,000 after purchasing an additional 1,528,327 shares during the period. Vanguard Group Inc increased its stake in Travelers Companies by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock worth $2,863,326,000 after purchasing an additional 65,931 shares during the period. FMR LLC increased its stake in Travelers Companies by 9.4% in the 1st quarter. FMR LLC now owns 10,500,482 shares of the insurance provider’s stock worth $1,440,247,000 after purchasing an additional 904,028 shares during the period. Bank of America Corp DE increased its stake in Travelers Companies by 4.5% in the 4th quarter. Bank of America Corp DE now owns 3,717,965 shares of the insurance provider’s stock worth $445,226,000 after purchasing an additional 159,502 shares during the period. Finally, Northern Trust Corp grew its position in shares of Travelers Companies by 1.7% in the 4th quarter. Northern Trust Corp now owns 3,566,973 shares of the insurance provider’s stock worth $427,144,000 after buying an additional 60,000 shares during the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for Travelers Companies (NYSE:TRV)

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