Travelers Companies (NYSE:TRV) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Travelers Companies (NYSE:TRV) posted its quarterly earnings data on Wednesday. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 13.94% and a net margin of 7.32%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.11 earnings per share.

Travelers Companies Stock Up 1.7 %

NYSE:TRV opened at $213.99 on Friday. The firm has a 50-day simple moving average of $221.79 and a two-hundred day simple moving average of $196.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $49.00 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.10 and a beta of 0.58. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75.

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. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

Insider Activity

In other news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total value of $5,666,437.08. Following the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock valued at $23,343,903 in the last 90 days. 1.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently made changes to their positions in TRV. FWL Investment Management LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth approximately $28,000. Quarry LP purchased a new position in shares of Travelers Companies in the first quarter worth approximately $31,000. AM Squared Ltd purchased a new position in shares of Travelers Companies in the first quarter worth approximately $34,000. Tyler Stone Wealth Management purchased a new position in Travelers Companies during the second quarter valued at approximately $46,000. Finally, Altshuler Shaham Ltd purchased a new position in Travelers Companies during the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TRV. Royal Bank of Canada dropped their price objective on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. The Goldman Sachs Group raised their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research report on Friday, April 12th. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Finally, Morgan Stanley raised their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $220.78.

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.