Travelers Companies (NYSE:TRV) Releases Earnings Results, Beats Expectations By $1.45 EPS

Travelers Companies (NYSE:TRV) announced its quarterly earnings results on Thursday. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45, Briefing.com reports. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.95 earnings per share.

Travelers Companies Stock Up 0.2 %

Shares of NYSE:TRV opened at $265.45 on Friday. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $269.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $60.50 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The firm has a 50 day simple moving average of $231.88 and a 200 day simple moving average of $219.59.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.58%. Travelers Companies’s dividend payout ratio is currently 26.55%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

A number of hedge funds have recently made changes to their positions in TRV. JPMorgan Chase & Co. increased its stake in Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after buying an additional 3,158,979 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Travelers Companies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after acquiring an additional 165,708 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Travelers Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after acquiring an additional 37,029 shares during the last quarter. Boston Partners raised its holdings in shares of Travelers Companies by 16.4% during the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after acquiring an additional 196,011 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Travelers Companies by 8.0% during the second quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock valued at $233,769,000 after purchasing an additional 85,619 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TRV. Barclays started coverage on Travelers Companies in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Travelers Companies from $206.00 to $207.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Royal Bank of Canada upped their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, TD Cowen lowered Travelers Companies from a “buy” rating to a “hold” rating and decreased their price target for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $235.42.

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.