Travelers Companies (NYSE:TRV) Announces Earnings Results

Travelers Companies (NYSE:TRVGet Rating) released its quarterly earnings results on Tuesday. The insurance provider reported $3.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.40, Yahoo Finance reports. Travelers Companies had a net margin of 9.26% and a return on equity of 14.31%. The company had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.78 billion. During the same period in the prior year, the company earned $5.20 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year.

Travelers Companies Stock Performance

NYSE TRV opened at $186.36 on Tuesday. The firm has a market cap of $43.67 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 2.30 and a beta of 0.65. The company has a 50 day moving average of $187.44 and a 200-day moving average of $173.38. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.37. Travelers Companies has a 1-year low of $149.65 and a 1-year high of $194.45.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.00%. Travelers Companies’s payout ratio is 27.19%.

Wall Street Analyst Weigh In

TRV has been the subject of a number of research analyst reports. Piper Sandler upped their price objective on shares of Travelers Companies from $182.00 to $190.00 in a research report on Tuesday, January 10th. Morgan Stanley upped their price objective on shares of Travelers Companies from $175.00 to $190.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 22nd. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th. MKM Partners increased their price target on shares of Travelers Companies from $185.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 1st. Finally, Citigroup increased their price target on shares of Travelers Companies from $179.00 to $181.00 and gave the stock a “neutral” rating in a research report on Thursday, October 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $186.53.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 14,000 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $183.61, for a total transaction of $2,570,540.00. Following the sale, the insider now directly owns 251,605 shares of the company’s stock, valued at $46,197,194.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Vice Chairman William H. Heyman sold 14,000 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $183.61, for a total transaction of $2,570,540.00. Following the sale, the insider now directly owns 251,605 shares of the company’s stock, valued at $46,197,194.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $185.50, for a total transaction of $185,500.00. Following the sale, the insider now directly owns 251,605 shares in the company, valued at $46,672,727.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,969 shares of company stock valued at $11,503,468. Corporate insiders own 1.07% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC boosted its stake in Travelers Companies by 1.9% in the first quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock valued at $562,000 after acquiring an additional 58 shares during the last quarter. Atlas Capital Advisors LLC boosted its stake in Travelers Companies by 34.2% in the second quarter. Atlas Capital Advisors LLC now owns 349 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 89 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Travelers Companies by 1.0% in the first quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock valued at $2,210,000 after acquiring an additional 115 shares during the last quarter. Captrust Financial Advisors boosted its stake in Travelers Companies by 0.4% in the first quarter. Captrust Financial Advisors now owns 38,727 shares of the insurance provider’s stock valued at $7,077,000 after acquiring an additional 150 shares during the last quarter. Finally, Advisors Capital Management LLC boosted its stake in Travelers Companies by 14.5% in the third quarter. Advisors Capital Management LLC now owns 1,409 shares of the insurance provider’s stock valued at $257,000 after acquiring an additional 178 shares during the last quarter. 81.59% of the stock is owned by institutional investors.

Travelers Companies Company Profile

(Get Rating)

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.

See Also

Earnings History for Travelers Companies (NYSE:TRV)

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