The Travelers Cos. (NYSE:TRV) – Research analysts at William Blair lowered their Q3 2016 EPS estimates for shares of The Travelers Cos. in a report released on Friday. William Blair analyst A. Klauber now expects that the firm will post earnings of $2.46 per share for the quarter, down from their prior forecast of $2.53. William Blair also issued estimates for The Travelers Cos.’s FY2016 earnings at $9.66 EPS.

The Travelers Cos. (NYSE:TRV) last released its quarterly earnings data on Thursday, July 21st. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.05. The firm earned $6.79 billion during the quarter, compared to analyst estimates of $6.37 billion. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.52 earnings per share.

Earnings History and Estimates for The Travelers Cos. (NYSE:TRV)

A number of other research firms have also recently commented on TRV. Zacks Investment Research raised The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Bank of America Corp. raised The Travelers Cos. from a “neutral” rating to a “buy” rating and set a $127.00 price target on the stock in a report on Tuesday, June 28th. They noted that the move was a valuation call. Credit Suisse Group AG reissued a “hold” rating and issued a $111.00 price target on shares of The Travelers Cos. in a report on Tuesday, August 23rd. Citigroup Inc. reissued a “neutral” rating on shares of The Travelers Cos. in a report on Tuesday, June 21st. Finally, Barclays PLC reissued an “equal weight” rating and issued a $109.00 price target (up from $105.00) on shares of The Travelers Cos. in a report on Saturday, October 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The Travelers Cos. presently has a consensus rating of “Hold” and a consensus target price of $117.00.

Shares of The Travelers Cos. (NYSE:TRV) opened at 115.08 on Monday. The Travelers Cos. has a 1-year low of $101.23 and a 1-year high of $119.32. The stock’s 50 day moving average price is $115.51 and its 200-day moving average price is $115.06. The stock has a market cap of $33.18 billion, a price-to-earnings ratio of 11.08 and a beta of 1.14.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Wednesday, September 7th. The Travelers Cos.’s dividend payout ratio is currently 25.92%.

In related news, Vice Chairman William H. Heyman sold 4,246 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $118.98, for a total transaction of $505,189.08. Following the completion of the transaction, the insider now owns 231,500 shares in the company, valued at approximately $27,543,870. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Philip T. Ruegger III acquired 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were acquired at an average price of $117.95 per share, with a total value of $200,515.00. Following the acquisition, the director now owns 20,126 shares in the company, valued at $2,373,861.70. The disclosure for this purchase can be found here. Insiders own 1.34% of the company’s stock.

A number of institutional investors have recently bought and sold shares of TRV. Nisa Investment Advisors LLC boosted its position in The Travelers Cos. by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 154,010 shares of the company’s stock worth $18,333,000 after buying an additional 7,464 shares during the last quarter. James Investment Research Inc. boosted its position in The Travelers Cos. by 2.9% in the second quarter. James Investment Research Inc. now owns 839,004 shares of the company’s stock worth $99,875,000 after buying an additional 23,369 shares during the last quarter. Clean Yield Group boosted its position in The Travelers Cos. by 5.1% in the second quarter. Clean Yield Group now owns 1,535 shares of the company’s stock worth $183,000 after buying an additional 75 shares during the last quarter. Legacy Private Trust Co. boosted its position in The Travelers Cos. by 4.6% in the second quarter. Legacy Private Trust Co. now owns 60,095 shares of the company’s stock worth $7,154,000 after buying an additional 2,616 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in The Travelers Cos. by 0.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 812,015 shares of the company’s stock worth $96,664,000 after buying an additional 2,267 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.

About The Travelers Cos.

The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.

5 Day Chart for NYSE:TRV

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