The Travelers Cos. (TRV) Set to Announce Quarterly Earnings on Thursday
The Travelers Cos. (NYSE:TRV) is scheduled to be announcing its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $2.27 per share and revenue of $6.36 billion for the quarter.
The Travelers Cos. (NYSE:TRV) opened at 115.18 on Wednesday. The stock has a 50 day moving average price of $115.35 and a 200-day moving average price of $115.00. The firm has a market capitalization of $33.20 billion, a price-to-earnings ratio of 11.09 and a beta of 1.14. The Travelers Cos. has a one year low of $101.23 and a one year high of $119.32.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.68 annualized dividend and a yield of 2.33%. The Travelers Cos.’s dividend payout ratio (DPR) is 25.92%.
Several research analysts have issued reports on the stock. Citigroup Inc. lifted their price target on shares of The Travelers Cos. from $117.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 11th. Barclays PLC reiterated an “equal weight” rating and set a $109.00 price objective (up from $105.00) on shares of The Travelers Cos. in a research report on Saturday, October 1st. Credit Suisse Group AG set a $111.00 price objective on shares of The Travelers Cos. and gave the stock a “hold” rating in a research report on Monday, September 12th. Zacks Investment Research upgraded shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $125.00 price objective (up from $120.00) on shares of The Travelers Cos. in a research report on Sunday, July 24th. 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. has a consensus rating of “Hold” and a consensus price target of $117.00.
In other news, SVP Douglas K. Russell sold 2,698 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $117.17, for a total value of $316,124.66. Following the transaction, the senior vice president now owns 19,727 shares in the company, valued at approximately $2,311,412.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $117.88, for a total transaction of $471,520.00. Following the completion of the transaction, the insider now owns 236,254 shares in the company, valued at approximately $27,849,621.52. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mycio Wealth Partners LLC increased its position in shares of The Travelers Cos. by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,062 shares of the company’s stock worth $126,000 after buying an additional 25 shares during the period. Krilogy Financial LLC increased its position in shares of The Travelers Cos. by 3.8% in the second quarter. Krilogy Financial LLC now owns 1,128 shares of the company’s stock worth $134,000 after buying an additional 41 shares during the period. Valley National Advisers Inc. increased its position in shares of The Travelers Cos. by 53.4% in the second quarter. Valley National Advisers Inc. now owns 1,227 shares of the company’s stock worth $146,000 after buying an additional 427 shares during the period. 1832 Asset Management L.P. purchased a new position in shares of The Travelers Cos. during the second quarter worth about $178,000. Finally, Mariner Wealth Advisors LLC purchased a new position in shares of The Travelers Cos. during the second quarter worth about $203,000. Hedge funds and other institutional investors own 80.23% 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.
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