Q4 2016 EPS Estimates for The Travelers Cos. Raised by Analyst (TRV)
The Travelers Cos. (NYSE:TRV) – Langen Mcalenn boosted their Q4 2016 earnings per share (EPS) estimates for The Travelers Cos. in a report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now forecasts that the brokerage will post earnings of $2.88 per share for the quarter, up from their prior estimate of $2.59.
Other equities research analysts have also issued research reports about the company. Barclays PLC restated an “equal weight” rating and issued a $109.00 price objective (up previously 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 target price on The Travelers Cos. and gave the company a “hold” rating in a research report on Monday, September 12th. Zacks Investment Research upgraded The Travelers Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Citigroup Inc. increased their target price on The Travelers Cos. from $117.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, October 11th. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $125.00 target price (up previously from $120.00) on shares of The Travelers Cos. in a research report on Sunday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $117.64.
The Travelers Cos. (NYSE:TRV) opened at 109.62 on Wednesday. The company has a market cap of $31.14 billion, a PE ratio of 11.12 and a beta of 1.03. The Travelers Cos. has a 52-week low of $101.23 and a 52-week high of $119.32. The firm’s 50-day moving average is $111.46 and its 200-day moving average is $114.18.
The Travelers Cos. (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 20th. The company reported $2.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.13. The Travelers Cos. had a net margin of 10.84% and a return on equity of 12.11%. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter in the previous year, the business posted $2.93 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in TRV. Global X Management Co. LLC increased its position in The Travelers Cos. by 86.8% in the second quarter. Global X Management Co. LLC now owns 977 shares of the company’s stock valued at $116,000 after buying an additional 454 shares in the last quarter. New York Life Trust Co. increased its position in The Travelers Cos. by 2.5% in the third quarter. New York Life Trust Co. now owns 1,083 shares of the company’s stock valued at $124,000 after buying an additional 26 shares in the last quarter. Mycio Wealth Partners LLC increased its position in The Travelers Cos. by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,062 shares of the company’s stock valued at $126,000 after buying an additional 25 shares in the last quarter. Ledyard National Bank increased its position in The Travelers Cos. by 5.4% in the second quarter. Ledyard National Bank now owns 1,089 shares of the company’s stock valued at $130,000 after buying an additional 56 shares in the last quarter. Finally, American National Bank increased its position in The Travelers Cos. by 51.2% in the third quarter. American National Bank now owns 1,157 shares of the company’s stock valued at $133,000 after buying an additional 392 shares in the last quarter. 79.87% of the stock is owned by institutional investors.
In other news, Director Philip T. Ruegger III bought 2,000 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was bought at an average cost of $107.19 per share, with a total value of $214,380.00. Following the transaction, the director now directly owns 22,443 shares in the company, valued at approximately $2,405,665.17. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 4,246 shares of The Travelers Cos. stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $118.98, for a total value of $505,189.08. Following the completion of the transaction, the insider now directly owns 231,500 shares of the company’s stock, valued at $27,543,870. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Wednesday, December 7th. The Travelers Cos.’s payout ratio is 27.29%.
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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