Analysts Issue Forecasts for The Travelers Cos.’s FY2018 Earnings (TRV)
The Travelers Cos. (NYSE:TRV) – Research analysts at William Blair issued their FY2018 earnings per share estimates for The Travelers Cos. in a research report issued on Wednesday. William Blair analyst A. Klauber anticipates that the firm will post earnings of $9.19 per share for the year. William Blair currently has a “Underperform” rating on the stock.
TRV has been the topic of a number of other reports. Citigroup Inc. lifted their price objective on The Travelers Cos. from $117.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 11th. Credit Suisse Group AG set a $111.00 price objective on The Travelers Cos. and gave the stock a “hold” rating in a research report on Monday, September 12th. Barclays PLC reiterated an “equal weight” rating and issued a $109.00 price objective (up from $105.00) on shares of The Travelers Cos. in a research report on Saturday, October 1st. RBC Capital Markets reiterated an “outperform” rating and issued a $125.00 price objective (up from $120.00) on shares of The Travelers Cos. in a research report on Sunday, July 24th. Finally, Zacks Investment Research upgraded The Travelers Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The Travelers Cos. currently has an average rating of “Hold” and an average target price of $117.64.
The Travelers Cos. (NYSE:TRV) opened at 111.82 on Monday. The Travelers Cos. has a 52 week low of $101.23 and a 52 week high of $119.32. The firm has a 50-day moving average price of $110.86 and a 200-day moving average price of $114.26. The company has a market cap of $31.76 billion, a P/E ratio of 11.34 and a beta of 1.03.
The Travelers Cos. (NYSE:TRV) last released its quarterly earnings results on Thursday, October 20th. The company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.13. The business earned $6.96 billion during the quarter, compared to analyst estimates of $6.37 billion. The Travelers Cos. had a return on equity of 12.11% and a net margin of 10.84%. The Travelers Cos.’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.93 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Wednesday, December 7th. The Travelers Cos.’s payout ratio is 27.29%.
In other The Travelers Cos. news, Director Philip T. Ruegger III purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was purchased at an average price of $107.19 per share, for a total transaction of $214,380.00. Following the completion of the purchase, the director now directly owns 22,443 shares of the company’s stock, valued at $2,405,665.17. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $505,189.08. Following the completion of the transaction, the insider now owns 231,500 shares of the company’s stock, valued at approximately $27,543,870. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. 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 valued at $18,333,000 after buying an additional 7,464 shares in the last quarter. Ngam Advisors L.P. boosted its stake in The Travelers Cos. by 0.3% in the second quarter. Ngam Advisors L.P. now owns 208,728 shares of the company’s stock worth $24,847,000 after buying an additional 593 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake 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 period. Clean Yield Group boosted its stake 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 period. Finally, James Investment Research Inc. boosted its stake 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 period. Hedge funds and other institutional investors own 80.09% 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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