$7.04 Billion in Sales Expected for The Travelers Companies, Inc. (TRV) This Quarter
Wall Street analysts forecast that The Travelers Companies, Inc. (NYSE:TRV) will post $7.04 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for The Travelers Companies’ earnings, with the lowest sales estimate coming in at $6.87 billion and the highest estimate coming in at $7.15 billion. The Travelers Companies reported sales of $6.94 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.4%. The business is expected to report its next earnings report on Thursday, October 19th.
According to Zacks, analysts expect that The Travelers Companies will report full-year sales of $7.04 billion for the current financial year, with estimates ranging from $27.28 billion to $28.36 billion. For the next financial year, analysts expect that the business will post sales of $28.92 billion per share, with estimates ranging from $28.18 billion to $29.58 billion. Zacks’ sales averages are an average based on a survey of analysts that follow The Travelers Companies.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the previous year, the company posted $2.20 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year.
Several analysts have recently weighed in on TRV shares. Argus upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Monday, April 24th. Royal Bank Of Canada restated a “buy” rating and set a $126.00 price objective on shares of The Travelers Companies in a research report on Monday, May 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $115.00 price objective on shares of The Travelers Companies in a research report on Thursday, May 25th. BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Bank of America Corporation downgraded shares of The Travelers Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The Travelers Companies has a consensus rating of “Hold” and an average price target of $123.79.
In other The Travelers Companies news, SVP Douglas K. Russell sold 9,686 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.00, for a total value of $1,191,378.00. Following the transaction, the senior vice president now directly owns 29,267 shares of the company’s stock, valued at approximately $3,599,841. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Olivo sold 8,186 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $124.84, for a total transaction of $1,021,940.24. Following the completion of the transaction, the executive vice president now directly owns 88,697 shares in the company, valued at $11,072,933.48. The disclosure for this sale can be found here. Insiders sold a total of 163,894 shares of company stock worth $20,759,812 over the last three months. 0.82% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Balasa Dinverno & Foltz LLC boosted its position in The Travelers Companies by 0.3% in the first quarter. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider’s stock worth $416,000 after buying an additional 9 shares during the period. Tradewinds Capital Management LLC boosted its position in The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after buying an additional 10 shares during the period. Community Bank N.A. boosted its position in The Travelers Companies by 0.7% in the second quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock worth $181,000 after buying an additional 10 shares during the period. American Economic Planning Group Inc. ADV boosted its position in The Travelers Companies by 0.6% in the first quarter. American Economic Planning Group Inc. ADV now owns 2,529 shares of the insurance provider’s stock worth $305,000 after buying an additional 15 shares during the period. Finally, Dubuque Bank & Trust Co. boosted its position in The Travelers Companies by 0.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,970 shares of the insurance provider’s stock worth $479,000 after buying an additional 23 shares during the period. 79.01% of the stock is currently owned by institutional investors and hedge funds.
The Travelers Companies (TRV) opened at 129.69 on Monday. The firm has a market cap of $35.79 billion, a price-to-earnings ratio of 12.91 and a beta of 1.20. The Travelers Companies has a 52 week low of $103.45 and a 52 week high of $130.00. The firm’s 50-day moving average is $126.93 and its 200-day moving average is $122.59.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 annualized dividend and a yield of 2.22%. The Travelers Companies’s dividend payout ratio is currently 28.77%.
The Travelers Companies declared that its Board of Directors has initiated a stock repurchase plan on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
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The Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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