Travelers Companies Inc (TRV) Forecasted to Post Q4 2017 Earnings of $2.62 Per Share
Travelers Companies Inc (NYSE:TRV) – Analysts at B. Riley issued their Q4 2017 earnings estimates for Travelers Companies in a report issued on Monday. B. Riley analyst R. Binner forecasts that the insurance provider will post earnings per share of $2.62 for the quarter. B. Riley has a “Neutral” rating on the stock.
Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. ValuEngine raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Credit Suisse Group decreased their target price on shares of Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 12th. Citigroup lifted their target price on shares of Travelers Companies from $143.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, UBS lifted their target price on shares of Travelers Companies from $131.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Travelers Companies currently has a consensus rating of “Hold” and an average price target of $131.71.
Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the consensus estimate of $2.10 by ($1.19). Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The firm had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the previous year, the firm earned $2.40 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the company. Fieldpoint Private Securities LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $106,000. Valeo Financial Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $108,000. Tradewinds Capital Management LLC boosted its holdings in shares of Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after buying an additional 10 shares in the last quarter. Intellectus Partners LLC boosted its holdings in shares of Travelers Companies by 4.6% during the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after buying an additional 41 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Travelers Companies by 3.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 78.52% of the company’s stock.
In other news, EVP Maria Olivo sold 33,225 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total transaction of $4,458,130.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 20,077 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the sale, the executive vice president now owns 21,619 shares in the company, valued at approximately $2,825,170.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,302 shares of company stock worth $7,347,753. 0.82% of the stock is currently owned by company insiders.
Travelers Companies announced that its Board of Directors has approved a share buyback plan on Monday, September 11th that allows the company to buyback outstanding shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, December 8th. Travelers Companies’s dividend payout ratio (DPR) is currently 33.45%.
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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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