Travelers Companies Inc to Post FY2020 Earnings of $12.00 Per Share, B. Riley Forecasts (TRV)
Travelers Companies Inc (NYSE:TRV) – Equities researchers at B. Riley issued their FY2020 EPS estimates for shares of Travelers Companies in a research note issued on Tuesday, August 7th. B. Riley analyst R. Binner forecasts that the insurance provider will post earnings per share of $12.00 for the year. B. Riley has a “Neutral” rating and a $136.00 price target on the stock.
Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 19th. The insurance provider reported $1.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.43 by ($0.62). The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.35 billion. Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%.
Shares of Travelers Companies traded down $0.35, hitting $129.59, during midday trading on Wednesday, MarketBeat reports. The company’s stock had a trading volume of 10,085 shares, compared to its average volume of 1,673,518. The stock has a market cap of $34.72 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.03 and a beta of 1.28. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. Travelers Companies has a 1-year low of $113.76 and a 1-year high of $150.55.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Travelers Companies by 4.5% during the first quarter. BlackRock Inc. now owns 21,504,503 shares of the insurance provider’s stock valued at $2,986,115,000 after buying an additional 932,105 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Travelers Companies by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,940,850 shares of the insurance provider’s stock valued at $408,364,000 after buying an additional 12,173 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its holdings in Travelers Companies by 223.2% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,700,269 shares of the insurance provider’s stock valued at $236,099,000 after buying an additional 1,174,173 shares in the last quarter. FIL Ltd raised its holdings in Travelers Companies by 1.9% during the first quarter. FIL Ltd now owns 1,154,483 shares of the insurance provider’s stock valued at $160,311,000 after buying an additional 22,069 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Travelers Companies by 0.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,112,712 shares of the insurance provider’s stock valued at $136,129,000 after buying an additional 4,546 shares in the last quarter. 79.42% of the stock is owned by hedge funds and other institutional investors.
In related news, Vice Chairman Jay S. Benet sold 6,457 shares of Travelers Companies stock in a transaction on Friday, May 11th. The stock was sold at an average price of $132.01, for a total transaction of $852,388.57. Following the completion of the sale, the insider now owns 91,757 shares of the company’s stock, valued at $12,112,841.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Jay S. Benet sold 6,854 shares of Travelers Companies stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $132.00, for a total value of $904,728.00. Following the sale, the insider now directly owns 92,154 shares of the company’s stock, valued at approximately $12,164,328. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 10th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, September 7th. This represents a $3.08 dividend on an annualized basis and a yield of 2.38%. Travelers Companies’s payout ratio is 42.31%.
About Travelers Companies
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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