Wall Street brokerages expect Travelers Companies Inc (NYSE:TRV) to post $7.70 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Travelers Companies’ earnings. The highest sales estimate is $7.93 billion and the lowest is $7.52 billion. Travelers Companies posted sales of $7.38 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The business is expected to announce its next quarterly earnings results on Tuesday, January 22nd.

On average, analysts expect that Travelers Companies will report full-year sales of $29.92 billion for the current year, with estimates ranging from $29.48 billion to $30.36 billion. For the next financial year, analysts expect that the company will post sales of $31.31 billion, with estimates ranging from $30.96 billion to $31.69 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Travelers Companies.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.28. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the firm earned $0.91 EPS. Travelers Companies’s revenue for the quarter was up 5.5% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the company. Wells Fargo & Co reissued a “hold” rating and issued a $142.00 target price on shares of Travelers Companies in a research report on Thursday, October 18th. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Credit Suisse Group set a $141.00 price target on Travelers Companies and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Citigroup lowered Travelers Companies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $149.00 to $134.00 in a research report on Friday, October 19th. Finally, TheStreet raised Travelers Companies from a “c+” rating to a “b” rating in a research report on Thursday, August 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $136.08.

In other Travelers Companies news, EVP Andy F. Bessette sold 1,666 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $126.17, for a total transaction of $210,199.22. Following the transaction, the executive vice president now owns 8,457 shares of the company’s stock, valued at approximately $1,067,019.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of TRV. Cornerstone Wealth Management LLC bought a new position in shares of Travelers Companies during the 2nd quarter worth approximately $394,000. Acadian Asset Management LLC bought a new position in shares of Travelers Companies during the 2nd quarter worth approximately $112,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Travelers Companies by 8,616.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,569 shares of the insurance provider’s stock worth $192,000 after acquiring an additional 1,551 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Travelers Companies during the 2nd quarter worth approximately $6,006,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Travelers Companies by 15.8% during the 2nd quarter. Victory Capital Management Inc. now owns 33,415 shares of the insurance provider’s stock worth $4,088,000 after acquiring an additional 4,560 shares during the period. Institutional investors own 79.50% of the company’s stock.

Shares of Travelers Companies stock opened at $125.41 on Friday. Travelers Companies has a 52-week low of $119.67 and a 52-week high of $150.55. The company has a market capitalization of $33.56 billion, a P/E ratio of 17.23, a PEG ratio of 1.03 and a beta of 1.19. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 10th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, December 7th. Travelers Companies’s dividend payout ratio (DPR) 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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Earnings History and Estimates for Travelers Companies (NYSE:TRV)

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