Brokerages expect Travelers Companies Inc (NYSE:TRV) to post $7.86 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Travelers Companies’ earnings. The highest sales estimate is $7.93 billion and the lowest is $7.74 billion. Travelers Companies reported sales of $7.69 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The firm is scheduled to announce its next earnings results on Thursday, October 17th.

On average, analysts expect that Travelers Companies will report full year sales of $31.05 billion for the current year, with estimates ranging from $30.72 billion to $31.37 billion. For the next year, analysts expect that the firm will report sales of $32.51 billion, with estimates ranging from $32.38 billion to $32.64 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Travelers Companies.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.30). Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the previous year, the firm posted $1.81 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis.

TRV has been the topic of several recent research reports. Buckingham Research lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a research note on Friday, July 19th. ValuEngine downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. UBS Group lifted their price objective on shares of Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Barclays set a $177.00 price objective on shares of Travelers Companies and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Deutsche Bank downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price objective for the company. in a research report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Travelers Companies currently has an average rating of “Hold” and a consensus price target of $148.78.

TRV stock traded up $0.53 during midday trading on Friday, hitting $147.04. The company’s stock had a trading volume of 638,900 shares, compared to its average volume of 1,321,025. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies has a twelve month low of $111.08 and a twelve month high of $155.09. The company’s fifty day moving average price is $149.66 and its 200 day moving average price is $141.97. The stock has a market capitalization of $38.23 billion, a P/E ratio of 16.45, a PEG ratio of 1.39 and a beta of 0.94.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Monday, September 9th. Travelers Companies’s payout ratio is 36.69%.

In related news, Vice Chairman William H. Heyman sold 7,500 shares of Travelers Companies stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $149.50, for a total transaction of $1,121,250.00. Following the completion of the sale, the insider now owns 242,245 shares of the company’s stock, valued at approximately $36,215,627.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 5,000 shares of Travelers Companies stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $150.75, for a total transaction of $753,750.00. Following the sale, the insider now directly owns 244,745 shares of the company’s stock, valued at approximately $36,895,308.75. The disclosure for this sale can be found here. Insiders have sold a total of 34,594 shares of company stock valued at $5,126,180 in the last ninety days. 0.73% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in TRV. BlackRock Inc. boosted its holdings in shares of Travelers Companies by 7.3% during the 1st quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock worth $3,100,401,000 after buying an additional 1,528,327 shares during the period. Nuveen Asset Management LLC boosted its holdings in Travelers Companies by 757.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,624,626 shares of the insurance provider’s stock valued at $242,914,000 after purchasing an additional 1,435,094 shares during the period. FMR LLC boosted its holdings in Travelers Companies by 9.4% in the 1st quarter. FMR LLC now owns 10,500,482 shares of the insurance provider’s stock valued at $1,440,247,000 after purchasing an additional 904,028 shares during the period. APG Asset Management N.V. boosted its holdings in Travelers Companies by 155.0% in the 2nd quarter. APG Asset Management N.V. now owns 1,352,816 shares of the insurance provider’s stock valued at $177,619,000 after purchasing an additional 822,400 shares during the period. Finally, FIL Ltd boosted its holdings in Travelers Companies by 44.8% in the 1st quarter. FIL Ltd now owns 1,450,421 shares of the insurance provider’s stock valued at $198,939,000 after purchasing an additional 448,948 shares during the period. 81.19% of the stock is owned by institutional investors and hedge funds.

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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