Travelers Companies (NYSE:TRV) Releases Quarterly Earnings Results

Travelers Companies (NYSE:TRVGet Rating) posted its quarterly earnings results on Tuesday. The insurance provider reported $3.40 EPS for the quarter, hitting the consensus estimate of $3.40, Yahoo Finance reports. The business had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.78 billion. Travelers Companies had a net margin of 9.26% and a return on equity of 14.31%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.20 earnings per share.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $193.25 on Wednesday. The company has a 50-day simple moving average of $187.71 and a 200-day simple moving average of $173.55. Travelers Companies has a one year low of $149.65 and a one year high of $194.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $45.29 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 2.31 and a beta of 0.65.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.92%. Travelers Companies’s payout ratio is 27.19%.

Analysts Set New Price Targets

Several research firms have commented on TRV. Piper Sandler boosted their price target on shares of Travelers Companies from $182.00 to $190.00 in a research note on Tuesday, January 10th. Morgan Stanley boosted their price target on shares of Travelers Companies from $175.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 22nd. BMO Capital Markets assumed coverage on shares of Travelers Companies in a research note on Thursday, January 19th. They set an “outperform” rating and a $212.00 target price for the company. MKM Partners boosted their target price on shares of Travelers Companies from $185.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 1st. Finally, StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, November 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $186.53.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 7,000 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $181.00, for a total value of $1,267,000.00. Following the completion of the sale, the insider now directly owns 251,605 shares of the company’s stock, valued at $45,540,505. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Vice Chairman William H. Heyman sold 7,000 shares of the stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $181.00, for a total transaction of $1,267,000.00. Following the completion of the transaction, the insider now directly owns 251,605 shares of the company’s stock, valued at $45,540,505. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 5,234 shares of the stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $188.48, for a total transaction of $986,504.32. Following the transaction, the executive vice president now directly owns 48,756 shares of the company’s stock, valued at $9,189,530.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,969 shares of company stock valued at $11,503,468. Insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TRV. CENTRAL TRUST Co grew its position in Travelers Companies by 6.3% during the third quarter. CENTRAL TRUST Co now owns 4,806 shares of the insurance provider’s stock worth $736,000 after buying an additional 285 shares during the period. Advisors Capital Management LLC grew its position in Travelers Companies by 14.5% during the third quarter. Advisors Capital Management LLC now owns 1,409 shares of the insurance provider’s stock worth $257,000 after buying an additional 178 shares during the period. Captrust Financial Advisors grew its position in Travelers Companies by 9.3% during the third quarter. Captrust Financial Advisors now owns 39,294 shares of the insurance provider’s stock worth $6,020,000 after buying an additional 3,355 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its position in Travelers Companies by 3.7% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,505 shares of the insurance provider’s stock worth $1,303,000 after buying an additional 307 shares during the period. Finally, Kentucky Retirement Systems grew its position in Travelers Companies by 4.3% during the third quarter. Kentucky Retirement Systems now owns 18,576 shares of the insurance provider’s stock worth $2,846,000 after buying an additional 766 shares during the period. 81.59% of the stock is owned by hedge funds and other institutional investors.

About Travelers Companies

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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.

See Also

Earnings History for Travelers Companies (NYSE:TRV)

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