Travelers Companies (NYSE:TRV) Announces Earnings Results, Misses Estimates By $0.06 EPS

Travelers Companies (NYSE:TRV) announced its earnings results on Wednesday. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06), RTT News reports. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter last year, the business earned $4.11 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year.

Travelers Companies Trading Up 1.9 %

TRV opened at $210.46 on Friday. The business’s 50 day moving average is $221.80 and its two-hundred day moving average is $196.27. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The firm has a market cap of $48.22 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 annualized dividend and a yield of 2.00%. Travelers Companies’s payout ratio is 29.72%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the transaction, the executive vice president now directly owns 14,080 shares in the company, valued at approximately $2,966,374.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Paul E. Munson sold 2,121 shares of Travelers Companies stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the sale, the senior vice president now directly owns 719 shares in the company, valued at $153,046.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the sale, the executive vice president now owns 14,080 shares in the company, valued at $2,966,374.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,775 shares of company stock worth $23,343,903. 1.33% of the stock is currently owned by insiders.

Institutional Trading of Travelers Companies

Institutional investors have recently modified their holdings of the business. FWL Investment Management LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $28,000. Quarry LP purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $33,000. AM Squared Ltd purchased a new stake in shares of Travelers Companies in the first quarter valued at approximately $34,000. Altshuler Shaham Ltd purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $46,000. Finally, Tyler Stone Wealth Management purchased a new stake in shares of Travelers Companies in the second quarter valued at approximately $46,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TRV. Piper Sandler restated a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a report on Monday, April 1st. Citigroup raised their target price on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday. Evercore ISI decreased their price objective on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods decreased their price objective on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $218.39.

Travelers Companies Company Profile

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.