Travelers Companies (NYSE:TRV) Posts Earnings Results, Misses Expectations By $0.06 EPS

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

Travelers Companies Price Performance

TRV opened at $210.46 on Friday. The firm has a market cap of $48.22 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.08 and a beta of 0.58. The company has a fifty day simple moving average of $221.80 and a 200 day simple moving average of $196.27. Travelers Companies has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a current ratio of 0.34, a quick 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. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.00%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

Insider Activity at Travelers Companies

In other Travelers Companies news, SVP Paul E. Munson sold 2,121 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total transaction of $451,476.06. Following the transaction, the senior vice president now owns 719 shares of the company’s stock, valued at approximately $153,046.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Travelers Companies news, SVP Paul E. Munson sold 2,121 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total transaction of $451,476.06. Following the transaction, the senior vice president now owns 719 shares of the company’s stock, valued at approximately $153,046.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock worth $23,343,903 in the last ninety days. 1.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TRV. Price T Rowe Associates Inc. MD increased its position in shares of Travelers Companies by 56.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,766,079 shares of the insurance provider’s stock worth $1,288,871,000 after acquiring an additional 2,440,650 shares in the last quarter. Norges Bank purchased a new position in shares of Travelers Companies in the fourth quarter worth approximately $239,875,000. Barclays PLC increased its position in shares of Travelers Companies by 215.5% in the second quarter. Barclays PLC now owns 917,756 shares of the insurance provider’s stock worth $159,378,000 after acquiring an additional 626,837 shares in the last quarter. Morgan Stanley increased its position in shares of Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock worth $615,847,000 after acquiring an additional 539,294 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Travelers Companies by 19.1% during the fourth quarter. Legal & General Group Plc now owns 2,331,662 shares of the insurance provider’s stock worth $444,158,000 after purchasing an additional 374,598 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRV has been the topic of several research analyst reports. Morgan Stanley raised their target price on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday. Keefe, Bruyette & Woods cut their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research note on Thursday. Citigroup increased their price target on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research note on Tuesday. Royal Bank of Canada cut their price target on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, TD Cowen began coverage on shares of Travelers Companies in a research note on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average 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.