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

Travelers Companies (NYSE:TRV) announced its earnings results on Wednesday. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06), RTT News reports. The firm 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 firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $4.11 earnings per share.

Travelers Companies Stock Performance

NYSE TRV opened at $210.46 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The business has a 50 day moving average price of $221.80 and a 200 day moving average price of $196.27. The company has a market capitalization of $48.22 billion, a P/E ratio of 15.64, a PEG ratio of 1.08 and a beta of 0.58. Travelers Companies has a 1-year low of $157.33 and a 1-year high of $232.75.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction 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 owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the transaction, the executive vice president now owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,775 shares of company stock valued at $23,343,903. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $33,000. SageView Advisory Group LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $455,000. Sanibel Captiva Trust Company Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $332,000. Childress Capital Advisors LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $228,000. Finally, Harbour Investments Inc. grew its position in shares of Travelers Companies by 14.9% in the fourth quarter. Harbour Investments Inc. now owns 925 shares of the insurance provider’s stock valued at $176,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group increased their price objective on Travelers Companies from $205.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. TD Cowen assumed coverage on Travelers Companies in a research report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price objective for the company. 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 report on Thursday. The Goldman Sachs Group increased their price objective on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Finally, HSBC raised their price target on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a report on Thursday, April 4th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target 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.