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

Travelers Companies (NYSE:TRV) issued its quarterly earnings data 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 return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the previous year, the business earned $4.11 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis.

Travelers Companies Stock Up 1.9 %

Shares of TRV opened at $210.46 on Friday. The firm’s 50-day simple moving average is $221.80 and its 200 day simple 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 P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies Increases Dividend

The business also recently declared 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. The ex-dividend date is Monday, June 10th. 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. Travelers Companies’s dividend payout ratio is 29.72%.

Analysts Set New Price Targets

A number of brokerages recently commented on TRV. Raymond James raised their price objective on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. The Goldman Sachs Group lifted their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. 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 report on Thursday. Finally, 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 report on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $218.39.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the transaction, the executive vice president now owns 14,080 shares in the company, valued at approximately $2,966,374.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,291,671.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 12,287 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. 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 quarter. Corporate insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Travelers Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRV. Vanguard Group Inc. raised its stake in shares of Travelers Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 21,692,863 shares of the insurance provider’s stock valued at $4,132,273,000 after acquiring an additional 147,806 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Travelers Companies by 56.4% during 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 buying an additional 2,440,650 shares during the period. Morgan Stanley increased its position in shares of Travelers Companies by 19.6% during the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock worth $615,847,000 after buying an additional 539,294 shares during the period. Legal & General Group Plc increased its position 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 buying an additional 374,598 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Travelers Companies by 2.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock worth $257,853,000 after buying an additional 31,165 shares during the period. Institutional investors own 82.45% of the company’s stock.

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.