Travelers Companies (NYSE:TRV) Releases Earnings Results, Beats Estimates By $1.79 EPS

Travelers Companies (NYSE:TRV) posted its earnings results on Friday. The insurance provider reported $9.18 EPS for the quarter, beating analysts’ consensus estimates of $7.39 by $1.79, FiscalAI reports. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%. The firm had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $11.36 billion.

Travelers Companies Trading Up 1.5%

TRV stock opened at $383.46 on Friday. Travelers Companies has a twelve month low of $252.26 and a twelve month high of $398.70. The stock has a market capitalization of $79.98 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 2.92 and a beta of 0.43. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm’s fifty day simple moving average is $368.89 and its two-hundred day simple moving average is $337.13.

Analyst Ratings Changes

TRV has been the topic of several research reports. Wells Fargo & Company restated a “cautious” rating on shares of Travelers Companies in a research report on Monday. Morgan Stanley upped their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $348.00 to $352.00 and gave the stock a “neutral” rating in a research note on Friday, October 9th. Finally, Barclays lifted their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $357.26.

Insider Transactions at Travelers Companies

In related news, EVP Daniel Yin sold 7,153 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president directly owned 5,298 shares in the company, valued at $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 58,667 shares of company stock worth $21,830,989. 1.39% of the stock is currently owned by insiders.

Travelers Companies Company Profile

Travelers Companies, Inc is an insurance provider that offers property and casualty coverage to individuals, businesses and organizations. The company operates through three primary segments: Personal Insurance, Business Insurance, and Bond & Specialty Insurance.

Its products and services include automobile and homeowners insurance, workers’ compensation, commercial property and casualty coverage, general and professional liability insurance, surety and fidelity bonds, and specialized insurance solutions for industries and businesses with complex risks.