The Travelers Companies, Inc. (NYSE:TRV) – Equities research analysts at FBR & Co cut their FY2018 earnings estimates for shares of The Travelers Companies in a note issued to investors on Tuesday. FBR & Co analyst R. Binner now expects that the insurance provider will earn $9.50 per share for the year, down from their previous forecast of $9.60. FBR & Co also issued estimates for The Travelers Companies’ FY2019 earnings at $9.90 EPS.

Other equities analysts have also recently issued reports about the stock. Barclays PLC boosted their price target on shares of The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. BidaskClub cut shares of The Travelers Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target on the stock in a report on Tuesday, June 27th. Zacks Investment Research cut shares of The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Finally, Bank of America Corporation cut shares of The Travelers Companies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $120.62 to $129.44 in a report on Monday, June 19th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $125.71.

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Shares of The Travelers Companies (TRV) traded up 0.45% on Wednesday, hitting $126.17. The company’s stock had a trading volume of 430,664 shares. The Travelers Companies has a 52 week low of $103.45 and a 52 week high of $130.37. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 12.56 and a beta of 1.20. The stock’s 50 day moving average is $122.30 and its 200-day moving average is $123.92.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.15). The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the prior year, the company earned $2.20 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year.

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its position in The Travelers Companies by 4.9% during the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 37 shares during the last quarter. Westside Investment Management Inc. lifted its position in The Travelers Companies by 361.1% during the 1st quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after acquiring an additional 686 shares during the last quarter. Tradewinds Capital Management LLC raised its position in shares of The Travelers Companies by 1.1% during the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after buying an additional 10 shares during the last quarter. Intellectus Partners LLC raised its position in shares of The Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after buying an additional 41 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of The Travelers Companies by 3.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after buying an additional 35 shares during the last quarter. 77.48% of the stock is owned by hedge funds and other institutional investors.

In other The Travelers Companies news, Vice Chairman Jay S. Benet sold 16,566 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $130.01, for a total transaction of $2,153,745.66. Following the completion of the transaction, the insider now owns 93,872 shares of the company’s stock, valued at approximately $12,204,298.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 24,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the transaction, the insider now directly owns 253,744 shares of the company’s stock, valued at approximately $32,134,140.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,323 shares of company stock valued at $16,436,703. Company insiders own 0.82% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, September 7th. The Travelers Companies’s dividend payout ratio is 28.77%.

The Travelers Companies declared that its Board of Directors has approved a share buyback plan on Monday, September 11th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

The Travelers Companies Company Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Earnings History and Estimates for The Travelers Companies (NYSE:TRV)

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