Travelers Companies Inc to Post FY2017 Earnings of $6.47 Per Share, B. Riley Forecasts (TRV)
Travelers Companies Inc (NYSE:TRV) – Equities researchers at B. Riley lowered their FY2017 earnings estimates for shares of Travelers Companies in a report issued on Thursday. B. Riley analyst R. Binner now forecasts that the insurance provider will post earnings per share of $6.47 for the year, down from their previous forecast of $7.25. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Travelers Companies’ Q4 2017 earnings at $1.46 EPS, FY2018 earnings at $10.55 EPS and FY2019 earnings at $11.20 EPS.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the firm earned $2.40 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year.
A number of other research firms have also recently commented on TRV. Wells Fargo & Co reaffirmed a “hold” rating and set a $125.00 target price on shares of Travelers Companies in a research note on Tuesday, September 12th. Credit Suisse Group cut their target price on Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $152.00 target price on shares of Travelers Companies in a research note on Wednesday, December 6th. Royal Bank of Canada upped their target price on Travelers Companies to $140.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Finally, Zacks Investment Research raised Travelers Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $134.38.
Travelers Companies (NYSE:TRV) opened at $132.16 on Monday. The company has a market capitalization of $36,170.00, a P/E ratio of 15.30, a PEG ratio of 1.83 and a beta of 1.25. Travelers Companies has a 52 week low of $113.76 and a 52 week high of $137.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 11th were paid a $0.72 dividend. The ex-dividend date was Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.18%. Travelers Companies’s dividend payout ratio (DPR) is 33.33%.
Travelers Companies announced that its board has approved a stock buyback plan on Monday, September 11th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.
In other Travelers Companies news, EVP Maria Olivo sold 33,225 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total transaction of $4,458,130.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael Frederick Klein sold 20,077 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total value of $2,623,662.36. Following the sale, the executive vice president now owns 21,619 shares in the company, valued at $2,825,170.92. The disclosure for this sale can be found here. Insiders sold a total of 55,302 shares of company stock valued at $7,347,753 in the last 90 days. 0.82% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of TRV. Balyasny Asset Management LLC lifted its stake in Travelers Companies by 2,272.4% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock worth $186,142,000 after purchasing an additional 1,409,121 shares in the last quarter. FIL Ltd purchased a new position in Travelers Companies in the 2nd quarter worth approximately $161,641,000. Janus Henderson Group PLC raised its position in shares of Travelers Companies by 3,559.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock valued at $165,178,000 after buying an additional 1,269,774 shares during the period. American Century Companies Inc. raised its position in shares of Travelers Companies by 2,264.8% during the 2nd quarter. American Century Companies Inc. now owns 901,739 shares of the insurance provider’s stock valued at $114,097,000 after buying an additional 863,607 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at approximately $78,058,000. Hedge funds and other institutional investors own 78.49% of the company’s stock.
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.
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