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 earnings per share (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 13.68% and a net margin of 7.23%. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter in the prior year, the firm earned $4.11 EPS. The company’s revenue was up 15.7% on a year-over-year basis.

Travelers Companies Stock Performance

NYSE TRV opened at $206.58 on Thursday. The firm’s fifty day moving average price is $221.87 and its two-hundred day moving average price is $196.17. The stock has a market cap of $47.33 billion, a PE ratio of 16.15, a PEG ratio of 1.17 and a beta of 0.58. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. 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 announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is presently 31.27%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRV. Piper Sandler reiterated a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a research report on Monday, April 1st. Royal Bank of Canada lifted their price target on shares of Travelers Companies from $185.00 to $210.00 and gave the company a “sector perform” rating in a research report on Monday, January 22nd. Raymond James lifted their price target on shares of Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Citigroup lifted their price target on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Janney Montgomery Scott assumed coverage on shares of Travelers Companies in a research report on Wednesday, December 20th. They issued a “buy” rating and a $215.00 price target for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $217.00.

Insider Buying and Selling

In related news, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total value of $451,476.06. Following the sale, the senior vice president now owns 719 shares of the company’s stock, valued at $153,046.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total value of $451,476.06. Following the sale, the senior vice president now owns 719 shares of the company’s stock, valued at $153,046.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 2,500 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total transaction of $533,850.00. Following the completion of the sale, the insider now directly owns 255,178 shares in the company, valued at approximately $54,490,710.12. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock valued at $23,343,903 over the last 90 days. 1.33% of the stock is owned by insiders.

Institutional Trading of Travelers Companies

A number of institutional investors have recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in shares of Travelers Companies during the first quarter valued at about $160,000. Cibc World Market Inc. raised its holdings in shares of Travelers Companies by 28.8% during the first quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock valued at $1,084,000 after purchasing an additional 1,327 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of Travelers Companies by 1.0% during the first quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock valued at $2,210,000 after purchasing an additional 115 shares during the period. Blair William & Co. IL raised its holdings in shares of Travelers Companies by 40.6% during the first quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock valued at $9,420,000 after purchasing an additional 14,873 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Travelers Companies by 5.0% during the first quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock valued at $4,952,000 after purchasing an additional 1,286 shares during the period. Institutional investors own 82.45% of the company’s stock.

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.