The Travelers Companies, Inc. (NYSE:TRV) Expected to Earn Q3 2018 Earnings of $2.07 Per Share
The Travelers Companies, Inc. (NYSE:TRV) – Investment analysts at Langen Mcalenn decreased their Q3 2018 earnings per share (EPS) estimates for shares of The Travelers Companies in a research report issued on Thursday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings of $2.07 per share for the quarter, down from their prior forecast of $2.08. Langen Mcalenn also issued estimates for The Travelers Companies’ Q4 2018 earnings at $3.08 EPS.
The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by $0.15. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.31 billion. The Travelers Companies had a net margin of 10.55% and a return on equity of 12.01%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 earnings per share.
TRV has been the topic of a number of other research reports. Argus upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Monday, April 24th. Citigroup Inc. lifted their price target on shares of The Travelers Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Friday, April 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $126.00 price target on shares of The Travelers Companies in a report on Monday, May 22nd. Morgan Stanley reiterated an “underweight” rating and issued a $119.00 price target (up previously from $112.00) on shares of The Travelers Companies in a report on Friday, July 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of The Travelers Companies in a report on Tuesday, June 20th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $123.47.
Shares of The Travelers Companies (NYSE TRV) traded up 0.28% during mid-day trading on Friday, reaching $124.92. The company’s stock had a trading volume of 830,896 shares. The firm’s 50 day moving average price is $126.44 and its 200-day moving average price is $122.05. The Travelers Companies has a 1-year low of $103.45 and a 1-year high of $129.60. The company has a market capitalization of $34.90 billion, a price-to-earnings ratio of 12.29 and a beta of 1.21.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is 28.40%.
The Travelers Companies announced that its board has authorized a stock buyback program on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
In related news, EVP Kenneth Franklin Spence III sold 15,971 shares of The Travelers Companies stock in a transaction on Monday, April 24th. The shares were sold at an average price of $120.06, for a total transaction of $1,917,478.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 7,000 shares of The Travelers Companies stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.48, for a total transaction of $864,360.00. Following the sale, the insider now directly owns 246,744 shares in the company, valued at approximately $30,467,949.12. The disclosure for this sale can be found here. Insiders have sold a total of 190,264 shares of company stock worth $23,233,448 in the last ninety days. 0.82% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock valued at $2,459,383,000 after buying an additional 19,585,476 shares during the last quarter. FMR LLC increased its stake in The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock valued at $795,148,000 after buying an additional 1,954,573 shares during the last quarter. Vanguard Group Inc. increased its stake in The Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock valued at $2,597,871,000 after buying an additional 633,510 shares during the last quarter. WINTON GROUP Ltd increased its stake in The Travelers Companies by 191.6% in the first quarter. WINTON GROUP Ltd now owns 695,246 shares of the insurance provider’s stock valued at $79,640,000 after buying an additional 456,814 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in The Travelers Companies during the first quarter valued at $52,168,000. 77.92% of the stock is owned by institutional investors.
About The Travelers Companies
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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