Travelers Companies Inc (NYSE:TRV) – Investment analysts at B. Riley reduced their FY2018 earnings per share (EPS) estimates for shares of Travelers Companies in a note issued to investors on Friday, October 26th. B. Riley analyst R. Binner now expects that the insurance provider will earn $9.70 per share for the year, down from their prior forecast of $9.85. B. Riley has a “Neutral” rating and a $136.00 price target on the stock.

A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded Travelers Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Wells Fargo & Co restated a “hold” rating and issued a $142.00 price target on shares of Travelers Companies in a research note on Thursday, July 19th. Citigroup downgraded Travelers Companies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $149.00 to $134.00 in a research note on Friday, October 19th. Sandler O’Neill restated a “hold” rating and issued a $130.00 price target on shares of Travelers Companies in a research note on Friday, July 13th. Finally, Credit Suisse Group initiated coverage on Travelers Companies in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $141.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $136.53.

Travelers Companies stock opened at $121.29 on Monday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29. Travelers Companies has a 1-year low of $119.66 and a 1-year high of $150.55. The company has a market capitalization of $32.13 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 0.96 and a beta of 1.25.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.28. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 10th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $3.08 dividend on an annualized basis and a yield of 2.54%. Travelers Companies’s payout ratio is 42.31%.

In other Travelers Companies news, EVP Andy F. Bessette sold 8,892 shares of the business’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the sale, the executive vice president now directly owns 10,551 shares in the company, valued at $1,379,859.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jay S. Benet sold 8,876 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total value of $1,171,632.00. Following the sale, the insider now owns 94,176 shares in the company, valued at $12,431,232. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Telos Capital Management Inc. raised its holdings in shares of Travelers Companies by 3.9% in the third quarter. Telos Capital Management Inc. now owns 35,743 shares of the insurance provider’s stock worth $4,636,000 after acquiring an additional 1,338 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Travelers Companies by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 24,450 shares of the insurance provider’s stock worth $3,172,000 after acquiring an additional 781 shares during the last quarter. Trust Co. of Vermont raised its holdings in shares of Travelers Companies by 5.0% in the third quarter. Trust Co. of Vermont now owns 9,389 shares of the insurance provider’s stock worth $1,217,000 after acquiring an additional 450 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Travelers Companies by 26.6% in the third quarter. Russell Investments Group Ltd. now owns 518,031 shares of the insurance provider’s stock worth $67,114,000 after acquiring an additional 108,903 shares during the last quarter. Finally, Rossmore Private Capital raised its holdings in shares of Travelers Companies by 45.9% in the third quarter. Rossmore Private Capital now owns 7,061 shares of the insurance provider’s stock worth $916,000 after acquiring an additional 2,221 shares during the last quarter. Institutional investors own 78.67% 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.

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

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