Travelers Companies (NYSE:TRV) Announces Earnings Results, Misses Estimates By $0.06 EPS

Travelers Companies (NYSE:TRV) issued its quarterly earnings results on Wednesday. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06), RTT News reports. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.11 EPS.

Travelers Companies Stock Performance

TRV traded up $3.04 during trading hours on Friday, hitting $213.46. The company’s stock had a trading volume of 327,803 shares, compared to its average volume of 1,485,152. Travelers Companies has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $48.91 billion, a PE ratio of 15.73, a PEG ratio of 1.08 and a beta of 0.58. The company has a 50-day simple moving average of $221.80 and a 200 day simple moving average of $196.27.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a $1.05 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 1.97%. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

Analysts Set New Price Targets

A number of research firms have commented on TRV. Piper Sandler reaffirmed a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a report on Monday, April 1st. JPMorgan Chase & Co. increased their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. The Goldman Sachs Group increased their target price on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Finally, Jefferies Financial Group reduced their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $220.78.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, SVP Paul E. Munson sold 2,121 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the transaction, the senior vice president now directly owns 719 shares of the company’s stock, valued at approximately $153,046.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Paul E. Munson sold 2,121 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the sale, the senior vice president now directly owns 719 shares of the company’s stock, valued at approximately $153,046.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is owned by corporate insiders.

Institutional Trading of Travelers Companies

Several hedge funds and other institutional investors have recently modified their holdings of TRV. FWL Investment Management LLC purchased a new stake in shares of Travelers Companies during the fourth quarter worth $28,000. Quarry LP bought a new position in Travelers Companies during the first quarter valued at about $31,000. AM Squared Ltd bought a new position in Travelers Companies during the first quarter valued at about $34,000. Tyler Stone Wealth Management bought a new position in Travelers Companies during the second quarter valued at about $46,000. Finally, Altshuler Shaham Ltd bought a new position in Travelers Companies during the fourth quarter valued at about $46,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

About Travelers Companies

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.