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

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

Travelers Companies Stock Up 1.4 %

Shares of TRV traded up $2.89 during trading hours on Friday, hitting $213.31. The company had a trading volume of 366,041 shares, compared to its average volume of 1,485,551. The company has a market capitalization of $48.88 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. Travelers Companies has a one year low of $157.33 and a one year high of $232.75. The company’s fifty day moving average price is $221.80 and its two-hundred day moving average price is $196.27.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.97%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies’s payout ratio is presently 29.72%.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the business’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 completion of the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Michael Frederick Klein sold 12,287 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the transaction, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. In the last three months, insiders sold 109,775 shares of company stock valued at $23,343,903. Corporate insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TRV. Fortis Capital Advisors LLC purchased a new stake in Travelers Companies during the 4th quarter valued at about $102,000. O Dell Group LLC purchased a new stake in Travelers Companies during the 4th quarter valued at about $97,000. Brown Brothers Harriman & Co. grew its stake in Travelers Companies by 139.8% during the 1st quarter. Brown Brothers Harriman & Co. now owns 446 shares of the insurance provider’s stock valued at $81,000 after purchasing an additional 260 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Travelers Companies during the 1st quarter valued at about $69,000. Finally, Sunbelt Securities Inc. purchased a new stake in Travelers Companies during the 1st quarter valued at about $61,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent analyst reports. Royal Bank of Canada decreased their target price on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a research note on Thursday. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Citigroup lifted their price objective on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research note on Tuesday. UBS Group lifted their price objective on Travelers Companies from $205.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $220.78.

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.