Equities analysts expect Travelers Companies Inc (NYSE:TRV) to announce earnings of $3.22 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Travelers Companies’ earnings. The highest EPS estimate is $3.76 and the lowest is $2.90. Travelers Companies reported earnings of $1.43 per share in the same quarter last year, which suggests a positive year over year growth rate of 125.2%. The company is expected to issue its next earnings report before the market opens on Tuesday, October 20th.
On average, analysts expect that Travelers Companies will report full year earnings of $8.27 per share for the current fiscal year, with EPS estimates ranging from $6.75 to $9.00. For the next fiscal year, analysts anticipate that the company will report earnings of $10.68 per share, with EPS estimates ranging from $9.70 to $13.80. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Travelers Companies.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 23rd. The insurance provider reported ($0.20) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.20). The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Travelers Companies had a net margin of 5.81% and a return on equity of 7.20%. During the same period in the prior year, the company posted $2.02 earnings per share.
Several analysts recently issued reports on TRV shares. Wells Fargo & Company raised shares of Travelers Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $112.00 to $115.00 in a report on Friday, September 11th. Morgan Stanley upped their price target on shares of Travelers Companies from $107.00 to $115.00 and gave the company an “underweight” rating in a report on Wednesday, August 19th. UBS Group upped their price target on shares of Travelers Companies from $119.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, July 27th. ValuEngine lowered shares of Travelers Companies from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, William Blair upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating in a research note on Friday, July 17th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $123.67.
TRV traded up $0.77 during trading on Monday, hitting $108.58. The company had a trading volume of 979,450 shares, compared to its average volume of 1,885,085. The company has a market cap of $27.49 billion, a PE ratio of 15.47, a P/E/G ratio of 1.99 and a beta of 0.83. The business has a 50-day moving average of $113.32 and a 200-day moving average of $108.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. Travelers Companies has a 1-year low of $76.99 and a 1-year high of $145.21.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $3.40 annualized dividend and a dividend yield of 3.13%. Travelers Companies’s dividend payout ratio is currently 35.42%.
Several institutional investors have recently added to or reduced their stakes in the company. Northstar Investment Advisors LLC grew its position in shares of Travelers Companies by 2.8% during the second quarter. Northstar Investment Advisors LLC now owns 3,563 shares of the insurance provider’s stock worth $406,000 after acquiring an additional 97 shares during the last quarter. Ellevest Inc. grew its position in shares of Travelers Companies by 34.2% during the second quarter. Ellevest Inc. now owns 400 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 102 shares during the last quarter. Arrow Financial Corp grew its position in shares of Travelers Companies by 2.9% during the second quarter. Arrow Financial Corp now owns 3,613 shares of the insurance provider’s stock worth $413,000 after acquiring an additional 102 shares during the last quarter. Kore Private Wealth LLC grew its position in shares of Travelers Companies by 19.3% during the second quarter. Kore Private Wealth LLC now owns 638 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 103 shares during the last quarter. Finally, Clarius Group LLC grew its position in shares of Travelers Companies by 5.0% during the second quarter. Clarius Group LLC now owns 2,230 shares of the insurance provider’s stock worth $254,000 after acquiring an additional 107 shares during the last quarter. Institutional investors and hedge funds own 81.33% 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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