Wall Street brokerages predict that Travelers Companies Inc (NYSE:TRV) will announce earnings per share of $3.22 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Travelers Companies’ earnings, with the highest EPS estimate coming in at $3.76 and the lowest estimate coming in at $2.90. Travelers Companies reported earnings per share of $1.43 during the same quarter last year, which suggests a positive year over year growth rate of 125.2%. The firm is scheduled 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 year, with EPS estimates ranging from $6.75 to $9.00. For the next financial year, analysts forecast that the business will report earnings of $10.68 per share, with EPS estimates ranging from $9.70 to $13.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Travelers Companies.
Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 23rd. The insurance provider reported ($0.20) earnings per share for the quarter, meeting the consensus estimate of ($0.20). The company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Travelers Companies had a return on equity of 7.20% and a net margin of 5.81%. During the same period in the prior year, the business posted $2.02 EPS.
Several equities research analysts have weighed in on the company. MKM Partners increased their price objective on Travelers Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 24th. William Blair upgraded Travelers Companies from a “market perform” rating to an “outperform” rating in a report on Friday, July 17th. ValuEngine lowered Travelers Companies from a “hold” rating to a “sell” rating in a research report on Thursday. Deutsche Bank increased their target price on Travelers Companies from $120.00 to $126.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. Finally, Wells Fargo & Company raised Travelers Companies from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $112.00 to $115.00 in a research report on Friday, September 11th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $123.67.
TRV stock traded up $0.77 during trading on Monday, hitting $108.58. 979,450 shares of the company traded hands, compared to its average volume of 1,885,085. The firm has a market capitalization of $27.49 billion, a PE ratio of 15.47, a P/E/G ratio of 1.99 and a beta of 0.83. Travelers Companies has a 1 year low of $76.99 and a 1 year high of $145.21. The company 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 quick ratio of 0.40 and a current ratio of 0.40.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Wednesday, September 9th. Travelers Companies’s payout ratio is 35.42%.
Several institutional investors have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Travelers Companies by 0.9% in the 2nd quarter. FMR LLC now owns 12,683,552 shares of the insurance provider’s stock worth $1,446,559,000 after purchasing an additional 115,856 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Travelers Companies by 2.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,181,595 shares of the insurance provider’s stock worth $1,210,242,000 after purchasing an additional 326,316 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Travelers Companies by 6.5% in the 1st quarter. Clearbridge Investments LLC now owns 3,937,005 shares of the insurance provider’s stock worth $391,141,000 after purchasing an additional 240,762 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Travelers Companies by 0.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 3,900,584 shares of the insurance provider’s stock worth $444,862,000 after purchasing an additional 15,159 shares in the last quarter. Finally, Capital International Investors bought a new stake in shares of Travelers Companies in the 1st quarter worth $387,424,000. 81.33% of the stock is owned by institutional investors and hedge funds.
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.
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