Analysts expect Travelers Companies Inc (NYSE:TRV) to announce sales of $8.04 billion for the current quarter, according to Zacks. Three analysts have provided estimates for Travelers Companies’ earnings, with estimates ranging from $7.86 billion to $8.22 billion. Travelers Companies reported sales of $8.01 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 0.4%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, October 20th.
According to Zacks, analysts expect that Travelers Companies will report full-year sales of $31.48 billion for the current fiscal year, with estimates ranging from $30.93 billion to $31.86 billion. For the next financial year, analysts anticipate that the company will report sales of $33.30 billion, with estimates ranging from $32.33 billion to $34.74 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Travelers Companies.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 23rd. The insurance provider reported ($0.20) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.20). Travelers Companies had a return on equity of 7.20% and a net margin of 5.81%. The business had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same period last year, the business earned $2.02 EPS.
TRV has been the topic of a number of recent analyst reports. Deutsche Bank raised their price objective on Travelers Companies from $120.00 to $126.00 and gave the company a “hold” rating in a research note on Monday, July 27th. TheStreet lowered Travelers Companies from a “b-” rating to a “c+” rating in a report on Thursday, July 23rd. ValuEngine lowered Travelers Companies from a “hold” rating to a “sell” rating in a report on Thursday. William Blair raised Travelers Companies from a “market perform” rating to an “outperform” rating in a report on Friday, July 17th. Finally, Wells Fargo & Company raised Travelers Companies from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $112.00 to $115.00 in a report on Friday, September 11th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $123.67.
Shares of TRV stock traded up $0.77 during trading on Wednesday, reaching $108.58. The company had a trading volume of 979,450 shares, compared to its average volume of 1,885,085. The firm’s 50 day simple moving average is $113.32 and its two-hundred day simple moving average is $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 one year low of $76.99 and a one year high of $145.21. The company has a market capitalization of $27.49 billion, a PE ratio of 15.47, a PEG ratio of 1.99 and a beta of 0.83.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th were paid a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $3.40 dividend on an annualized basis and a yield of 3.13%. Travelers Companies’s payout ratio is 35.42%.
A number of large investors have recently bought and sold shares of TRV. Public Employees Retirement Association of Colorado grew its stake in Travelers Companies by 9.1% in the first quarter. Public Employees Retirement Association of Colorado now owns 48,757 shares of the insurance provider’s stock valued at $4,844,000 after acquiring an additional 4,084 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Travelers Companies by 114.9% during the first quarter. Rockefeller Capital Management L.P. now owns 5,428 shares of the insurance provider’s stock worth $539,000 after buying an additional 2,902 shares during the period. Piedmont Investment Advisors Inc. boosted its position in shares of Travelers Companies by 8.2% during the first quarter. Piedmont Investment Advisors Inc. now owns 8,613 shares of the insurance provider’s stock worth $856,000 after buying an additional 652 shares during the period. Principal Financial Group Inc. boosted its position in shares of Travelers Companies by 1.3% during the first quarter. Principal Financial Group Inc. now owns 375,645 shares of the insurance provider’s stock worth $37,321,000 after buying an additional 4,665 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Travelers Companies by 65.0% during the first quarter. Van ECK Associates Corp now owns 1,604 shares of the insurance provider’s stock worth $159,000 after buying an additional 632 shares during the period. 81.33% of the stock is owned by hedge funds and other institutional investors.
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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