The Travelers Companies, Inc. (NYSE:TRV - Free Report) - Investment analysts at Roth Capital upped their Q3 2024 earnings per share (EPS) estimates for shares of Travelers Companies in a report issued on Thursday, April 18th. Roth Capital analyst H. Fong now expects that the insurance provider will post earnings of $4.75 per share for the quarter, up from their prior estimate of $4.49. The consensus estimate for Travelers Companies' current full-year earnings is $17.62 per share. Roth Capital also issued estimates for Travelers Companies' Q4 2024 earnings at $6.37 EPS, FY2024 earnings at $18.90 EPS, Q2 2025 earnings at $3.78 EPS, Q3 2025 earnings at $5.27 EPS and Q4 2025 earnings at $6.92 EPS.
Other research analysts also recently issued reports about the company. JMP Securities restated a "market perform" rating on shares of Travelers Companies in a research note on Friday. Raymond James upped their price objective on Travelers Companies from $220.00 to $245.00 and gave the stock a "strong-buy" rating in a research note on Monday, January 22nd. The Goldman Sachs Group upped their price objective on Travelers Companies from $186.00 to $212.00 and gave the stock a "sell" rating in a research note on Friday, April 12th. Evercore ISI reduced their price target on Travelers Companies from $253.00 to $250.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Keefe, Bruyette & Woods reduced their price target on Travelers Companies from $241.00 to $231.00 and set a "market perform" rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $220.78.
Read Our Latest Stock Report on TRV
Travelers Companies Stock Performance
TRV traded up $3.57 during trading on Friday, reaching $213.99. 1,918,256 shares of the company were exchanged, compared to its average volume of 1,506,480. The stock has a market cap of $49.03 billion, a P/E ratio of 15.90, a PEG ratio of 1.08 and a beta of 0.58. The firm has a 50 day moving average of $221.79 and a 200 day moving average of $196.63. 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 52 week low of $157.33 and a 52 week high of $232.75.
Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts' consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion for 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%. Travelers Companies's quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.11 earnings per share.
Travelers Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. 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. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. Travelers Companies's dividend payout ratio is 29.72%.
Insider Activity
In other news, SVP Paul E. Munson sold 2,121 shares of the company's stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the sale, the senior vice president now owns 719 shares in the company, valued at $153,046.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Vice Chairman William H. Heyman sold 2,500 shares of the company's stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total transaction of $533,850.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company's stock, valued at $54,490,710.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Paul E. Munson sold 2,121 shares of the company's stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total value of $451,476.06. Following the sale, the senior vice president now directly owns 719 shares of the company's stock, valued at $153,046.34. The disclosure for this sale can be found here. Insiders sold a total of 109,775 shares of company stock worth $23,343,903 over the last 90 days. 1.33% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Travelers Companies
Hedge funds have recently modified their holdings of the stock. First Command Advisory Services Inc. acquired a new position in Travelers Companies during the third quarter valued at $26,000. Arlington Trust Co LLC acquired a new position in Travelers Companies during the third quarter valued at $27,000. FWL Investment Management LLC acquired a new position in Travelers Companies during the fourth quarter valued at $28,000. Quarry LP acquired a new position in Travelers Companies during the first quarter valued at $31,000. Finally, Northwest Financial Advisors acquired a new position in Travelers Companies during the fourth quarter valued at $32,000. 82.45% of the stock is owned by hedge funds and other institutional investors.
Travelers Companies Company Profile
(
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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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