The Travelers Companies, Inc. (NYSE:TRV - Free Report) - Analysts at Zacks Research raised their Q2 2024 earnings estimates for Travelers Companies in a research note issued to investors on Wednesday, May 1st. Zacks Research analyst T. De now forecasts that the insurance provider will earn $2.99 per share for the quarter, up from their previous estimate of $2.91. The consensus estimate for Travelers Companies' current full-year earnings is $17.74 per share. Zacks Research also issued estimates for Travelers Companies' Q3 2024 earnings at $3.46 EPS, Q4 2024 earnings at $5.74 EPS, FY2024 earnings at $16.88 EPS, Q1 2025 earnings at $5.13 EPS, Q2 2025 earnings at $5.25 EPS, FY2025 earnings at $19.28 EPS, Q1 2026 earnings at $5.82 EPS and FY2026 earnings at $23.88 EPS.
Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.11 EPS.
Several other equities research analysts have also recently weighed in on TRV. Evercore ISI cut their target price on Travelers Companies from $253.00 to $250.00 and set an "outperform" rating for the company in a research note on Thursday, April 18th. JMP Securities restated a "market perform" rating on shares of Travelers Companies in a research note on Friday, April 19th. JPMorgan Chase & Co. increased 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. Keefe, Bruyette & Woods dropped their price target on shares of Travelers Companies from $241.00 to $231.00 and set a "market perform" rating on the stock in a research report on Thursday, April 18th. Finally, StockNews.com downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, April 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $223.47.
Read Our Latest Analysis on TRV
Travelers Companies Stock Performance
Shares of TRV traded down $0.48 during midday trading on Friday, reaching $213.89. 1,298,444 shares of the stock were exchanged, compared to its average volume of 1,481,971. Travelers Companies has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a market cap of $48.98 billion, a P/E ratio of 15.89, a PEG ratio of 1.11 and a beta of 0.60. The stock's 50 day simple moving average is $220.96 and its 200 day simple moving average is $199.82. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.
Institutional Trading of Travelers Companies
Institutional investors have recently modified their holdings of the company. First Command Advisory Services Inc. bought a new position in Travelers Companies in the 3rd quarter worth $26,000. Northwest Financial Advisors bought a new stake in shares of Travelers Companies during the 4th quarter valued at $32,000. AM Squared Ltd boosted its stake in Travelers Companies by 100.0% during the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider's stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Private Wealth Management Group LLC purchased a new stake in Travelers Companies in the fourth quarter worth about $39,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Travelers Companies during the fourth quarter valued at approximately $40,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Travelers Companies
In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company's stock, valued at $4,877,860.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $12,057,727 over the last 90 days. Corporate insiders own 1.33% of the company's stock.
Travelers Companies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, June 7th. This is a boost from Travelers Companies's previous quarterly dividend of $1.00. Travelers Companies's dividend payout ratio is currently 29.72%.
About Travelers Companies
(
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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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