Travelers Companies (NYSE:TRV) Issues Quarterly Earnings Results

Key Points

• Travelers Companies reported quarterly earnings of $8.14 per share, significantly exceeding analysts' expectations of $6.01, with revenue reaching $11.47 billion compared to an estimate of $11.15 billion.
• Despite strong financial results, shares of TRV fell by 2.2% following the earnings announcement.
• Insider transactions included significant stock sales by EVP Mojgan M. Lefebvre and EVP Gregory C. Toczydlowski, reducing their ownership stakes in the company.

Travelers Companies (NYSE:TRV - Get Free Report) posted its earnings results on Thursday. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13, Zacks reports. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.47 billion during the quarter, compared to the consensus estimate of $11.15 billion.

Travelers Companies Trading Down 2.2%

Shares of TRV stock opened at $269.54 on Thursday. The stock has a market cap of $60.68 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 3.06 and a beta of 0.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. Travelers Companies has a fifty-two week low of $230.23 and a fifty-two week high of $287.95. The firm's 50 day moving average price is $274.06 and its two-hundred day moving average price is $266.33.

Insider Buying and Selling

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.46% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth $276,000. Brighton Jones LLC increased its stake in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after buying an additional 387 shares during the last quarter. Oxford Asset Management LLP bought a new stake in shares of Travelers Companies in the second quarter worth $265,000. Blue Chip Partners LLC bought a new stake in shares of Travelers Companies in the second quarter worth $208,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Travelers Companies in the second quarter worth $179,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on TRV shares. Weiss Ratings restated a "buy (b)" rating on shares of Travelers Companies in a report on Tuesday. Wolfe Research initiated coverage on shares of Travelers Companies in a research note on Monday, September 15th. They set a "peer perform" rating on the stock. UBS Group raised their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 8th. Evercore ISI reaffirmed an "outperform" rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Finally, Barclays set a $313.00 price target on shares of Travelers Companies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $290.11.

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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