Travelers Companies (NYSE:TRV) Posts Earnings Results, Beats Estimates By $2.99 EPS

Travelers Companies (NYSE:TRV - Get Free Report) posted its earnings results on Thursday. The insurance provider reported $6.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $2.99, Zacks reports. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the firm earned $2.51 EPS. The firm's revenue was up 7.4% compared to the same quarter last year.

Travelers Companies Price Performance

TRV traded up $7.06 during trading on Thursday, reaching $259.25. 790,717 shares of the company were exchanged, compared to its average volume of 1,335,717. The company's 50-day moving average is $266.17 and its two-hundred day moving average is $255.92. Travelers Companies has a 12-month low of $202.95 and a 12-month high of $277.83. The company has a market cap of $58.55 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 3.66 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 0.28.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 9,044 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.17, for a total transaction of $2,479,593.48. Following the transaction, the executive vice president directly owned 33,638 shares in the company, valued at approximately $9,222,530.46. This represents a 21.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.50, for a total value of $549,000.00. Following the transaction, the insider owned 255,086 shares in the company, valued at $70,021,107. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is owned by insiders.

Hedge Funds Weigh In On Travelers Companies

An institutional investor recently bought a new position in Travelers Companies stock. Revolve Wealth Partners LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,146 shares of the insurance provider's stock, valued at approximately $276,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of research reports. Jefferies Financial Group upped their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Evercore ISI increased their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Hsbc Global Res downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Finally, Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and a consensus target price of $273.28.

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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