Brokers Set Expectations for Travelers Companies Inc’s FY2018 Earnings (NYSE:TRV)

Travelers Companies Inc (NYSE:TRV) – Research analysts at William Blair lowered their FY2018 EPS estimates for shares of Travelers Companies in a report released on Thursday, October 18th, Zacks Investment Research reports. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $9.50 per share for the year, down from their prior forecast of $9.72. William Blair also issued estimates for Travelers Companies’ Q2 2019 earnings at $2.17 EPS, Q3 2019 earnings at $2.37 EPS, Q4 2019 earnings at $3.58 EPS and FY2020 earnings at $11.20 EPS.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 EPS for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.28. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the business earned $0.91 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis.

A number of other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Travelers Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Wells Fargo & Co reiterated a “hold” rating and set a $142.00 price objective on shares of Travelers Companies in a research note on Thursday, July 19th. Citigroup cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $149.00 to $134.00 in a report on Friday, October 19th. B. Riley raised their target price on shares of Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Finally, Sandler O’Neill restated a “hold” rating and set a $130.00 target price on shares of Travelers Companies in a report on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $136.36.

Shares of NYSE TRV traded up $0.04 during mid-day trading on Friday, reaching $131.03. 1,379,390 shares of the company traded hands, compared to its average volume of 1,983,452. Travelers Companies has a fifty-two week low of $119.67 and a fifty-two week high of $150.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $34.51 billion, a PE ratio of 18.00, a P/E/G ratio of 1.04 and a beta of 1.19.

Large investors have recently modified their holdings of the business. Hartford Financial Management Inc. acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at $205,000. Nuance Investments LLC raised its holdings in shares of Travelers Companies by 16.2% during the 2nd quarter. Nuance Investments LLC now owns 630,719 shares of the insurance provider’s stock valued at $77,162,000 after purchasing an additional 88,049 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Travelers Companies during the 2nd quarter valued at $464,000. Sky Investment Group LLC bought a new position in shares of Travelers Companies during the 2nd quarter valued at $1,026,000. Finally, Centaurus Financial Inc. raised its holdings in shares of Travelers Companies by 74.2% during the 2nd quarter. Centaurus Financial Inc. now owns 1,956 shares of the insurance provider’s stock valued at $239,000 after purchasing an additional 833 shares in the last quarter. 79.33% of the stock is owned by institutional investors.

In other Travelers Companies news, EVP Andy F. Bessette sold 8,892 shares of Travelers Companies stock in a transaction on Friday, August 17th. The shares were sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the completion of the sale, the executive vice president now owns 10,551 shares of the company’s stock, valued at approximately $1,379,859.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jay S. Benet sold 8,876 shares of Travelers Companies stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the sale, the insider now directly owns 94,176 shares of the company’s stock, valued at approximately $12,431,232. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 10th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, December 7th. Travelers Companies’s dividend payout ratio is 42.31%.

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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Earnings History and Estimates for Travelers Companies (NYSE:TRV)

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