$7.64 Billion in Sales Expected for Travelers Companies Inc (TRV) This Quarter

Brokerages expect Travelers Companies Inc (NYSE:TRV) to announce sales of $7.64 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Travelers Companies’ earnings, with the lowest sales estimate coming in at $7.53 billion and the highest estimate coming in at $7.76 billion. Travelers Companies posted sales of $7.30 billion in the same quarter last year, which would indicate a positive year over year growth rate of 4.7%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, April 18th.

According to Zacks, analysts expect that Travelers Companies will report full-year sales of $31.19 billion for the current fiscal year, with estimates ranging from $30.75 billion to $31.69 billion. For the next fiscal year, analysts forecast that the firm will report sales of $32.51 billion, with estimates ranging from $32.15 billion to $33.07 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Travelers Companies.

Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.15. The firm had revenue of $6.95 billion during the quarter, compared to analyst estimates of $6.92 billion. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.28 earnings per share.

TRV has been the subject of several research analyst reports. Wells Fargo & Co set a $130.00 price target on Travelers Companies and gave the stock a “hold” rating in a research note on Wednesday, January 23rd. Royal Bank of Canada lowered Travelers Companies from an “outperform” rating to a “sector perform” rating and set a $133.00 price target for the company. in a research note on Tuesday, December 11th. Barclays upgraded Travelers Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $135.00 to $145.00 in a research note on Wednesday, January 9th. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. Finally, Credit Suisse Group restated a “hold” rating and set a $141.00 price target on shares of Travelers Companies in a research note on Thursday, December 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Travelers Companies currently has an average rating of “Hold” and an average price target of $139.33.

NYSE:TRV traded up $0.28 on Monday, hitting $136.88. 7,937 shares of the stock were exchanged, compared to its average volume of 1,327,903. The firm has a market capitalization of $35.92 billion, a PE ratio of 15.26, a P/E/G ratio of 0.97 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies has a fifty-two week low of $111.08 and a fifty-two week high of $140.03.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 11th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Friday, March 8th. Travelers Companies’s payout ratio is 34.45%.

In other news, Vice Chairman William H. Heyman sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $133.55, for a total value of $467,425.00. Following the completion of the sale, the insider now owns 243,245 shares of the company’s stock, valued at $32,485,369.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 8,323 shares of the company’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $125.54, for a total value of $1,044,869.42. Following the completion of the sale, the insider now directly owns 239,744 shares of the company’s stock, valued at approximately $30,097,461.76. The disclosure for this sale can be found here. Insiders sold 118,894 shares of company stock valued at $15,566,097 in the last ninety days. Company insiders own 0.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TRV. Fulton Bank N.A. boosted its holdings in Travelers Companies by 2.8% in the first quarter. Fulton Bank N.A. now owns 7,329 shares of the insurance provider’s stock valued at $1,005,000 after purchasing an additional 200 shares during the last quarter. Deutsche Bank AG boosted its holdings in Travelers Companies by 14.9% in the fourth quarter. Deutsche Bank AG now owns 1,188,106 shares of the insurance provider’s stock valued at $142,267,000 after purchasing an additional 154,138 shares during the last quarter. Machina Capital S.A.S. purchased a new position in Travelers Companies in the fourth quarter valued at about $918,000. Pinnacle Bank purchased a new position in Travelers Companies in the fourth quarter valued at about $545,000. Finally, American Century Companies Inc. boosted its holdings in Travelers Companies by 253.6% in the fourth quarter. American Century Companies Inc. now owns 1,082,948 shares of the insurance provider’s stock valued at $129,683,000 after purchasing an additional 776,679 shares during the last quarter. 80.30% of the stock is owned by institutional investors.

About Travelers Companies

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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