Q2 2019 EPS Estimates for Travelers Companies Inc (TRV) Lowered by Analyst

Travelers Companies Inc (NYSE:TRV) – Stock analysts at Langen Mcalenn lowered their Q2 2019 earnings estimates for Travelers Companies in a research report issued on Tuesday, April 23rd. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will post earnings per share of $2.43 for the quarter, down from their previous forecast of $2.58. Langen Mcalenn also issued estimates for Travelers Companies’ Q4 2019 earnings at $3.97 EPS, FY2019 earnings at $11.65 EPS and Q2 2020 earnings at $2.67 EPS.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.07. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.94 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 EPS.

TRV has been the topic of a number of other research reports. Zacks Investment Research lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Wells Fargo & Co set a $130.00 price objective on Travelers Companies and gave the company a “hold” rating in a research report on Wednesday, January 23rd. Barclays upgraded Travelers Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $135.00 to $145.00 in a research report on Wednesday, January 9th. MKM Partners lifted their price objective on Travelers Companies to $140.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Morgan Stanley cut their price objective on Travelers Companies from $126.00 to $119.00 and set an “underweight” rating for the company in a research report on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $141.08.

TRV opened at $139.19 on Wednesday. The company has a market capitalization of $36.15 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.25 and a beta of 1.07. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29. Travelers Companies has a 12-month low of $111.08 and a 12-month high of $141.52.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.36%. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s payout ratio is presently 34.45%.

In other news, CEO Alan D. Schnitzer sold 66,228 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the completion of the sale, the chief executive officer now owns 134,252 shares in the company, valued at $17,750,799.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Jay S. Benet sold 60,979 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $137.46, for a total value of $8,382,173.34. Following the sale, the insider now owns 146,845 shares of the company’s stock, valued at approximately $20,185,313.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,550 shares of company stock valued at $22,903,401. 0.73% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in TRV. Oregon Public Employees Retirement Fund raised its position in shares of Travelers Companies by 11,730.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 3,495,996 shares during the last quarter. Norges Bank bought a new stake in shares of Travelers Companies during the fourth quarter worth $143,417,000. Eidelman Virant Capital bought a new stake in shares of Travelers Companies during the fourth quarter worth $3,855,000. American Century Companies Inc. raised its position in shares of Travelers Companies by 253.6% during the fourth quarter. American Century Companies Inc. now owns 1,082,948 shares of the insurance provider’s stock worth $129,683,000 after acquiring an additional 776,679 shares during the last quarter. Finally, Federated Investors Inc. PA raised its position in shares of Travelers Companies by 81.5% during the third quarter. Federated Investors Inc. PA now owns 1,118,357 shares of the insurance provider’s stock worth $145,062,000 after acquiring an additional 502,287 shares during the last quarter. Institutional investors own 80.58% of the company’s stock.

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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