Travelers Companies (NYSE:TRV) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Travelers Companies (NYSE:TRV) released its quarterly earnings results on Wednesday. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06), RTT News reports. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same period in the previous year, the company earned $4.11 EPS. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year.

Travelers Companies Trading Up 1.4 %

TRV traded up $3.04 during trading on Friday, reaching $213.46. The company had a trading volume of 327,803 shares, compared to its average volume of 1,485,152. The stock has a market cap of $48.91 billion, a P/E ratio of 15.73, a PEG ratio of 1.08 and a beta of 0.58. The business has a 50 day simple moving average of $221.80 and a 200-day simple moving average of $196.27. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies Increases Dividend

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 $1.05 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio is currently 29.72%.

Analyst Ratings Changes

TRV has been the subject of several research reports. UBS Group upped their price target on shares of Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods reduced their target price on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday. Citigroup increased their target price on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $220.78.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Donnay Rowland sold 10,181 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $214.00, for a total value of $2,178,734.00. Following the completion of the sale, the executive vice president now owns 7,865 shares of the company’s stock, valued at $1,683,110. The disclosure for this sale can be found here. Insiders sold a total of 109,775 shares of company stock worth $23,343,903 over the last three months. 1.33% of the stock is owned by insiders.

Institutional Trading of Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in TRV. Fairfield Bush & CO. bought a new stake in shares of Travelers Companies during the first quarter worth $160,000. Cibc World Market Inc. increased its stake in shares of Travelers Companies by 28.8% during the first quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock valued at $1,084,000 after buying an additional 1,327 shares during the period. Vontobel Holding Ltd. grew its stake in Travelers Companies by 1.0% in the first quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock valued at $2,210,000 after purchasing an additional 115 shares during the last quarter. Blair William & Co. IL grew its stake in Travelers Companies by 40.6% in the first quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock valued at $9,420,000 after purchasing an additional 14,873 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Travelers Companies by 5.0% in the first quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock valued at $4,952,000 after purchasing an additional 1,286 shares during the last quarter. 82.45% of the stock is currently 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.