Travelers Companies (TRV) to Release Quarterly Earnings on Wednesday

Travelers Companies (NYSE:TRV) is anticipated to release its earnings data before the market opens on Wednesday, April 16th. Analysts expect Travelers Companies to post earnings of $0.53 per share and revenue of $10.97 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company earned $7.01 EPS. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts expect Travelers Companies to post $17 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Travelers Companies Stock Performance

Shares of TRV stock opened at $244.96 on Monday. The company has a market capitalization of $55.54 billion, a P/E ratio of 11.41, a PEG ratio of 4.65 and a beta of 0.48. Travelers Companies has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a 50 day moving average price of $251.59 and a two-hundred day moving average price of $248.93.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Institutional Investors Weigh In On Travelers Companies

A hedge fund recently raised its stake in Travelers Companies stock. Brighton Jones LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 13.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,277 shares of the insurance provider’s stock after purchasing an additional 387 shares during the period. Brighton Jones LLC’s holdings in Travelers Companies were worth $789,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TRV. Jefferies Financial Group raised their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets raised their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, UBS Group reduced their target price on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $263.37.

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.