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

Travelers Companies (NYSE:TRV) announced 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 return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter last year, the company earned $4.11 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year.

Travelers Companies Trading Up 1.9 %

Shares of TRV stock opened at $210.46 on Friday. The firm has a fifty day moving average of $221.80 and a 200-day 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 debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $48.22 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 1.08 and a beta of 0.58.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a yield of 2.00%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is currently 29.72%.

Wall Street Analyst Weigh In

TRV has been the topic of several analyst reports. 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 research report on Monday, April 8th. Piper Sandler reissued a “neutral” rating and issued a $213.00 price objective on shares of Travelers Companies in a research note on Monday, April 1st. HSBC boosted their target price on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a report on Thursday, April 4th. UBS Group increased their price target on Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, January 23rd. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $218.39.

Insider Buying and Selling at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Vice Chairman William H. Heyman sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,775 shares of company stock worth $23,343,903. Insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

Several institutional investors and hedge funds have recently made changes to their positions in TRV. FWL Investment Management LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth $28,000. Quarry LP acquired a new position in shares of Travelers Companies during the 1st quarter worth about $31,000. AM Squared Ltd bought a new stake in shares of Travelers Companies in the 1st quarter valued at about $34,000. Tyler Stone Wealth Management acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $46,000. Finally, Altshuler Shaham Ltd bought a new position in Travelers Companies during the 4th quarter worth approximately $46,000. Institutional investors own 82.45% of the company’s stock.

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.