Travelers Companies (NYSE:TRV) Issues Earnings Results

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

Travelers Companies Trading Up 1.9 %

Travelers Companies stock opened at $210.46 on Friday. 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 business’s 50-day simple moving average is $221.80 and its 200-day simple moving average is $196.27. The firm has a market capitalization of $48.22 billion, a PE ratio of 15.64, a PEG ratio of 1.08 and a beta of 0.58. Travelers Companies has a 52 week low of $157.33 and a 52 week high of $232.75.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, June 10th. This is a positive change 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 2.00%. Travelers Companies’s payout ratio is presently 29.72%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TRV shares. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Piper Sandler reissued a “neutral” rating and set a $213.00 price objective on shares of Travelers Companies in a research note on Monday, April 1st. Roth Mkm reissued a “buy” rating and set a $240.00 price objective on shares of Travelers Companies in a research note on Thursday. Morgan Stanley raised their price objective on Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Evercore ISI decreased their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $218.39.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the transaction, the insider now directly owns 255,178 shares in the company, valued at $54,291,671.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated 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 transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the sale, the insider now directly owns 255,178 shares in the company, valued at $54,291,671.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,775 shares of company stock worth $23,343,903. Company insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Travelers Companies

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Travelers Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 21,692,863 shares of the insurance provider’s stock worth $4,132,273,000 after buying an additional 147,806 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Travelers Companies by 56.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,766,079 shares of the insurance provider’s stock worth $1,288,871,000 after buying an additional 2,440,650 shares in the last quarter. Morgan Stanley grew its position in Travelers Companies by 19.6% during the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock worth $615,847,000 after buying an additional 539,294 shares in the last quarter. Legal & General Group Plc grew its position in Travelers Companies by 19.1% during the fourth quarter. Legal & General Group Plc now owns 2,331,662 shares of the insurance provider’s stock worth $444,158,000 after buying an additional 374,598 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Travelers Companies by 2.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock worth $257,853,000 after buying an additional 31,165 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

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.