Travelers Companies (TRV) Set to Announce Earnings on Thursday

Travelers Companies (NYSE:TRV) will issue its quarterly earnings data before the market opens on Thursday, October 17th. Analysts expect the company to announce earnings of $3.84 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts expect Travelers Companies to post $17 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Travelers Companies Stock Up 1.5 %

Shares of Travelers Companies stock opened at $240.17 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. Travelers Companies has a 52-week low of $157.33 and a 52-week high of $243.48. The company has a market capitalization of $54.74 billion, a P/E ratio of 15.18, a P/E/G ratio of 1.23 and a beta of 0.62. The company has a 50 day moving average of $228.43 and a 200 day moving average of $218.82.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 26.55%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Morgan Stanley dropped their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Jefferies Financial Group increased their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft upped their price target on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $230.89.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.33% of the stock is currently owned by insiders.

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.