Travelers Companies Inc (NYSE:TRV) – Analysts at Langen Mcalenn decreased their Q4 2017 earnings per share (EPS) estimates for Travelers Companies in a research report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings of $1.23 per share for the quarter, down from their previous estimate of $1.69. Langen Mcalenn also issued estimates for Travelers Companies’ FY2018 earnings at $11.50 EPS.
Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.19). The company had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $2.40 earnings per share.
Other equities analysts have also issued reports about the stock. B. Riley reissued a “neutral” rating on shares of Travelers Companies in a report on Monday, November 6th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $152.00 price objective on shares of Travelers Companies in a report on Wednesday, December 6th. Royal Bank of Canada lifted their price objective on shares of Travelers Companies to $140.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Wells Fargo & Co set a $125.00 price objective on shares of Travelers Companies and gave the company a “hold” rating in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Travelers Companies has a consensus rating of “Hold” and a consensus price target of $134.38.
Travelers Companies (NYSE TRV) opened at $137.34 on Thursday. The company has a market cap of $37,590.00, a P/E ratio of 15.90, a PEG ratio of 1.89 and a beta of 1.25. Travelers Companies has a 1 year low of $113.76 and a 1 year high of $137.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Carnick & Kubik Group LLC acquired a new stake in shares of Travelers Companies during the third quarter worth $758,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Travelers Companies during the third quarter worth $78,058,000. Point72 Asset Management L.P. acquired a new stake in shares of Travelers Companies during the third quarter worth $8,254,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Travelers Companies by 4.6% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 58,457 shares of the insurance provider’s stock worth $7,162,000 after buying an additional 2,567 shares during the period. Finally, Vaughan David Investments Inc. IL lifted its stake in shares of Travelers Companies by 1,454.3% during the third quarter. Vaughan David Investments Inc. IL now owns 219,728 shares of the insurance provider’s stock worth $26,387,000 after buying an additional 205,591 shares during the period. Institutional investors own 78.50% of the company’s stock.
In other Travelers Companies news, EVP Maria Olivo sold 33,225 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total value of $4,458,130.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andy F. Bessette sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total transaction of $265,960.00. Following the completion of the sale, the executive vice president now owns 8,000 shares of the company’s stock, valued at $1,063,840. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,302 shares of company stock valued at $7,347,753. 0.82% of the stock is owned by insiders.
Travelers Companies announced that its board has approved a stock buyback program on Thursday, November 9th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
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Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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