The Travelers Companies, Inc. (NYSE:TRV) Announces Earnings Results

The Travelers Companies, Inc. (NYSE:TRV) posted its quarterly earnings results on Thursday. The insurance provider reported $1.92 EPS for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15, Bloomberg Earnings reports. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The Travelers Companies’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.20 earnings per share.

Shares of The Travelers Companies (TRV) opened at 125.15 on Friday. The stock has a 50 day moving average price of $126.44 and a 200 day moving average price of $122.05. The company has a market capitalization of $34.97 billion, a PE ratio of 12.31 and a beta of 1.21. The Travelers Companies has a one year low of $103.45 and a one year high of $129.60.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 annualized dividend and a dividend yield of 2.30%. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

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A number of equities research analysts have commented on TRV shares. Citigroup Inc. raised their price target on The Travelers Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Friday, April 7th. Argus raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Monday, April 24th. Royal Bank Of Canada reissued a “buy” rating and set a $126.00 price target on shares of The Travelers Companies in a report on Monday, May 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $115.00 price target on shares of The Travelers Companies in a report on Thursday, May 25th. Finally, BidaskClub raised The Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $123.47.

The Travelers Companies announced that its Board of Directors has initiated a stock buyback program on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

In related news, EVP John P. Clifford, Jr. sold 5,500 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $120.92, for a total transaction of $665,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $125.66, for a total transaction of $693,391.88. Following the transaction, the insider now owns 82,824 shares of the company’s stock, valued at approximately $10,407,663.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,264 shares of company stock valued at $23,233,448. Insiders own 0.82% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in TRV. CWM LLC increased its stake in The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after buying an additional 37 shares during the last quarter. Westside Investment Management Inc. increased its stake in The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after buying an additional 686 shares during the last quarter. First Personal Financial Services increased its stake in The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after buying an additional 508 shares during the last quarter. Liberty Capital Management Inc. increased its stake in The Travelers Companies by 434.8% in the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock worth $154,000 after buying an additional 1,000 shares during the last quarter. Finally, Bartlett & Co. LLC increased its stake in The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock worth $169,000 after buying an additional 323 shares during the last quarter. Institutional investors own 77.92% of the company’s stock.

About The Travelers Companies

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.