Travelers Companies (NYSE:TRV) Announces Quarterly Earnings Results, Beats Estimates By $1.38 EPS

Travelers Companies (NYSE:TRV - Get Free Report) posted its quarterly earnings results on Wednesday. The insurance provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $1.38, RTT News reports. The business had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter last year, the company posted $4.69 earnings per share.

Travelers Companies Stock Down 1.6 %

TRV traded down $4.11 during mid-day trading on Monday, reaching $251.75. 814,966 shares of the stock were exchanged, compared to its average volume of 1,284,426. The company has a 50 day moving average price of $252.42 and a two-hundred day moving average price of $249.58. The stock has a market capitalization of $57.08 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.56.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a $1.10 dividend. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio is presently 23.95%.

Institutional Investors Weigh In On Travelers Companies

A hedge fund recently bought a new stake in Travelers Companies stock. Revolve Wealth Partners LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,146 shares of the insurance provider's stock, valued at approximately $276,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on TRV shares. BMO Capital Markets boosted their price target on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Jefferies Financial Group lifted their price target on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a research note on Wednesday, January 8th. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research report on Monday, March 24th. Finally, Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus target price of $267.32.

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.