Travelers Companies (NYSE:TRV - Get Free Report) is projected to post its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect Travelers Companies to post earnings of $6.50 per share and revenue of $10,795,375.00 billion for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.
Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts' consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies's quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.95 EPS. On average, analysts expect Travelers Companies to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.
Travelers Companies Price Performance
Shares of Travelers Companies stock traded down $2.72 on Monday, hitting $239.65. 1,346,193 shares of the company were exchanged, compared to its average volume of 993,809. Travelers Companies has a 1-year low of $195.57 and a 1-year high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $54.41 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65. The company has a 50-day moving average price of $249.57 and a 200 day moving average price of $236.18.
Insiders Place Their Bets
In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total value of $2,561,700.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $5,840,163.66. This trade represents a 30.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now directly owns 16,976 shares of the company's stock, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,684 shares of company stock worth $8,728,319 in the last quarter. 1.33% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Travelers Companies from $295.00 to $278.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Hsbc Global Res upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Wells Fargo & Company decreased their price objective on Travelers Companies from $217.00 to $213.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Finally, Bank of America upped their price target on Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research note on Thursday, October 17th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $254.65.
View Our Latest Analysis on Travelers Companies
About Travelers Companies
(
Get Free Report)
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.
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