Travelers Companies (TRV) to Release Quarterly Earnings on Wednesday

Travelers Companies (NYSE:TRV - Get Free Report) is anticipated to announce its earnings results before the market opens on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $10.97 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.01 earnings per share. On average, analysts expect Travelers Companies to post $17 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Travelers Companies Price Performance

Shares of NYSE TRV traded down $0.21 during midday trading on Friday, hitting $244.96. The stock had a trading volume of 1,367,015 shares, compared to its average volume of 1,304,761. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a market capitalization of $55.54 billion, a PE ratio of 11.41, a P/E/G ratio of 4.65 and a beta of 0.48. The stock has a 50 day simple moving average of $251.59 and a 200-day simple moving average of $248.93.

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Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $1.05 dividend. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. Travelers Companies's payout ratio is currently 19.56%.

Hedge Funds Weigh In On Travelers Companies

An institutional investor recently bought a new position 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,146 shares of the insurance provider's stock, valued at approximately $276,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Jefferies Financial Group increased their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, UBS Group cut their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $263.37.

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.