$2.22 EPS Expected for Travelers Companies Inc (TRV) This Quarter

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Wall Street analysts expect Travelers Companies Inc (NYSE:TRV) to report earnings of $2.22 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Travelers Companies’ earnings, with estimates ranging from $1.95 to $2.44. Travelers Companies posted earnings of $0.91 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 144%. The company is scheduled to announce its next earnings report before the market opens on Thursday, October 18th.

According to Zacks, analysts expect that Travelers Companies will report full year earnings of $9.95 per share for the current fiscal year, with EPS estimates ranging from $9.46 to $10.75. For the next financial year, analysts forecast that the company will post earnings of $11.39 per share, with EPS estimates ranging from $10.40 to $12.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Travelers Companies.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 18th. The insurance provider reported $2.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.33. Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%. The business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year.

Several research firms have recently commented on TRV. Zacks Investment Research cut Travelers Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. TheStreet upgraded Travelers Companies from a “c+” rating to a “b” rating in a research note on Thursday, August 30th. B. Riley upped their price target on Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Citigroup upped their price target on Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Finally, ValuEngine upgraded Travelers Companies from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $137.93.

Shares of Travelers Companies stock traded down $1.30 during trading hours on Thursday, hitting $125.14. 2,852,000 shares of the company were exchanged, compared to its average volume of 1,588,836. Travelers Companies has a 1 year low of $120.74 and a 1 year high of $150.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market capitalization of $34.72 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 8,876 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total value of $1,171,632.00. Following the completion of the transaction, the insider now owns 94,176 shares in the company, valued at $12,431,232. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andy F. Bessette sold 8,892 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $130.78, for a total value of $1,162,895.76. Following the completion of the transaction, the executive vice president now owns 10,551 shares of the company’s stock, valued at approximately $1,379,859.78. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Hartford Financial Management Inc. acquired a new stake in Travelers Companies in the second quarter valued at $205,000. Valeo Financial Advisors LLC acquired a new stake in Travelers Companies in the second quarter valued at $464,000. Nuance Investments LLC grew its holdings in Travelers Companies by 16.2% in the second quarter. Nuance Investments LLC now owns 630,719 shares of the insurance provider’s stock valued at $77,162,000 after purchasing an additional 88,049 shares during the last quarter. Sky Investment Group LLC acquired a new stake in Travelers Companies in the second quarter valued at $1,026,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Travelers Companies in the second quarter valued at $248,000. 79.02% of the stock is currently owned by institutional investors.

Travelers Companies Company Profile

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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Earnings History and Estimates for Travelers Companies (NYSE:TRV)

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