Wall Street analysts expect that Travelers Companies Inc (NYSE:TRV) will announce $7.14 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Travelers Companies’ earnings, with the lowest sales estimate coming in at $6.94 billion and the highest estimate coming in at $7.24 billion. Travelers Companies posted sales of $7.16 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 0.3%. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, January 23rd.
On average, analysts expect that Travelers Companies will report full year sales of $7.14 billion for the current fiscal year, with estimates ranging from $27.40 billion to $28.54 billion. For the next fiscal year, analysts expect that the company will post sales of $28.92 billion per share, with estimates ranging from $28.33 billion to $29.58 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Travelers Companies.
Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The business had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the firm earned $2.40 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year.
In related news, EVP Michael Frederick Klein sold 20,077 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the transaction, the executive vice president now directly owns 21,619 shares of the company’s stock, valued at $2,825,170.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Olivo sold 33,225 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total transaction of $4,458,130.50. The disclosure for this sale can be found here. Insiders have sold 55,302 shares of company stock worth $7,347,753 in the last 90 days. 0.82% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tradewinds Capital Management LLC grew its position in Travelers Companies by 1.1% during the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 10 shares in the last quarter. Community Bank N.A. grew its position in Travelers Companies by 0.7% during the second quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock valued at $181,000 after purchasing an additional 10 shares in the last quarter. First Business Financial Services Inc. grew its position in Travelers Companies by 0.5% during the second quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock valued at $552,000 after purchasing an additional 20 shares in the last quarter. Lee Danner & Bass Inc. grew its position in Travelers Companies by 0.4% during the second quarter. Lee Danner & Bass Inc. now owns 6,574 shares of the insurance provider’s stock valued at $832,000 after purchasing an additional 24 shares in the last quarter. Finally, TCI Wealth Advisors Inc. grew its position in Travelers Companies by 1.0% during the second quarter. TCI Wealth Advisors Inc. now owns 3,032 shares of the insurance provider’s stock valued at $384,000 after purchasing an additional 29 shares in the last quarter. 78.67% of the stock is currently owned by hedge funds and other institutional investors.
Travelers Companies (NYSE:TRV) traded up $2.31 during midday trading on Friday, hitting $134.89. 2,998,630 shares of the company were exchanged, compared to its average volume of 1,600,000. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41. Travelers Companies has a twelve month low of $113.76 and a twelve month high of $137.95. The company has a market cap of $36,920.00, a P/E ratio of 16.47, a P/E/G ratio of 2.66 and a beta of 1.25.
Travelers Companies announced that its board has initiated a share buyback plan on Monday, September 11th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.72 per share. The ex-dividend date is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.14%. Travelers Companies’s dividend payout ratio is currently 33.29%.
About 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.
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