Travelers Companies (NYSE:TRV) Issues Earnings Results

Travelers Companies (NYSE:TRV) announced its earnings results on Wednesday. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65, Zacks reports. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $7.01 EPS.

Travelers Companies Stock Performance

TRV stock opened at $246.67 on Thursday. The company has a 50-day simple moving average of $248.61 and a 200 day simple moving average of $236.77. The company has a market capitalization of $56.00 billion, a P/E ratio of 12.65, a PEG ratio of 1.05 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. Travelers Companies has a fifty-two week low of $200.21 and a fifty-two week high of $269.55.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $4,302,736.96. The trade was a 21.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,670 shares of company stock valued at $4,861,329. Company insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TRV shares. Keefe, Bruyette & Woods reduced their price target on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a report on Friday, January 10th. Barclays reduced their target price on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a report on Monday, January 6th. BMO Capital Markets upped their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group upgraded 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 report on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $255.16.

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.