Q2 2024 EPS Estimates for The Travelers Companies, Inc. (NYSE:TRV) Increased by Analyst

The Travelers Companies, Inc. (NYSE:TRV) – Analysts at Zacks Research boosted their Q2 2024 earnings estimates for shares of Travelers Companies in a report issued on Monday, June 17th. Zacks Research analyst T. De now expects that the insurance provider will earn $3.02 per share for the quarter, up from their previous estimate of $2.99. The consensus estimate for Travelers Companies’ current full-year earnings is $17.86 per share. Zacks Research also issued estimates for Travelers Companies’ Q3 2024 earnings at $3.65 EPS, FY2024 earnings at $17.10 EPS, Q2 2025 earnings at $5.28 EPS, Q3 2025 earnings at $4.48 EPS, FY2025 earnings at $19.56 EPS and FY2026 earnings at $23.55 EPS.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $4.11 earnings per share.

Several other brokerages have also weighed in on TRV. Roth Mkm reiterated a “buy” rating and set a $240.00 price objective on shares of Travelers Companies in a report on Thursday, April 18th. Morgan Stanley lifted their price objective on shares of Travelers Companies from $214.00 to $216.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Piper Sandler reissued a “neutral” rating and set a $213.00 price target on shares of Travelers Companies in a research report on Monday, April 1st. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. Finally, The Goldman Sachs Group boosted their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $222.65.

Travelers Companies Price Performance

Travelers Companies stock opened at $208.51 on Wednesday. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $232.75. The stock has a market capitalization of $47.75 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.08 and a beta of 0.62. The firm’s 50-day moving average is $213.66 and its two-hundred day moving average is $210.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Northwest Financial Advisors bought a new position in shares of Travelers Companies in the fourth quarter worth $32,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies during the first quarter valued at $35,000. Beacon Capital Management LLC boosted its stake in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the period. Private Wealth Management Group LLC bought a new stake in Travelers Companies during the fourth quarter valued at $39,000. Finally, Valued Wealth Advisors LLC bought a new stake in Travelers Companies during the fourth quarter valued at $40,000. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the sale, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,635 shares of company stock valued at $3,980,827. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.01%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is 31.20%.

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.