Travelers Companies (TRV) Expected to Announce Quarterly Earnings on Wednesday

Travelers Companies (NYSE:TRV) is expected to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $6.50 per share and revenue of $10,795,375.00 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 earnings per share. On average, analysts expect Travelers Companies to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $239.65 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a market cap of $54.41 billion, a PE ratio of 12.29, a P/E/G ratio of 1.01 and a beta of 0.65. The business has a 50 day moving average of $249.57 and a 200 day moving average of $235.96. Travelers Companies has a 52 week low of $195.57 and a 52 week high of $269.55.

Analysts Set New Price Targets

TRV has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Travelers Companies from $217.00 to $213.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. BMO Capital Markets increased their price objective on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Tuesday, December 10th. Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Finally, Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $254.65.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $5,840,163.66. This trade represents a 30.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,684 shares of company stock valued at $8,728,319 over the last quarter. 1.33% of the stock is currently owned by company insiders.

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.