The Travelers Companies (TRV) Expected to Post Quarterly Sales of $7.24 Billion

Wall Street analysts expect The Travelers Companies (NYSE:TRV) to announce sales of $7.24 billion for the current quarter, according to Zacks. Four analysts have provided estimates for The Travelers Companies’ earnings, with the highest sales estimate coming in at $7.34 billion and the lowest estimate coming in at $7.16 billion. The Travelers Companies posted sales of $6.94 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The company is expected to issue its next earnings report before the market opens on Tuesday, April 24th.

According to Zacks, analysts expect that The Travelers Companies will report full-year sales of $29.35 billion for the current financial year, with estimates ranging from $29.08 billion to $29.70 billion. For the next financial year, analysts forecast that the company will post sales of $30.49 billion per share, with estimates ranging from $30.23 billion to $30.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow The Travelers Companies.

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The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.56 by ($0.28). The Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The business had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the prior year, the firm posted $3.20 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis.

Several research analysts have weighed in on TRV shares. Zacks Investment Research raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a research report on Wednesday, March 28th. Citigroup boosted their price objective on The Travelers Companies from $156.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, March 27th. Bank of America raised The Travelers Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Wells Fargo set a $142.00 price objective on The Travelers Companies and gave the stock a “hold” rating in a research report on Monday, April 2nd. Finally, ValuEngine cut The Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $138.07.

In related news, EVP Thomas M. Kunkel sold 9,595 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $150.09, for a total transaction of $1,440,113.55. Following the sale, the executive vice president now directly owns 28,956 shares in the company, valued at approximately $4,346,006.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andy F. Bessette sold 17,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $142.42, for a total value of $2,421,140.00. Following the sale, the executive vice president now owns 28,327 shares in the company, valued at $4,034,331.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 204,912 shares of company stock worth $29,890,095. Corporate insiders own 0.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TRV. Point72 Asset Management L.P. bought a new position in The Travelers Companies in the 3rd quarter worth about $8,254,000. Abner Herrman & Brock LLC boosted its holdings in shares of The Travelers Companies by 6.5% in the 4th quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock worth $8,529,000 after purchasing an additional 3,853 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of The Travelers Companies by 138.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,091 shares of the insurance provider’s stock worth $284,000 after purchasing an additional 1,213 shares in the last quarter. Eaton Vance Management boosted its holdings in shares of The Travelers Companies by 2.2% in the 4th quarter. Eaton Vance Management now owns 232,379 shares of the insurance provider’s stock worth $31,520,000 after purchasing an additional 4,903 shares in the last quarter. Finally, First Business Financial Services Inc. boosted its holdings in shares of The Travelers Companies by 16.9% in the 4th quarter. First Business Financial Services Inc. now owns 5,684 shares of the insurance provider’s stock worth $771,000 after purchasing an additional 822 shares in the last quarter. Institutional investors own 80.12% of the company’s stock.

TRV stock traded down $0.27 during midday trading on Friday, hitting $137.28. The company’s stock had a trading volume of 659,525 shares, compared to its average volume of 1,859,550. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.28. The Travelers Companies has a 1 year low of $113.76 and a 1 year high of $150.55. The stock has a market cap of $36,992.92, a P/E ratio of 19.03, a P/E/G ratio of 1.72 and a beta of 1.25.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 9th were paid a $0.72 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.10%. The Travelers Companies’s payout ratio is presently 39.56%.

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The 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 The Travelers Companies (NYSE:TRV)

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