Zacks: Analysts Anticipate Travelers Companies Inc (TRV) Will Post Quarterly Sales of $7.49 Billion

Wall Street analysts expect that Travelers Companies Inc (NYSE:TRV) will announce $7.49 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 $7.40 billion and the highest estimate coming in at $7.55 billion. Travelers Companies posted sales of $7.20 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, October 18th.

On average, analysts expect that Travelers Companies will report full year sales of $29.66 billion for the current fiscal year, with estimates ranging from $29.32 billion to $29.91 billion. For the next fiscal year, analysts expect that the company will post sales of $31.14 billion, with estimates ranging from $30.73 billion to $31.49 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 announced its quarterly earnings data on Thursday, July 19th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.62). The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.35 billion. Travelers Companies had a net margin of 6.89% and a return on equity of 8.84%.

Several research analysts have recently weighed in on the company. ValuEngine downgraded Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Barclays cut their price target on Travelers Companies from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, July 9th. Citigroup set a $144.00 price target on Travelers Companies and gave the stock a “buy” rating in a research note on Thursday, July 12th. Sandler O’Neill reiterated a “hold” rating and set a $130.00 price target on shares of Travelers Companies in a research note on Friday, July 13th. Finally, Wells Fargo & Co reiterated a “hold” rating and set a $142.00 price target on shares of Travelers Companies in a research note on Thursday, July 19th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $137.93.

NYSE:TRV traded up $1.53 during trading on Wednesday, reaching $131.66. The company’s stock had a trading volume of 1,002,387 shares, compared to its average volume of 1,578,228. The company has a market capitalization of $34.72 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies has a 12 month low of $120.74 and a 12 month high of $150.55.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Monday, September 10th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, September 7th. This represents a $3.08 annualized dividend and a dividend yield of 2.34%. Travelers Companies’s payout ratio is 42.31%.

In related news, Vice Chairman Jay S. Benet sold 8,876 shares of the stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the sale, the insider now owns 94,176 shares of the company’s stock, valued at approximately $12,431,232. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andy F. Bessette sold 8,892 shares of the stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $130.78, for a total value of $1,162,895.76. Following the sale, the executive vice president now directly owns 10,551 shares in the company, valued at approximately $1,379,859.78. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of TRV. Old Mutual Global Investors UK Ltd. raised its holdings in shares of Travelers Companies by 223.2% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,700,269 shares of the insurance provider’s stock valued at $236,099,000 after acquiring an additional 1,174,173 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Travelers Companies by 6.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,245,413 shares of the insurance provider’s stock valued at $152,364,000 after acquiring an additional 71,500 shares in the last quarter. FIL Ltd raised its holdings in shares of Travelers Companies by 1.9% in the 1st quarter. FIL Ltd now owns 1,154,483 shares of the insurance provider’s stock valued at $160,311,000 after acquiring an additional 22,069 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Travelers Companies by 0.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,112,712 shares of the insurance provider’s stock valued at $136,129,000 after acquiring an additional 4,546 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of Travelers Companies by 4.5% in the 2nd quarter. Boston Partners now owns 1,008,724 shares of the insurance provider’s stock valued at $123,408,000 after acquiring an additional 43,331 shares in the last quarter. 79.02% of the stock is currently owned by institutional investors and hedge funds.

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 Travelers Companies (NYSE:TRV)

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