Brokerages Expect Travelers Companies Inc (TRV) Will Announce Quarterly Sales of $7.75 Billion

Analysts expect that Travelers Companies Inc (NYSE:TRV) will announce $7.75 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Travelers Companies’ earnings, with estimates ranging from $7.66 billion to $7.80 billion. Travelers Companies posted sales of $7.44 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.2%. The business is scheduled to issue its next quarterly earnings results on Thursday, July 18th.

According to Zacks, analysts expect that Travelers Companies will report full year sales of $31.02 billion for the current fiscal year, with estimates ranging from $30.75 billion to $31.30 billion. For the next financial year, analysts forecast that the company will post sales of $32.43 billion, with estimates ranging from $32.15 billion to $32.58 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Travelers Companies.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.07. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.94 billion. During the same period in the prior year, the firm earned $2.46 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year.

A number of analysts recently weighed in on TRV shares. Credit Suisse Group restated a “neutral” rating on shares of Travelers Companies in a research note on Wednesday, January 23rd. Zacks Investment Research raised Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 price target for the company in a report on Tuesday, March 26th. MKM Partners upped their price target on Travelers Companies to $140.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Barclays upped their price target on Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Finally, Wells Fargo & Co set a $130.00 price target on Travelers Companies and gave the company a “hold” rating in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $140.58.

Shares of TRV stock traded up $0.68 during trading hours on Friday, reaching $148.17. 1,440,500 shares of the stock were exchanged, compared to its average volume of 1,368,939. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38. Travelers Companies has a 12-month low of $111.08 and a 12-month high of $148.85. The firm has a market capitalization of $38.63 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.34 and a beta of 1.08.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.21%. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s dividend payout ratio is 34.45%.

In other news, Vice Chairman William H. Heyman sold 10,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $147.75, for a total value of $1,477,500.00. Following the completion of the sale, the insider now directly owns 247,245 shares of the company’s stock, valued at $36,530,448.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 4,850 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $131.26, for a total value of $636,611.00. Following the completion of the sale, the executive vice president now directly owns 3,545 shares of the company’s stock, valued at $465,316.70. The disclosure for this sale can be found here. Insiders sold 299,026 shares of company stock valued at $41,533,619 over the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Interactive Financial Advisors acquired a new stake in shares of Travelers Companies in the first quarter valued at approximately $27,000. Buffington Mohr McNeal acquired a new stake in shares of Travelers Companies in the first quarter valued at approximately $28,000. McIlrath & Eck LLC boosted its holdings in shares of Travelers Companies by 92.4% in the first quarter. McIlrath & Eck LLC now owns 227 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 109 shares during the period. Farmers National Bank acquired a new stake in shares of Travelers Companies in the first quarter valued at approximately $31,000. Finally, Sontag Advisory LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $27,000. 80.56% of the stock is 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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