Travelers Companies (NYSE:TRV) Posts Earnings Results, Beats Estimates By $2.65 EPS

Travelers Companies (NYSE:TRV) posted its quarterly earnings results on Wednesday. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65, Zacks reports. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%.

Travelers Companies Stock Performance

TRV opened at $238.87 on Wednesday. The stock has a market cap of $54.23 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.05 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a fifty day moving average price of $249.19 and a 200 day moving average price of $236.44. Travelers Companies has a 1 year low of $200.21 and a 1 year high of $269.55.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TRV shares. Wells Fargo & Company cut their target price on shares of Travelers Companies from $217.00 to $213.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada lifted their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. Jefferies Financial Group boosted their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $254.65.

Insider Buying and Selling at Travelers Companies

In other news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 2,014 shares of Travelers Companies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,099,840. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,684 shares of company stock valued at $5,384,969. Corporate insiders own 1.33% of the company’s stock.

About Travelers Companies

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.