FY2022 EPS Estimates for The Travelers Companies, Inc. (NYSE:TRV) Lowered by William Blair

The Travelers Companies, Inc. (NYSE:TRVGet Rating) – Research analysts at William Blair lowered their FY2022 earnings estimates for Travelers Companies in a report released on Wednesday, January 18th. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $12.41 per share for the year, down from their previous forecast of $14.10. The consensus estimate for Travelers Companies’ current full-year earnings is $13.21 per share. William Blair also issued estimates for Travelers Companies’ Q4 2022 earnings at $3.40 EPS.

TRV has been the subject of a number of other reports. Royal Bank of Canada upped their price target on shares of Travelers Companies from $165.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 20th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th. Raymond James upped their target price on shares of Travelers Companies from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 20th. Barclays dropped their target price on shares of Travelers Companies from $197.00 to $196.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Piper Sandler increased their price objective on shares of Travelers Companies from $182.00 to $190.00 in a research report on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $186.53.

Travelers Companies Stock Up 0.7 %

Shares of TRV stock opened at $185.33 on Friday. The stock has a market cap of $43.43 billion, a P/E ratio of 13.55, a P/E/G ratio of 2.40 and a beta of 0.65. Travelers Companies has a 12 month low of $149.65 and a 12 month high of $194.45. The company has a 50 day simple moving average of $187.36 and a two-hundred day simple moving average of $173.19. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.37.

Travelers Companies (NYSE:TRVGet Rating) last announced its earnings results on Wednesday, October 19th. The insurance provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.43. Travelers Companies had a net margin of 9.26% and a return on equity of 14.31%. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $8.58 billion. During the same period in the prior year, the company earned $2.60 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis.

Institutional Investors Weigh In On Travelers Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its position in shares of Travelers Companies by 5.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,376,802 shares of the insurance provider’s stock valued at $1,247,639,000 after acquiring an additional 370,993 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of Travelers Companies during the third quarter worth approximately $42,750,000. Barclays PLC increased its stake in shares of Travelers Companies by 74.7% during the third quarter. Barclays PLC now owns 625,735 shares of the insurance provider’s stock worth $95,863,000 after buying an additional 267,460 shares during the period. Truist Financial Corp increased its stake in shares of Travelers Companies by 129.0% during the third quarter. Truist Financial Corp now owns 443,382 shares of the insurance provider’s stock worth $67,927,000 after buying an additional 249,765 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Travelers Companies during the third quarter worth approximately $26,472,000. Institutional investors and hedge funds own 81.59% of the company’s stock.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $189.88, for a total transaction of $379,760.00. Following the completion of the transaction, the insider now directly owns 251,605 shares of the company’s stock, valued at approximately $47,774,757.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $189.88, for a total value of $379,760.00. Following the completion of the sale, the insider now owns 251,605 shares of the company’s stock, valued at approximately $47,774,757.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 5,234 shares of the business’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $188.48, for a total transaction of $986,504.32. Following the completion of the sale, the executive vice president now directly owns 48,756 shares of the company’s stock, valued at approximately $9,189,530.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,485 shares of company stock valued at $14,105,670. 1.07% of the stock is owned by insiders.

Travelers Companies Company Profile

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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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