Jefferies Financial Group Research Analysts Decrease Earnings Estimates for The Travelers Companies, Inc. (NYSE:TRV)

The Travelers Companies, Inc. (NYSE:TRVGet Rating) – Jefferies Financial Group decreased their FY2022 EPS estimates for shares of Travelers Companies in a research note issued to investors on Tuesday, January 17th. Jefferies Financial Group analyst Y. Kinar now forecasts that the insurance provider will earn $12.40 per share for the year, down from their previous estimate of $13.75. The consensus estimate for Travelers Companies’ current full-year earnings is $13.21 per share. Jefferies Financial Group also issued estimates for Travelers Companies’ Q4 2022 earnings at $3.40 EPS and Q4 2023 earnings at $5.81 EPS.

TRV has been the subject of several other research reports. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th. Raymond James lifted their price target on shares of Travelers Companies from $185.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 20th. Barclays lowered their price objective on shares of Travelers Companies from $197.00 to $196.00 and set an “equal weight” rating on the stock in a report on Thursday. MKM Partners boosted their target price on shares of Travelers Companies from $185.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 1st. Finally, Royal Bank of Canada lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $186.53.

Travelers Companies Trading Up 0.7 %

Shares of TRV stock opened at $185.33 on Friday. The stock has a market cap of $43.43 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 2.40 and a beta of 0.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a fifty day moving average of $187.36 and a 200-day moving average of $173.19. Travelers Companies has a 52-week low of $149.65 and a 52-week high of $194.45.

Travelers Companies (NYSE:TRVGet Rating) last issued its quarterly earnings results on Wednesday, October 19th. The insurance provider reported $2.20 earnings per share 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 firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $8.58 billion. During the same period in the prior year, the firm earned $2.60 EPS. The business’s revenue was up 10.5% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TRV. ACG Wealth purchased a new stake in Travelers Companies in the second quarter worth about $25,000. First PREMIER Bank bought a new stake in shares of Travelers Companies in the 3rd quarter valued at approximately $26,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Travelers Companies by 57.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 183 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $33,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $34,000. 81.59% of the stock is owned by institutional investors.

Insider Activity

In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 5,234 shares of Travelers Companies stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $188.48, for a total value of $986,504.32. Following the transaction, the executive vice president now directly owns 48,756 shares of the company’s stock, valued at approximately $9,189,530.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,000 shares of the business’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $180.00, for a total value of $180,000.00. Following the sale, the insider now directly owns 251,605 shares of the company’s stock, valued at $45,288,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $986,504.32. Following the completion of the sale, the executive vice president now directly owns 48,756 shares in the company, valued at $9,189,530.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,485 shares of company stock worth $14,105,670. 1.07% of the stock is currently owned by insiders.

Travelers Companies Company Profile

(Get Rating)

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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