The Travelers Companies, Inc. (NYSE:TRV) Forecasted to Earn Q3 2024 Earnings of $4.75 Per Share

The Travelers Companies, Inc. (NYSE:TRV) – Equities research analysts at Roth Capital lifted their Q3 2024 earnings estimates for shares of Travelers Companies in a report released on Thursday, April 18th. Roth Capital analyst H. Fong now anticipates that the insurance provider will post earnings per share of $4.75 for the quarter, up from their prior estimate of $4.49. The consensus estimate for Travelers Companies’ current full-year earnings is $17.66 per share. Roth Capital also issued estimates for Travelers Companies’ Q4 2024 earnings at $6.37 EPS, FY2024 earnings at $18.90 EPS, Q2 2025 earnings at $3.78 EPS, Q3 2025 earnings at $5.27 EPS and Q4 2025 earnings at $6.92 EPS.

Several other equities research analysts also recently commented on TRV. Jefferies Financial Group cut their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research report on Friday. Keefe, Bruyette & Woods cut their target price on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research report on Thursday. UBS Group boosted their price target on shares of Travelers Companies from $205.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. Morgan Stanley boosted their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $222.88.

Travelers Companies Stock Up 1.7 %

NYSE:TRV opened at $214.07 on Friday. The firm’s 50 day simple moving average is $221.79 and its 200 day simple moving average is $196.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. Travelers Companies has a one year low of $157.33 and a one year high of $232.75. The company has a market cap of $49.02 billion, a PE ratio of 15.90, a P/E/G ratio of 1.10 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the prior year, the business earned $4.11 earnings per share. The firm’s quarterly revenue was up 15.7% on a year-over-year basis.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds have recently bought and sold shares of the company. Maryland State Retirement & Pension System boosted its holdings in Travelers Companies by 1.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 17,893 shares of the insurance provider’s stock worth $4,118,000 after acquiring an additional 288 shares during the last quarter. Veracity Capital LLC boosted its holdings in Travelers Companies by 13.2% during the 1st quarter. Veracity Capital LLC now owns 2,156 shares of the insurance provider’s stock worth $496,000 after acquiring an additional 251 shares during the last quarter. American National Bank & Trust Co. VA purchased a new position in Travelers Companies during the 1st quarter worth $727,000. First Trust Direct Indexing L.P. boosted its holdings in Travelers Companies by 10.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 9,080 shares of the insurance provider’s stock worth $2,090,000 after acquiring an additional 862 shares during the last quarter. Finally, Madrona Financial Services LLC purchased a new position in Travelers Companies during the 1st quarter worth $214,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Travelers Companies news, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the sale, the senior vice president now owns 719 shares in the company, valued at approximately $153,046.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders sold 109,775 shares of company stock worth $23,343,903 in the last quarter. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is currently 29.72%.

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.