Q4 2024 EPS Estimates for The Travelers Companies, Inc. (NYSE:TRV) Boosted by William Blair

The Travelers Companies, Inc. (NYSE:TRV) – William Blair increased their Q4 2024 earnings per share (EPS) estimates for shares of Travelers Companies in a report issued on Wednesday, April 17th. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $6.09 per share for the quarter, up from their previous estimate of $6.00. The consensus estimate for Travelers Companies’ current full-year earnings is $17.66 per share.

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

A number of other equities research analysts have also recently commented on TRV. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday. Evercore ISI cut their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. TD Cowen began coverage on shares of Travelers Companies in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 target price on the stock. UBS Group dropped their price target on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Roth Mkm reiterated a “buy” rating and set a $240.00 price objective on shares of Travelers Companies in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $223.18.

Travelers Companies Stock Up 0.1 %

NYSE TRV opened at $214.27 on Monday. Travelers Companies has a one year low of $157.33 and a one year high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The business has a fifty day moving average price of $221.78 and a 200 day moving average price of $197.48. The company has a market cap of $49.07 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.12 and a beta of 0.58.

Hedge Funds Weigh In On Travelers Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Travelers Companies during the fourth quarter worth approximately $282,593,000. Clearbridge Investments LLC increased its position in shares of Travelers Companies by 15.8% in the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after buying an additional 623,974 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Travelers Companies by 1,826.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after buying an additional 486,098 shares during the last quarter. International Assets Investment Management LLC increased its position in Travelers Companies by 19,918.1% during the fourth quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock worth $90,641,000 after buying an additional 473,453 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of Travelers Companies by 42.5% in the fourth quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after acquiring an additional 355,489 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated 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 directly owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Maria Olivo sold 10,553 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $212.93, for a total value of $2,247,050.29. Following the sale, the executive vice president now directly owns 103,443 shares in the company, valued at approximately $22,026,117.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value 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 $3,147,865.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,734 shares of company stock worth $14,637,364. Insiders own 1.33% of the company’s stock.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, June 7th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. Travelers Companies’s dividend payout ratio (DPR) 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.