Jefferies Financial Group Brokers Cut Earnings Estimates for The Travelers Companies, Inc. (NYSE:TRV)
→ Transform Your Portfolio With This Simple Morning Trade! (From Base Camp Trading)
The Travelers Companies, Inc. (NYSE:TRV – Get Rating) – Research analysts at Jefferies Financial Group lowered their FY2022 earnings estimates for Travelers Companies in a report released on Tuesday, January 17th. Jefferies Financial Group analyst Y. Kinar now anticipates that the insurance provider will post earnings of $12.40 per share for the year, down from their previous forecast 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.
Travelers Companies (NYSE:TRV – Get Rating) last posted its quarterly earnings data on Wednesday, October 19th. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $8.58 billion. During the same quarter in the previous year, the firm posted $2.60 earnings per share. Travelers Companies’s quarterly revenue was up 10.5% on a year-over-year basis.
Several other equities research analysts have also commented on TRV. Morgan Stanley boosted their price objective on shares of Travelers Companies from $175.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 22nd. Evercore ISI upgraded shares of Travelers Companies from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $183.00 to $220.00 in a research note on Tuesday, January 10th. Royal Bank of Canada upped their target price on shares of Travelers Companies from $165.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 20th. BMO Capital Markets assumed coverage on shares of Travelers Companies in a research note on Thursday. They issued an “outperform” rating and a $212.00 target price on the stock. Finally, StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, November 19th. One investment 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $186.53.
Travelers Companies Trading Up 0.2 %
NYSE:TRV opened at $184.04 on Friday. Travelers Companies has a one year low of $149.65 and a one year high of $194.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.34 and a quick ratio of 0.34. The company’s 50-day simple moving average is $187.29 and its 200 day simple moving average is $173.10. The firm has a market capitalization of $43.13 billion, a P/E ratio of 13.45, a PEG ratio of 2.40 and a beta of 0.65.
Insider Buying and Selling at Travelers Companies
In other Travelers Companies news, EVP Maria Olivo sold 13,516 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $179.21, for a total transaction of $2,422,202.36. Following the completion of the sale, the executive vice president now directly owns 98,675 shares of the company’s stock, valued at $17,683,546.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Vice Chairman William H. Heyman sold 2,000 shares of the 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 directly owns 251,605 shares of the company’s stock, valued at $47,774,757.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Maria Olivo sold 13,516 shares of the stock in a transaction on Monday, October 24th. The stock was sold at an average price of $179.21, for a total transaction of $2,422,202.36. Following the completion of the sale, the executive vice president now directly owns 98,675 shares of the company’s stock, valued at $17,683,546.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,485 shares of company stock valued at $14,105,670. Insiders own 1.07% of the company’s stock.
Institutional Trading of Travelers Companies
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Travelers Companies by 0.3% in the third quarter. Vanguard Group Inc. now owns 21,877,932 shares of the insurance provider’s stock worth $3,351,699,000 after purchasing an additional 61,656 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Travelers Companies by 5.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 7,376,802 shares of the insurance provider’s stock worth $1,247,639,000 after purchasing an additional 370,993 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Travelers Companies by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,195,030 shares of the insurance provider’s stock worth $489,535,000 after acquiring an additional 73,104 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Travelers Companies by 4.3% during the second quarter. Legal & General Group Plc now owns 2,348,197 shares of the insurance provider’s stock worth $397,156,000 after acquiring an additional 97,066 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Travelers Companies by 4.5% during the third quarter. UBS Asset Management Americas Inc. now owns 1,869,119 shares of the insurance provider’s stock worth $286,349,000 after acquiring an additional 80,922 shares during the last quarter. 81.59% of the stock is owned by hedge funds and other institutional investors.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Travelers Companies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Travelers Companies wasn’t on the list.
While Travelers Companies currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
