Q2 2024 EPS Estimates for The Travelers Companies, Inc. Reduced by Roth Capital (NYSE:TRV)

The Travelers Companies, Inc. (NYSE:TRV) – Equities research analysts at Roth Capital cut their Q2 2024 EPS estimates for shares of Travelers Companies in a research note issued to investors on Thursday, April 18th. Roth Capital analyst H. Fong now forecasts that the insurance provider will earn $3.09 per share for the quarter, down from their prior estimate of $3.18. The consensus estimate for Travelers Companies’ current full-year earnings is $17.66 per share. Roth Capital also issued estimates for Travelers Companies’ Q1 2025 earnings at $6.04 EPS and FY2025 earnings at $22.00 EPS.

A number of other equities analysts have also recently issued reports on the stock. Citigroup raised their target price on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. UBS Group lowered their price objective on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday. Royal Bank of Canada cut their target price on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. Morgan Stanley upped 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, Evercore ISI dropped their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $223.18.

Travelers Companies Trading Up 0.1 %

Travelers Companies stock opened at $214.27 on Monday. Travelers Companies has a 1 year low of $157.33 and a 1 year high of $232.75. The firm’s 50-day moving average is $221.78 and its 200-day moving average is $197.48. 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 company has a market cap of $49.07 billion, a P/E ratio of 15.92, a PEG ratio of 1.12 and a beta of 0.58.

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

Institutional Investors Weigh In On Travelers Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. First Command Advisory Services Inc. acquired a new stake in Travelers Companies during the 3rd quarter worth about $26,000. Arlington Trust Co LLC purchased a new position in Travelers Companies during the 3rd quarter valued at about $27,000. Northwest Financial Advisors acquired a new position in shares of Travelers Companies in the 4th quarter valued at about $32,000. AM Squared Ltd lifted its position in shares of Travelers Companies by 100.0% in the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth approximately $39,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,734 shares of company stock valued at $14,637,364. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders 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 annualized dividend and a dividend yield of 1.96%. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

About Travelers Companies

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.