Wall Street brokerages expect Travelers Companies Inc (NYSE:TRV) to post $7.86 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Travelers Companies’ earnings. The highest sales estimate is $7.93 billion and the lowest is $7.74 billion. Travelers Companies posted sales of $7.69 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 17th.

On average, analysts expect that Travelers Companies will report full-year sales of $31.05 billion for the current year, with estimates ranging from $30.72 billion to $31.37 billion. For the next year, analysts expect that the business will report sales of $32.51 billion, with estimates ranging from $32.38 billion to $32.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Travelers Companies.

Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The business had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the prior year, the business earned $1.81 EPS. Travelers Companies’s revenue for the quarter was up 4.4% compared to the same quarter last year.

A number of research analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Travelers Companies from $140.00 to $136.00 and set an “underweight” rating for the company in a research note on Thursday, August 15th. Keefe, Bruyette & Woods cut shares of Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 target price on the stock. in a report on Wednesday, June 5th. ValuEngine downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Buckingham Research lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a report on Friday, July 19th. Finally, Barclays set a $177.00 price target on Travelers Companies and gave the company a “buy” rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $148.78.

In related news, Vice Chairman Jay S. Benet sold 21,972 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $146.59, for a total transaction of $3,220,875.48. Following the completion of the transaction, the insider now directly owns 94,588 shares in the company, valued at $13,865,654.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 7,500 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $149.50, for a total value of $1,121,250.00. Following the transaction, the insider now owns 242,245 shares of the company’s stock, valued at $36,215,627.50. The disclosure for this sale can be found here. Insiders sold a total of 56,566 shares of company stock worth $8,347,056 over the last quarter. Corporate insiders own 0.73% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Next Capital Management LLC bought a new stake in Travelers Companies during the second quarter valued at approximately $25,000. Virtus ETF Advisers LLC purchased a new stake in shares of Travelers Companies during the 2nd quarter valued at $25,000. Krane Funds Advisors LLC bought a new stake in shares of Travelers Companies during the 2nd quarter worth $25,000. Advantage Investment Management LLC bought a new stake in shares of Travelers Companies during the 2nd quarter worth $25,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Travelers Companies during the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 81.41% of the company’s stock.

Shares of TRV stock traded down $0.34 during trading on Friday, reaching $146.23. 1,406,102 shares of the company’s stock traded hands, compared to its average volume of 1,309,924. The firm’s 50-day moving average is $147.69 and its 200 day moving average is $144.11. The company has a market capitalization of $38.02 billion, a P/E ratio of 16.36, a PEG ratio of 1.41 and a beta of 0.93. Travelers Companies has a 1 year low of $111.08 and a 1 year high of $155.09. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.26.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Monday, September 9th. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.

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.

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Earnings History and Estimates for Travelers Companies (NYSE:TRV)

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