Q2 2023 Earnings Estimate for The Travelers Companies, Inc. Issued By Jefferies Financial Group (NYSE:TRV)

Posted by on Apr 13th, 2023

The Travelers Companies, Inc. (NYSE:TRV – Get Rating) – Equities research analysts at Jefferies Financial Group boosted their Q2 2023 earnings per share (EPS) estimates for Travelers Companies in a research note issued to investors on Monday, April 10th. Jefferies Financial Group analyst Y. Kinar now anticipates that the insurance provider will earn $2.10 per share for the quarter, up from their previous forecast of $1.99. Jefferies Financial Group currently has a “Hold” rating and a $182.00 target price on the stock. The consensus estimate for Travelers Companies’ current full-year earnings is $14.11 per share. Jefferies Financial Group also issued estimates for Travelers Companies’ Q4 2023 earnings at $5.83 EPS and FY2023 earnings at $14.25 EPS.

Travelers Companies (NYSE:TRV – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The insurance provider reported $3.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.40. Travelers Companies had a net margin of 7.71% and a return on equity of 13.34%. The firm had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same quarter last year, the business earned $5.20 EPS. The company’s revenue was up 10.4% compared to the same quarter last year.

Several other research firms have also issued reports on TRV. Wells Fargo & Company raised their price target on shares of Travelers Companies from $181.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 5th. Barclays lowered their price target on shares of Travelers Companies from $196.00 to $179.00 in a report on Wednesday. Royal Bank of Canada raised their price target on shares of Travelers Companies from $190.00 to $195.00 in a report on Wednesday, January 25th. BMO Capital Markets assumed coverage on shares of Travelers Companies in a research note on Thursday, January 19th. They issued an “outperform” rating and a $212.00 price objective for the company. Finally, Raymond James lifted their price objective on shares of Travelers Companies from $200.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $191.00.

Travelers Companies Stock Up 0.2 %

Travelers Companies stock opened at $173.84 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies has a 52-week low of $149.65 and a 52-week high of $194.51. The firm has a 50 day moving average price of $177.34 and a two-hundred day moving average price of $179.64. The firm has a market cap of $40.35 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.13 and a beta of 0.60.

Hedge Funds Weigh In On Travelers Companies

A number of hedge funds have recently bought and sold shares of TRV. Fairfield Bush & CO. purchased a new position in Travelers Companies during the 1st quarter worth $160,000. Cibc World Market Inc. boosted its holdings in Travelers Companies by 28.8% during the 1st quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock worth $1,084,000 after acquiring an additional 1,327 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in Travelers Companies by 1.0% during the 1st quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock worth $2,210,000 after acquiring an additional 115 shares during the last quarter. Blair William & Co. IL boosted its holdings in Travelers Companies by 40.6% during the 1st quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock worth $9,420,000 after acquiring an additional 14,873 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Travelers Companies by 5.0% during the 1st quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock worth $4,952,000 after acquiring an additional 1,286 shares during the last quarter. 81.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 9,000 shares of Travelers Companies stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $191.42, for a total value of $1,722,780.00. Following the completion of the sale, the insider now owns 251,605 shares of the company’s stock, valued at approximately $48,162,229.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Travelers Companies news, CEO Alan D. Schnitzer sold 150,829 shares of Travelers Companies stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $188.53, for a total transaction of $28,435,791.37. Following the transaction, the chief executive officer now directly owns 196,914 shares of the company’s stock, valued at approximately $37,124,196.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 9,000 shares of Travelers Companies stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $191.42, for a total transaction of $1,722,780.00. Following the transaction, the insider now directly owns 251,605 shares in the company, valued at $48,162,229.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 188,163 shares of company stock valued at $35,402,200. 1.07% of the stock is owned by company insiders.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 10th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Thursday, March 9th. Travelers Companies’s payout ratio is currently 31.66%.

Travelers Companies Company Profile

(Get Rating)

The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment provides an array of property and casualty insurance, and insurance related services to its customers primarily in the U.S., as well as in Canada, the United Kingdom, the Republic of Ireland and throughout other parts of the world as a corporate member of Lloyd’s.

Featured Articles

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

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.