The Travelers Companies, Inc. (NYSE:TRV - Get Free Report) shares gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $239.16, but opened at $250.50. Travelers Companies shares last traded at $253.95, with a volume of 368,012 shares.
The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10,795,375 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.01 EPS.
Several research analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Bank of America lifted their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a report on Thursday, October 17th. UBS Group upped their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their price target on Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Finally, StockNews.com upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus target price of $254.65.
Check Out Our Latest Analysis on Travelers Companies
In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,684 shares of company stock valued at $5,384,969 in the last ninety days. Company insiders own 1.33% of the company's stock.
A number of hedge funds have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in shares of Travelers Companies by 40.5% in the 4th quarter. Blue Trust Inc. now owns 7,088 shares of the insurance provider's stock worth $1,660,000 after buying an additional 2,042 shares during the last quarter. Legacy Financial Group LLC purchased a new position in shares of Travelers Companies during the 4th quarter worth about $628,000. Grimes & Company Inc. grew its holdings in Travelers Companies by 3.9% during the 4th quarter. Grimes & Company Inc. now owns 2,541 shares of the insurance provider's stock valued at $612,000 after purchasing an additional 95 shares during the last quarter. Linden Thomas Advisory Services LLC raised its position in Travelers Companies by 30.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,395 shares of the insurance provider's stock worth $818,000 after purchasing an additional 800 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in Travelers Companies by 1.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,902 shares of the insurance provider's stock worth $940,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 82.45% of the company's stock.
The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company has a 50-day simple moving average of $248.81 and a 200-day simple moving average of $236.70. The firm has a market cap of $56.61 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.05 and a beta of 0.65.
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.
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 [email protected].
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.