Company Update: The Travelers Companies Inc (NYSE:TRV) – Travelers Reports First Quarter Net and Operating Income of $2.30 and $2.33 per Diluted Share, Respectively, Including Catastrophe Losses of $0.69 per Diluted Share

[Business Wire] – The Travelers Companies, Inc. today reported net income of $691 million, or $2.30 per diluted share, for the quarter ended March 31, 2016, compared to $833 million, or $2.55, in the prior year quarter. Read more on this. The Travelers Companies, Inc. (TRV) , with a current market cap of $32.76B, began trading this morning at $111.53. During today’s session, TRV traded between $110.62 to $112.37 and has traded between $95.21 and $118.28 over the past 12 months. TRV shares are currently priced at 11.80x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.78x earnings multiple. And for passive income investors, the company pays shareholders $2.44 per share annually in dividends, yielding 2.10%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $2.55 per share, which would be $0.02 better than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $9.81, which would be a $1.06 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.00 Billion. If reported, that would be a 1.69% increase over the year-ago quarter. Recently, Piper Jaffray Initiated TRV at Neutral (Jul 17, 2015). Previously, BofA/Merrill upgraded TRV from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $112.09, which is 0.50% above than it opened this morning. See more in (NYSE:TRV) Similar Articles: Company Update: The Travelers Companies Inc (NYSE:TRV) – A.M. Best Affirms Ratings of Travelers Insurance Company Limited Stock Update: The Travelers Companies Inc (NYSE:TRV) – Michael Casella Joins Travelers as Senior Vice President, International Insurance Company Update: The Travelers Companies Inc (NYSE:TRV) – Travelers Named a 2016 Top 100 Military Friendly® Employer