Profile
Sector:
Financial ServicesIndustry:
Insurance - Property & CasualtyCountry:
United StatesIPO:
17 November 1975Website:
http://www.travelers.comNext earnings report:
17 January 2025Last dividends:
10 September 2024Next dividends:
10 December 2024Price
after hours | Fri, 01 Nov 2024 23:43:42 GMTAnalysts recommendations
Institutional Ownership
TRV Latest News
No matter if you focus on value, growth, or momentum investing, discovering solid stocks is simpler with the Zacks Style Scores, which is a key aspect of the Zacks Premium research service.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. However, we also keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
Investors looking at Property and Casualty insurance stocks may have come across both Travelers (TRV) and CCC Intelligent Solutions Holdings Inc. (CCCS). The question is, which of these two stocks provides better value for investors at this moment?
The company released one of the more positive quarterly reports during this earnings season.
The Travelers Companies (TRV) saw its shares rise over 7% to reach a record high of $264.82 on Thursday. This increase was one of the best daily performances in the S&P 500, following the insurer's announcement of higher-than-expected profits for the third quarter.
The Travelers Companies announced impressive earnings for the third quarter, benefiting from easier comparisons to last year, with notable increases in net income and underwriting profits. Important financial figures showed an 8% rise in net written premiums and a 211% jump in net income per diluted share. Additionally, the company's combined ratio improved to 93.2%, reflecting effective profitability, while its return on equity increased to 19.2%, close to the target of 20%.
Retail sales continued to be robust in September.
TRV's results for the third quarter show an increase in their core underwriting profit and net investment income, although this was somewhat reduced by higher losses from disasters.
Travelers (TRV) reported quarterly earnings of $5.24 per share, which is higher than the Zacks Consensus Estimate of $3.79 per share. This is an increase compared to earnings of $1.95 per share from the same period last year.
Travelers (TRV) lacks the right mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.
What type of business is Travelers Companies?
Travelers Companies, Inc. is an American holding company that, along with its subsidiaries, provides a wide range of insurance services primarily in the United States. Travelers Companies, Inc. was founded in 1853 and is based in New York. The business insurance segment provides coverage for employers in case of workplace injuries to their employees, offers insurance services for damage to commercial vehicles, commercial property, specialized equipment by third parties or natural disasters. The bond and specialty insurance segment includes services for surety, property insurance, accident insurance, risk management services in the United States, as well as certain insurance products for surety and specialty insurance. The personal insurance segment offers individuals property insurance and accident insurance.
What sector is Travelers Companies in?
Travelers Companies is in the Financial Services sector
What industry is Travelers Companies in?
Travelers Companies is in the Insurance - Property & Casualty industry
What country is Travelers Companies from?
Travelers Companies is headquartered in United States
When did Travelers Companies go public?
Travelers Companies initial public offering (IPO) was on 17 November 1975
What is Travelers Companies website?
https://www.travelers.com
Is Travelers Companies in the S&P 500?
Yes, Travelers Companies is included in the S&P 500 index
Is Travelers Companies in the NASDAQ 100?
No, Travelers Companies is not included in the NASDAQ 100 index
Is Travelers Companies in the Dow Jones?
Yes, Travelers Companies is included in the Dow Jones index
When was Travelers Companies the previous earnings report?
No data
When does Travelers Companies earnings report?
The next expected earnings date for Travelers Companies is 17 January 2025