Shares of Travelers Companies Inc. TRV, +0.43% surged 6.3% into record territory in premarket trading Friday, after the property casualty insurer reported fourth-quarter profit that rose well above expectations, citing lower catastrophe losses and higher underwriting gains. Net income nearly doubled to $1.63 billion, or $6.99 a share, from $819 million, or $3.44 a share, in the year-ago period. Excluding nonrecurring items, core earnings per share of $7.01 beat the FactSet consensus of $5.10. Total revenue ...

NEW YORK--(BUSINESS WIRE)--The Travelers Companies, Inc. today reported net income of $1.626 billion, or $6.99 per diluted share, for the quarter ended December 31, 2023, compared to $819 million, or $3.44 per diluted share, in the prior year quarter. Core income in the current quarter was $1.633 billion, or $7.01 per diluted share, compared to $810 million, or $3.40 per diluted share, in the prior year quarter. Core income increased primarily due to a higher underlying underwriting gain (i.e., excluding ne ...

Investors are always looking for stocks that are poised to beat at earnings season and The Travelers Companies, Inc. (TRV) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because The Travelers is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is ...

The Travelers Companies, Inc. (TRV) is set to report fourth-quarter 2023 earnings on Jan 19. The company delivered an earnings surprise in one of the three reported quarters of 2023 while missing in the other two.Factors to ConsiderTravelers’ fourth-quarter results are likely to benefit from solid performance across its three segments.Improved pricing, solid renewal rate change, strong retention and exposure growth are likely to have favored premiums in the to-be-reported quarter. The Zacks Consensus Estima ...

Wall Street analysts forecast that Travelers (TRV) will report quarterly earnings of $4.99 per share in its upcoming release, pointing to a year-over-year increase of 46.8%. It is anticipated that revenues will amount to $10.91 billion, exhibiting an increase of 13.3% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of ...

The market expects Travelers (TRV) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 19, 2024, might help the stock move higher if these key numbers are ...

The Travelers Companies, Inc.’s (TRV) shares have gained 15.8% in the past six months compared with the industry’s growth of 8.3%. The Finance sector and the Zacks S&P 500 index have risen 8.2% and 6.1% in the said time frame, respectively.With a market capitalization of $44.5 billion, the average volume of shares traded in the last three months was 1.4 million.Image Source: Zacks Investment ResearchStrong retention rates, positive renewal premium changes, strong returns from the non-fixed income portfolio ...

HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today announced its Wednesdays with Woodward winter 2024 schedule. The webinar series, hosted by Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers, features thought leaders from both the public and private sectors discussing relevant topics for companies and consumers. “ As interest in our webinars continues to grow, ...

HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) today announced that it is now offering a new financial institutions bond specifically for asset managers. The product will help protect asset managers against financial loss caused by employee theft or third-party criminal activity and also includes coverage for social engineering fraud, a scheme where an employee is deceived into transferring funds to an illegitimate account. “We know asset managers play a pivotal role in the f ...

The Travelers Companies (TRV) closed the Corvus Insurance Holdings buyout. The transaction was announced in November 2023 for a purchase consideration of $435 million. Addition of Corvus to the acquirer’s portfolio marks its step toward enhancing its cyber capabilities, a part of its strategic growth roadmap.Corvus Insurance is a leading cyber insurance managing general underwriter powered by proprietary technology. Founded in 2017, the company developed an industry-leading suite of integrated cyber sales, ...