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. The Business Insurance segment offers workers' compensation, commercial automobile and property, general liability, commercial multi-peril, employers' liability, public and product liability, professional indemnity, marine, aviation, onshore and offshore energy, construction, terrorism, personal accident, and kidnap and ransom insurance products. This segment operates through select accounts, which serve small businesses; commercial accounts that serve mid-sized businesses; national accounts, which serve large companies; and national property and other that serve large and mid-sized customers, commercial trucking industry, and agricultural businesses, as well as markets and distributes its products through brokers, wholesale agents, program managers, and specialized retail agents. The Bond & Specialty Insurance segment provides surety, fidelity, management and professional liability, and other property and casualty insurance products through independent agencies and brokers. The Personal Insurance segment offers property and casualty insurance covering personal risks, primarily automobile and homeowners insurance to individuals through independent agencies and brokers. The Travelers Companies, Inc. was founded in 1853 and is based in New York, New York.
IPO Year:
Exchange: NYSE
Website: travelers.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $280.00 | Buy → Neutral | Janney |
| 9/5/2024 | $286.00 | Overweight | Barclays |
| 7/15/2024 | $252.00 → $230.00 | Buy → Hold | TD Cowen |
| 6/28/2024 | Outperform → Mkt Perform | William Blair | |
| 6/28/2024 | $226.00 → $200.00 | Neutral → Sell | Citigroup |
| 1/10/2024 | $247.00 | Outperform | TD Cowen |
| 12/28/2023 | $203.00 | Hold | HSBC Securities |
| 12/20/2023 | $215.00 | Buy | Janney |
| 11/16/2023 | Perform | Oppenheimer | |
| 10/5/2023 | $186.00 | Hold | Deutsche Bank |
Topics to feature wildfire risk reduction and trends in the labor market, geopolitics and the economy The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today announced its Wednesdays with Woodward winter webinar 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 pressing issues for companies and consumers at the intersection of insurance, business and public policy. "For more than 130 episodes, our webinar series has fostered meaningful conversations on topics from
Ranked Gold on VIQTORY's Military Friendly® Employer list The Travelers Companies, Inc. (NYSE: TRV) today announced it has earned the Gold rank on VIQTORY's Military Friendly® Employer list, in addition to maintaining recognition on VIQTORY's Military Spouse Friendly® Employer, Military Friendly® Supplier Diversity Program and Military Friendly® Company lists. Travelers was also once again named to the Military Times Best for Vets Employer list. "We have a long-standing tradition of supporting the military community, and it's an honor to be recognized for our efforts," said Diane Kurtzman, Executive Vice President and Chief Human Resources Officer at Travelers. "We are proud to uphold a
Contributions will go to All Hands and Hearts, SBP, Team Rubicon and United Way Suncoast The Travelers Companies, Inc. (NYSE:TRV) today announced a commitment of $250,000 to assist relief efforts in states affected by Hurricanes Helene and Milton. Funds will support All Hands and Hearts, SBP, Team Rubicon and United Way Suncoast. "The towns and neighborhoods impacted by Hurricanes Helene and Milton are home to our customers, colleagues and friends," said Alan Schnitzer, Chairman and Chief Executive Officer of Travelers. "We're committed to being there for them in these difficult times." More than 500 Travelers Claim professionals have been on the ground assisting customers who have been
Third Quarter 2024 Net Income per Diluted Share of $5.42, up 211%, and Return on Equity of 19.2% Third Quarter 2024 Core Income per Diluted Share of $5.24, up 169%, and Core Return on Equity of 16.6% Strong third quarter net income of $1.260 billion and core income of $1.218 billion. Consolidated combined ratio improved 7.8 points from the prior year quarter to a strong 93.2%. Catastrophe losses of $939 million pre-tax, compared to $850 million pre-tax in the prior year quarter. Substantial net favorable prior year reserve development of $126 million pre-tax. Record underlying underwriting income of $1.498 billion pre-tax, reflecting an underlying combined ratio that improved 5.0
Percentage of companies that have suffered a cyberattack climbs for eighth time in nine years The Travelers Companies, Inc. (NYSE:TRV) today released the results of its 2024 Travelers Risk Index, which highlighted cyber threats as the top concern among business leaders. The annual survey began in 2014 and asks business insurance decision-makers from U.S. companies of various sizes and industries about the issues that worry them most. This was the fourth time in six years that cyber threats ranked as the top concern, with a record number (62%) of participants saying they worry some or a great deal about cyber risks. Cyber concerns were followed by medical cost inflation (59%), which held t
Government officials and business leaders join Travelers public policy experts to host three educational events about cybersecurity across the United States The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE:TRV), today announced the continuation of its Cyber: Prepare, Prevent, Mitigate, Restore® series with three in-person symposia scheduled this fall. These events provide practical tips and resources to help businesses adapt to the evolving landscape of cybersecurity. "The operational and financial fallout from cyberattacks can be devastating for any business, highlighting the need for leaders to implement proactive cybersecurity strategies," said
The Travelers Companies Inc. (NYSE:TRV) today published its Citizen Travelers Playbook, a guide to help organizations better support a civically engaged workforce. Based on the company's nonpartisan civic engagement initiative, Citizen Travelers, the playbook outlines proven strategies and ideas for developing corporate programs that empower employees to get involved in the civic life of their communities. "While we've always aspired to be a good corporate citizen, we started Citizen Travelers in 2021 to become a corporation of good citizens," said Travelers Chairman and Chief Executive Officer Alan Schnitzer. "In the three years since, I've been gratified to see so many of my colleagues
The Travelers Companies, Inc. (NYSE:TRV) will review its third quarter 2024 results at 9 a.m. ET on Thursday, Oct. 17, following the release of results earlier that morning. Investors can access the call via webcast at investor.travelers.com and by dialing 888-440-6281 within the United States or 646-960-0218 outside the United States. A slide presentation, statistical supplement and live audio broadcast will be available on the same website. Following the event, replays will be available via webcast for one year at investor.travelers.com and by telephone for 30 days by dialing 800-770-2030 within the United States or 647-362-9199 outside the United States. All callers should use conferen
Topics will include employment practices liability, emerging talent and cybersecurity threats The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE:TRV), today announced its Wednesdays with Woodward fall 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. "Changing workplace dynamics, shifting cybersecurity trends, an evolving insurance marketplace – the hurdles and opportunities facing individuals and businesses are a moving t
Claims data offers insights into potential pitfalls to avoid The Travelers Companies, Inc. (NYSE:TRV) is offering tips for brides and grooms as peak wedding season approaches. According to Travelers data, vendor issues (45%) were the leading cause of paid wedding insurance claims in 2023, followed by property damage (18%), illness and injury (14%) and severe weather (12%). "Knowing what has gone wrong for others can help couples as they prepare for their big day," said Todd Shasha, AVP of Personal Insurance at Travelers. "With vendor-related issues consistently topping the list, it's important to thoroughly evaluate your options before making a choice." Travelers offers the following
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Third Quarter 2024 Net Income per Diluted Share of $5.42, up 211%, and Return on Equity of 19.2% Third Quarter 2024 Core Income per Diluted Share of $5.24, up 169%, and Core Return on Equity of 16.6% Strong third quarter net income of $1.260 billion and core income of $1.218 billion. Consolidated combined ratio improved 7.8 points from the prior year quarter to a strong 93.2%. Catastrophe losses of $939 million pre-tax, compared to $850 million pre-tax in the prior year quarter. Substantial net favorable prior year reserve development of $126 million pre-tax. Record underlying underwriting income of $1.498 billion pre-tax, reflecting an underlying combined ratio that improved 5.0
The Travelers Companies, Inc. (NYSE:TRV) will review its third quarter 2024 results at 9 a.m. ET on Thursday, Oct. 17, following the release of results earlier that morning. Investors can access the call via webcast at investor.travelers.com and by dialing 888-440-6281 within the United States or 646-960-0218 outside the United States. A slide presentation, statistical supplement and live audio broadcast will be available on the same website. Following the event, replays will be available via webcast for one year at investor.travelers.com and by telephone for 30 days by dialing 800-770-2030 within the United States or 647-362-9199 outside the United States. All callers should use conferen
Excellent Underlying Results, Net Favorable Prior Year Reserve Development and Higher Net Investment Income More Than Offset Significant Catastrophe Losses from Severe Convective Storms Second Quarter 2024 Net Income per Diluted Share of $2.29 and Return on Equity of 8.6% Second Quarter 2024 Core Income per Diluted Share of $2.51 and Core Return on Equity of 8.1% Second quarter net income of $534 million and core income of $585 million. Consolidated combined ratio improved 6.3 points from the prior year quarter to 100.2%. Catastrophe losses of $1.509 billion pre-tax, compared to $1.481 billion pre-tax in the prior year quarter. Underlying combined ratio improved 3.4 points f
The Travelers Companies, Inc. (NYSE:TRV) will review its second quarter 2024 results at 9 a.m. ET on Friday, July 19, following the release of results earlier that morning. Investors can access the call via webcast at investor.travelers.com and by dialing 888-440-6281 within the United States or 646-960-0218 outside the United States. A slide presentation, statistical supplement and live audio broadcast will be available on the same website. Following the event, replays will be available via webcast for one year at investor.travelers.com and by telephone for 30 days by dialing 800-770-2030 within the United States or 647-362-9199 outside the United States. All callers should use confere
First Quarter 2024 Net Income per Diluted Share of $4.80, up 16%, and Return on Equity of 18.0% First Quarter 2024 Core Income per Diluted Share of $4.69, up 14%, and Core Return on Equity of 15.4% Board of Directors Declares 5% Increase in Regular Quarterly Cash Dividend to $1.05 per Share First quarter net income of $1.123 billion and core income of $1.096 billion. Quarter included an elevated level of catastrophe losses of $712 million pre-tax, compared to $535 million pre-tax in the prior year quarter. Excellent consolidated combined ratio of 93.9% improved 1.5 points; outstanding underlying combined ratio of 87.7% improved 2.9 points. Net written premiums of $10.182 bil
The Travelers Companies, Inc. (NYSE:TRV) will review its first quarter 2024 results at 9 a.m. ET on Wednesday, April 17, following the release of results earlier that morning. Investors can access the call via webcast at investor.travelers.com and by dialing 888-440-6281 within the United States or 646-960-0218 outside the United States. A slide presentation, statistical supplement and live audio broadcast will be available on the same website. Following the event, replays will be available via webcast for one year at investor.travelers.com and by telephone for 30 days by dialing 800-770-2030 within the United States or 647-362-9199 outside the United States. All callers should use conf
Record Quarterly Net Income per Diluted Share of $6.99 and Return on Equity of 29.0% Record Quarterly Core Income per Diluted Share of $7.01 and Core Return on Equity of 24.0% Full Year Net Income of $2.991 billion and Return on Equity of 13.6% Full Year Core Income of $3.072 billion and Core Return on Equity of 11.5% Record quarterly net income of $1.626 billion and core income of $1.633 billion, driven by both underwriting and investment results. Exceptional consolidated combined ratio of 85.8%, an 8.7 point improvement, and underlying combined ratio of 85.9%, a 5.5 point improvement. Net written premiums of $9.994 billion for the quarter, up 13%, and full year net written
The Travelers Companies, Inc. (NYSE:TRV) will review its fourth quarter and full year 2023 results at 9 a.m. ET on Friday, Jan. 19, following the release of results earlier that morning. Investors can access the call via webcast at investor.travelers.com and by dialing 888-440-6281 within the United States or 646-960-0218 outside the United States. A slide presentation, statistical supplement and live audio broadcast will be available on the same website. Following the event, replays will be available via webcast for one year at investor.travelers.com and by telephone for 30 days by dialing 800-770-2030 within the United States or 647-362-9199 outside the United States. All callers shou
Third Quarter 2023 Net Income per Diluted Share of $1.74 and Return on Equity of 7.7% Third Quarter 2023 Core Income per Diluted Share of $1.95 and Core Return on Equity of 6.9% Excellent underlying underwriting income of $868 million pre-tax, up 43%. Consolidated combined ratio of 101.0%; and underlying combined ratio of 90.6%, a 1.9 point improvement. Catastrophe losses of $850 million pre-tax compared to $512 million pre-tax in the prior year quarter. Net unfavorable prior year reserve development of $154 million pre-tax primarily due to an addition to asbestos reserves of $284 million pre-tax. Record net written premiums of $10.493 billion, up 14% over the prior year qu
The Travelers Companies, Inc. (NYSE:TRV) will review its third quarter 2023 results at 9 a.m. ET on Wednesday, Oct. 18, following the release of results earlier that morning. Investors can access the call via webcast at investor.travelers.com and by dialing 888-440-6281 within the United States or 646-960-0218 outside the United States. A slide presentation, statistical supplement and live audio broadcast will be available on the same website. Following the event, replays will be available via webcast for one year at investor.travelers.com and by telephone for 30 days by dialing 800-770-2030 within the United States or 647-362-9199 outside the United States. All callers should use confe
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Janney downgraded Travelers from Buy to Neutral and set a new price target of $280.00
Barclays initiated coverage of Travelers with a rating of Overweight and set a new price target of $286.00
TD Cowen downgraded Travelers from Buy to Hold and set a new price target of $230.00 from $252.00 previously
William Blair downgraded Travelers from Outperform to Mkt Perform
Citigroup downgraded Travelers from Neutral to Sell and set a new price target of $200.00 from $226.00 previously
TD Cowen initiated coverage of Travelers with a rating of Outperform and set a new price target of $247.00
HSBC Securities initiated coverage of Travelers with a rating of Hold and set a new price target of $203.00
Janney initiated coverage of Travelers with a rating of Buy and set a new price target of $215.00
Oppenheimer initiated coverage of Travelers with a rating of Perform
Deutsche Bank initiated coverage of Travelers with a rating of Hold and set a new price target of $186.00
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B of A Securities analyst Joshua Shanker maintains Travelers Companies (NYSE:TRV) with a Underperform and raises the price target from $202 to $223.
RBC Capital analyst Scott Heleniak reiterates Travelers Companies (NYSE:TRV) with a Sector Perform and maintains $225 price target.
Piper Sandler analyst Paul Newsome maintains Travelers Companies (NYSE:TRV) with a Neutral and lowers the price target from $213 to $207.
Wall Street is poised to close the week in the red, with all major indices trading in negative territory at midday in New York, as broader sentiment remains weak following a temporary tech outage caused by a cloud software update from CrowdStrike Holdings Inc. (NASDAQ:CRWD) that led to widespread disruptions across several sectors worldwide. The S&P 500 index is down 0.6% as of 12:50 p.m. ET, extending its weekly decline to 1.8%, marking its worst week since April. The tech-heavy Nasdaq 100 is underperforming the broader market, down 1%, reflecting general weakness in the technology sector and bringing its weekly loss to 3.9%, also the worst in three months. The Dow Jones is also af
Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) fell sharply during Friday's session following weak quarterly results. Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from Benzinga Pro. Selective Insurance Group shares dipped 14.8% to $85.40 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Augmedix, Inc. (NASDAQ:AUGX) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure. 60 Degrees Pha
Morgan Stanley analyst Michael Phillips maintains Travelers Companies (NYSE:TRV) with a Equal-Weight and lowers the price target from $220 to $210.
The Travelers Companies (NYSE:TRV) shares are trading higher on Friday after the company reported Q2 revenue growth of 12% Y/Y to $11.283 billion, missing the consensus of $11.341 billion. Core income per share reached $2.51, up from 6 cents a year ago, beating the $1.98 consensus forecast. Core income increased mainly due to improved underwriting gains, better reserve development, and higher net investment income, partially offset by higher catastrophe losses. For the second quarter, net written premiums increased by 8% Y/Y to $11.12 billion. In Business Insurance, net written premiums rose 7% to $5.5 billion, with a 10.1% increase in renewal premiums, 85% retention, and record
U.S. stocks are gearing up for a nervy as index futures were seen hugging the flat line. Uncertainty, which is one of the biggest enemies of the market, has intensified on all fronts. The Federal Reserve hasn’t committed to a timeframe for starting rate cuts despite the recent soft growth data and slowing inflationary measures. Things look murky on the geopolitical front. President Joe Biden‘s fate is unknown yet as the calls for him to step down intensify. And the Republican presidential candidate Donald Trump’s extreme right-wing agenda has kept traders on the tenterhook. On top of these, both candidates have talked tough regarding their stances on China. The tech sector could react