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 |
---|---|---|---|
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 |
6/20/2023 | $185.00 | Equal-Weight | Morgan Stanley |
1/20/2023 | $212.00 | Outperform | BMO Capital Markets |
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Citizen Travelers, Travelers' nonpartisan civic engagement employee initiative, will sponsor the 2024 National Civics Bee®. This annual competition by The Civic Trust®, an initiative of the U.S. Chamber of Commerce Foundation, is expanding to a record 28 states this year – with the ultimate goal of reaching all 50 states by 2026 for the 250th anniversary of the signing of the Declaration of Independence. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240702906757/en/ The Civic Trust is a nonpartisan educational initiative of the U.S. Chamber of Commerce Foundation focused on elevating civics as a national priority with programs
Announces summer webinar series that includes Dr. Richard Haass discussing geopolitical risks The Travelers Institute is celebrating 15 years of engaging in public policy dialogue on matters of interest to the property casualty insurance sector and the financial services industry more broadly. "Travelers has long been committed to taking care of the customers and communities we serve, and in the 15 years since its inception, the Travelers Institute has been an extension of that commitment," said Alan Schnitzer, Chairman and Chief Executive Officer of Travelers. "The Travelers Institute has made key contributions to the national conversation on critical issues of the day by convening sub
The Travelers Companies, Inc. (NYSE:TRV) today announced its 2023 Sustainability Report, outlining its comprehensive approach to creating shared and sustained value. "At the intersection of creating shareholder value and taking care of the people we're privileged to serve, sustainability is integrated into every facet of our company," said Yafit Cohn, Chief Sustainability Officer at Travelers. "Through our principled and holistic view of sustainability, we're managing the risks and taking advantage of the opportunities presented by a number of economic, operational, environmental, social and governance factors relevant to our business." The report provides an in-depth review of 16 topic
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
The Travelers Companies, Inc. (NYSE:TRV) today launched a new advertisement series based on real customer experiences. The series builds on the company's 2023 "Who Cares?" campaign, which introduced Travelers' first brand manifesto, organized around the idea that remarkable things happen when people care. "The idea that remarkable things happen when people care is at the core of who we are at Travelers and the impact that we seek to have in the world," said Alan Schnitzer, Chairman and Chief Executive Officer of Travelers. "We believe in the power of shared purpose to unite people across distance and differences and the positive impact it can have on our communities." The new advertisem
As the Atlantic hurricane season approaches, The Travelers Companies, Inc. (NYSE:TRV) urges residential and commercial property owners to take proactive steps to protect their homes and buildings from severe weather risks during the upcoming summer months. Colorado State University (CSU) researchers predict that 2024 could be one of the most active Atlantic hurricane seasons in decades. The forecast anticipates 23 named storms, 11 of which could become hurricanes – the highest number that CSU has ever predicted in their April outlook. "While hurricane season has not officially begun, severe storms can form at any time, underscoring the importance of preparing both commercial and persona
The Travelers Companies, Inc. (NYSE:TRV) today announced the opening of an office in Midtown Atlanta's Technology Square. The location will support the company's expanding technology organization, with roles in engineering, artificial intelligence and data science, among others. "Home to some of the most prestigious engineering colleges and universities, Atlanta was a natural choice for our new office," said Mojgan Lefebvre, Executive Vice President and Chief Technology & Operations Officer at Travelers. "We have had a substantial presence in Georgia for a number of years, and we look forward to creating an even stronger connection in the community by tapping into the wealth of tech talen
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) today announced the results of the 2024 Travelers Risk Index on distracted driving, highlighting an increase in dangerous behaviors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240411180182/en/ The results show that many of the common distractions that had been consistently declining have rebounded in recent years, with some even surpassing pre-pandemic figures. Crashes and near misses due to distracted driving have also increased. Behaviors that are on the rise since before the pandemic include: Updating or checking social media: +13%. Typing a text or email: +10%. Talking
The Travelers Companies, Inc. (NYSE:TRV) today announced the recipients of its 2024 Personal Insurance Agent of the Year Award. The honorees were recognized for their excellent customer service, dedication to their communities, commitment to Travelers and long-term profitable growth. "In the dynamic landscape of insurance, independent agents play an indispensable role in helping customers safeguard the things that matter most to them," said Michael Klein, Executive Vice President and President of Personal Insurance at Travelers. "We commend this exemplary group, whose expertise, personalized service and unwavering commitment to their customers have helped them achieve exceptional results.
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
Second Quarter 2023 Net Loss per Diluted Share of $0.07 Second Quarter 2023 Core Income per Diluted Share of $0.06 Second quarter net loss of $14 million and core income of $15 million. Consolidated combined ratio of 106.5%. Catastrophe losses of $1.481 billion pre-tax compared to $746 million pre-tax in the prior year quarter. Consolidated underlying combined ratio improved 1.7 points compared to the prior year quarter to an excellent 91.1%. Record net written premiums of $10.318 billion, up 14% compared to the prior year quarter. Very strong production in all three segments, including renewal premium change in Business Insurance which accelerated to a record 12.8%.
The Travelers Companies, Inc. (NYSE:TRV) will review its second quarter 2023 results at 9 a.m. ET on Thursday, July 20, 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
First Quarter 2023 Net Income per Diluted Share of $4.13 and Return on Equity of 17.5% First Quarter 2023 Core Income per Diluted Share of $4.11 and Core Return on Equity of 14.5% Board of Directors Declares 8% Increase in Regular Quarterly Cash Dividend to $1.00 per Share and Authorizes an Additional $5.0 Billion of Share Repurchases First quarter net income of $975 million and core income of $970 million. Quarter included an elevated level of catastrophe losses of $535 million pre-tax ($422 million after-tax); quarter also included a one-time tax benefit of $211 million. Consolidated combined ratio of 95.4% and underlying combined ratio of 90.6%. Record net written premium
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The Dow Jones Industrial Average Index reached a new record high of 41,198 points Wednesday, closing 0.6% higher and extending its winning streak to six consecutive sessions in the green. Blue-chip stocks, tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:DIA), found a strong ally in July’s seasonality. Just a year ago, the Dow Jones began a remarkable bull run of 13 consecutive sessions starting on July 10. This year’s Dow rally is distinguished not only by new record highs but by its outperformance relative to the tech sector. Over the last six sessions, the Dow Jones has risen by 5%, while the tech-heavy Nasdaq 100 fell by 3.3%. Therefore, it has outperformed the Nasdaq
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Morgan Stanley analyst Martijn Rats downgraded the rating for BP p.l.c. (NYSE:BP) from Overweight to Equal-Weight, while lowering the price target from $49.9 to $41.5. BP shares gained 0.4% to close at $35.19 on Friday. See how other analysts view this stock. RBC Capital analyst Ashish Sabadra downgraded Cintas Corporation (NASDAQ:CTAS) from Outperform to Sector Perform and announced a price target of $725. Cintas shares rose 0.8% to close at $721.76 on Friday. See how other analysts v
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler cut the price target for Schlumberger Limited (NYSE:SLB) from $71 to $66. Piper Sandler analyst Luke Lemoine maintained an Overweight rating. SLB shares gained 0.5% to close at $46.42 on Friday. See how other analysts view this stock. Oppenheimer boosted the price target for The Trade Desk, Inc. (NASDAQ:TTD) from $105 to $120. Oppenheimer analyst Jason Helfstein maintained an Outperform rating. Trade Desk shares gained 0.9% to close at $99.44 on Friday. See how other analysts view thi
TD Cowen analyst Andrew Kligerman downgrades Travelers Companies (NYSE:TRV) from Buy to Hold and lowers the price target from $252 to $230.
The second-quarter reporting season got off to a rocky start with investors reacting to some big bank earnings. Nevertheless, optimism over a healthy earnings season continues to abound. The Week That Was: Shares of high-profile big banks including JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C) and Wells Fargo & Company (NYSE:WFC) came under selling pressure following their earnings releases. JPMorgan fell 1.21% after being down over 2.5% intraday on Friday. The weakness was despite the company reporting a double-beat. Wells Fargo slumped a steeper 6.02% as higher deposit costs dented its bottom line. Delta Air Lines, Inc. (NYSE:DAL) shares fell about 7% in two sessions after
B of A Securities analyst Joshua Shanker maintains Travelers Companies (NYSE:TRV) with a Underperform and lowers the price target from $214 to $202.
JP Morgan analyst Jimmy Bhullar maintains Travelers Companies (NYSE:TRV) with a Underweight and raises the price target from $220 to $242.
In the last three months, 15 analysts have published ratings on Travelers Companies (NYSE:TRV), offering a diverse range of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 10 0 2 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 1 2M Ago 0 0 0 0 0 3M Ago 2 1 8 0 1 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $227.13, a high estimate of $252.00, and a low estimate of $200.00. A 0.51% drop is evident in the curren
Morgan Stanley analyst Michael Phillips maintains Travelers Companies (NYSE:TRV) with a Equal-Weight and lowers the price target from $223 to $220.
Travelers Companies's (NYSE:TRV) short percent of float has risen 16.78% since its last report. The company recently reported that it has 3.80 million shares sold short, which is 1.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.05 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int
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
Morgan Stanley initiated coverage of Travelers with a rating of Equal-Weight and set a new price target of $185.00
BMO Capital Markets initiated coverage of Travelers with a rating of Outperform and set a new price target of $212.00