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 |
---|---|---|---|
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 |
6/20/2023 | $185.00 | Equal-Weight | Morgan Stanley |
4 - TRAVELERS COMPANIES, INC. (0000086312) (Issuer)
4 - TRAVELERS COMPANIES, INC. (0000086312) (Issuer)
4 - TRAVELERS COMPANIES, INC. (0000086312) (Issuer)
4 - TRAVELERS COMPANIES, INC. (0000086312) (Issuer)
4 - TRAVELERS COMPANIES, INC. (0000086312) (Issuer)
4 - TRAVELERS COMPANIES, INC. (0000086312) (Issuer)
4 - TRAVELERS COMPANIES, INC. (0000086312) (Issuer)
4 - TRAVELERS COMPANIES, INC. (0000086312) (Issuer)
4 - TRAVELERS COMPANIES, INC. (0000086312) (Issuer)
4 - TRAVELERS COMPANIES, INC. (0000086312) (Issuer)
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
Analysis of 1.2 million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents; also shows first-year employees still among those most vulnerable to injury The Travelers Companies, Inc. (NYSE:TRV), the largest workers compensation insurer in the United States, today released its 2024 Injury Impact Report, which examined more than 1.2 million workers compensation claims from 2017 to 2021. The findings revealed that the most common workplace accidents make up the majority of claim costs. Most frequent causes of injury: Overexertion (29% of claims analyzed). Slips, trips and falls (23%). Being struck by an object (12%). Motor
AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa+" (Superior) of the main subsidiaries of The Travelers Companies, Inc. (TRV) (headquartered in New York, NY) (NYSE:TRV), collectively known as Travelers Group (Travelers). In addition, AM Best has affirmed the FSR of A++ (Superior) and the Long-Term ICRs of "aa+" (Superior) of Travelers Casualty and Surety Company of America (TCSA) (Hartford, CT) and Travelers Insurance Company of Canada (TICC) (Toronto, Ontario, Canada). Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of "a-" (Excellent) of First Floridian Auto and Home
Enhanced boat insurance product expands customer eligibility and offers a better quoting experience for agents The Travelers Companies, Inc. (NYSE:TRV) today announced the launch of Quantum Boat 2.0, which offers more personalized coverage options through an easy-to-use platform that allows agents to seamlessly quote and bind coverage. "We built Quantum Boat 2.0 on a highly intuitive platform to help agents increase efficiency and enhance customer service," said Michael Klein, Executive Vice President and President, Personal Insurance at Travelers. "With new coverage options, expanded boater eligibility and an array of potential discounts, we continue to provide customers with a great e
Company named a Best Place to Work for Disability Inclusion for seventh consecutive year The Travelers Companies, Inc. (NYSE:TRV) today announced that it has once again achieved a top score on the Disability Equality Index®, marking its seventh consecutive year as a Best Place to Work for Disability Inclusion. The index, administered by Disability:IN and the American Association of People with Disabilities, stands as the leading independent resource for benchmarking corporate disability inclusion policies and programs. "This recognition reaffirms our commitment to fostering a supportive environment where everyone feels valued and respected," said Dr. Lauren Young, Chief Diversity & Incl
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
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
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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
Morgan Stanley initiated coverage of Travelers with a rating of Equal-Weight and set a new price target of $185.00
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
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
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Financials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TFC CALL TRADE BULLISH 08/16/24 $45.00 $636.3K 895 10.1K UPST CALL TRADE BULLISH 12/20
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