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TRV

The Travelers Companies, Inc.

6/19/2013, 5:59 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Monday, June 10, 9:17 AM Travelers (TRV) agrees to acquire Dominion of Canada General Insurance from E-L Financial for ~$1.1B. TRV expects the transaction will have no significant impact on 2013 EPS and will be slightly accretive to 2014 EPS. 1 Comment [Financials, M&A]
Friday, May 24, 7:46 AM Tornados striking the U.S. this week are expected to cause anywhere from $2B-$5B in insured losses, according to Eqecat, obviously with most of the damaged coming from the Moore, OK disaster. At the top end of the range, this week would rank as the 2nd worst ever, behind only the April 2011 tornados in Alabama. TRV, CB, ALL all dropped amid the tornado news early in the week and have held steady since. Comment! [Financials]
Tuesday, May 21, 8:07 AM Keep an eye on property casualty insurers (TRV, ALL, CB, AIG) after all posted notable declines amid the Oklahoma City tornado disaster yesterday. The dip following Sandy proved a great buying opportunity (though from much lower levels). 2 Comments [Financials]
Tuesday, May 7, 3:56 PM More on Goldman's AIG downgrade (earlier): Better bets are Travelers (TRV) and Allstate (ALL) - like AIG, set to benefit from improving insurance margins, but also able to return capital without the regulatory risk. Prudential (PRU) and MetLife (MET) might also be better ideas - like AIG, they do face regulatory risk over capital returns, but both have more muted expectations and trade at lower valuations. 3 Comments [Financials]
Wednesday, April 24, 9:11 AM Travelers (TRV) notches a couple of upgrades after earnings yesterday, with Bernstein expecting the stock to hit new highs this year, and Goldman reiterating its Buy and raising the price target to $96. Bernstein's Josh Stirling was clearly impressed with the quarter (CC transcript) and CEO Jay Fishman - responding to a question of his - says momentum in premium increases will continue thanks to unpredictable weather and low interest rates cutting returns on Travelers' investment income. Comment! [Financials]
Tuesday, April 23, 7:47 AM More on Travelers (TRV) Q1 earnings: Combined ratio falls (a good thing) to 88.5 from 92.2 thanks to better rates (up 3.8%) and lower catastrophe losses (off 1.3%). Book value/share of $68, up 7% Y/Y. Repurchased $300M worth of stock during quarter. Quarterly dividend hiked 9% to $0.50. Shares +4.2% premarket. (PR) Comment! [Earnings, Financials, On the Move]
Tuesday, April 23, 7:00 AM Travelers (TRV): Q1 EPS of $2.31 beats by $0.28. Revenue of $6.33B beats by $0.71B. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, April 23, 12:05 AM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX 1 Comment [Earnings]
Monday, April 22, 5:30 PM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX Comment! [Earnings]
Tuesday, March 26, 8:11 AM Up nicely since Hurricane Sandy, the insurers have further to run, says Credit Suisse's Michael Zaremski, as the industry - realizing it can't make money off the float with interest rates so low - is successfully pushing through premium increases. ACE, TRV, and ALL should all continue to benefit. Comment! [Financials]
Tuesday, January 22, 7:42 AM More on Travelers (TRV) Q4 earnings: GAAP Combined ratio jumps to 105.4 from 95.9 a year ago thanks to Sandy. Underlying combined ratio improves to 92.8 from 97, thanks to better underwriting margins. Net written premiums up 2% Y/Y. Book value/share of $67.31, up 8% Y/Y. "We are very encouraged by pricing trends across all 3 business segments." Shares +2.8% premarket. (PR) Comment! [Earnings, Financials]
Tuesday, January 22, 7:05 AM Travelers (TRV): Q4 EPS of $0.72 beats by $0.6. Revenue of $6.47B (+2% Y/Y) beats by $1.13B. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, January 22, 12:04 AM Notable earnings before Tuesday’s open: AMTD, CNI, CRBC, DAL, DD, EAT, FCX, FMER, JNJ, KSU, MTG, PETS, RF, SNV, TRV, VZ, WAT Comment! [Earnings]
Tuesday, January 8, 6:15 PM Goldman Sachs' 23 best stocks for fat dividends and big buybacks: AIZ, UFS, VR, CCE, WYN, HFC, LOW, AMP, MPC, NSC, AXS, FITB, AMAT, PFE, JPM, DELL, RSG, PRU, BLK, CSX, GLW, TRV, CMCSA. 17 Comments [Quick Ideas]
Monday, December 17, 2012, 10:40 AM Insurers could face $11B more in asbestos-related claims than the $23B they currently have set aside, says A.M. Best. It's not enough to cripple the industry (Sandy claims are about $22B), but investors have sold in the past when companies have announced additions to reserves. Those maybe touched: HIG and TRV, and also BRK.B, which has taken on billions in exposure through reinsurance deals. Comment! [Financials]
Wednesday, December 5, 2012, 10:38 AM Travelers (TRV +2.9%) estimates net losses from Sandy to be about $650M. The total loss is $1.135B, but reinsurance recoveries and tax savings will narrow it. The net tab is far less than Allstate's (ALL) $1.08B estimate, even though the companies have about the same market share in the affected areas. Will Allstate revise its numbers lower? Comment! [Financials]

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