|Bid||134.45 x 800|
|Ask||134.78 x 1400|
|Day's range||133.61 - 134.88|
|52-week range||123.61 - 155.09|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||15.14|
|Earnings date||15 Apr 2020 - 19 Apr 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||137.94|
Travelers (TRV) delivered earnings and revenue surprises of 2.79% and 0.89%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
The Travelers Companies, Inc. today reported net income of $873 million, or $3.35 per diluted share, for the quarter ended December 31, 2019, compared to $621 million, or $2.32 per diluted share, in the prior year quarter. Core income in the current quarter was $867 million, or $3.32 per diluted share, compared to $571 million, or $2.13 per diluted share, in the prior year quarter. Core income increased primarily due to significantly lower catastrophe losses, partially offset by lower net favorable prior year reserve development and a lower underlying underwriting gain (i.e., excluding net favorable prior year reserve development and catastrophe losses), in each case primarily due to the impact of an increasingly challenging tort environment. Net realized investment gains were $12 million pre-tax ($6 million after-tax), compared to $60 million pre-tax ($50 million after-tax) in the prior year quarter. Per diluted share amounts benefited from the impact of share repurchases.
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The Travelers Companies, Inc. (NYSE: TRV) today hosted an event at its Hartford, Connecticut, offices to discuss the evolution of autonomous vehicles and their potential effect on the insurance industry. The event brought together company executives and transportation experts from the Center for Automotive Research at Stanford (CARS), the Insurance Institute for Highway Safety (IIHS) and the consulting firm Ellis & Associates.
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The Travelers Companies, Inc. (NYSE: TRV) today announced it has been recognized as a Military Friendly® Company by VIQTORY, publisher of G.I. Jobs. Travelers is one of 76 companies to earn the designation, which is given to organizations that meet or exceed standards in at least three of four categories:
The Travelers Companies, Inc. (NYSE: TRV) will review its fourth quarter and full year 2019 results at 9 a.m. ET on Thursday, Jan. 23, following the release of results earlier that morning.
The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), will host a symposium, "Harnessing Behavioral Science, Tech and Innovation to Combat Distracted Driving," today at the Wisconsin School of Business at the University of Wisconsin – Madison. The final event of the 2019 Every Second Matters℠ distracted-driving education series will explore insights into human behavior, technological innovations, advances in auto safety and other developments that may reveal promising approaches to combating distracted driving and saving lives.
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