Property and casualty insurer Travelers trounced Wall Street estimates for fourth-quarter profit as strength in its underwriting business cushioned a blow from outsized catastrophe losses, sending its shares up nearly 5% on Wednesday.
Analysts have been eager to weigh in on the Financial sector with new ratings on Invesco (IVZ – Research Report) and Travelers Companies (TRV
Likewise, $12.01 billion in revenue in Q4 was $1.21 billion above consensus. The topline figure advanced more than 20% from a year earlier. "Earned premiums and underwriting margins were strong in all three segments," said Travelers CEO and Chair Alan Schnitzer.
NEW YORK (AP) — NEW YORK (AP) — The Travelers Cos. (TRV) on Wednesday reported fourth-quarter net income of $2.08 billion. On a per-share basis, the New York-based company said it had profit of $8.96. Earnings, adjusted for investment costs, were $9.15 per share.
Key Insights Significantly high institutional ownership implies Travelers Companies' stock price is sensitive to
We recently published a list of 5 Stocks Negatively Impacted By The LA Wildfires. In this article, we are going to take a look at where The Travelers Companies, Inc.
Goldman has recently raised Travelers Companies Inc (TRV) stock to Buy rating, as announced on January 8, 2025, according to Finviz. Earlier, on December 11, 2024, Wells Fargo had reduced the stock from a Equal Weight to Underweight,
NEW YORK — U.S. stocks fell Friday on worries that good news about the job market may be too good and prove to be bad for Wall Street by keeping ... or profits at companies would have to rise ...
Travelers Companies Inc (TRV) stock saw a decline, ending the day at $239.16 which represents a decrease of $-0.36 or -0.15% from the prior close of $239.52. The stock opened at $240.81 and touched a low of $238.
Morgan Stanley analyst Bob Huang maintained a Hold rating on Travelers Companies (TRV – Research Report) today and set a price target of
Travelers reported record annual profit, reflecting the strong financial run that home and auto insurers are enjoying despite concerns over rate hikes and availability crunches. The insurer didn't put a figure on potential losses from this month’s devastating Los Angeles wildfires.