TRV Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Travelers (TRV) incurs lower catastrophe losses in the fourth quarter of 2023. The company reports record premiums, reflecting strong growth across all three segments.

The Travelers Companies, Inc. (TRV) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Travelers (TRV) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Travelers (TRV) came out with quarterly earnings of $7.01 per share, beating the Zacks Consensus Estimate of $5.04 per share. This compares to earnings of $3.40 per share a year ago.

The Travelers Companies (NYSE:TRV) delivered record fourth-quarter earnings that were well ahead of analysts' expectations, sending its shares more than 6% higher in Friday pre-market trading. The company, based in New York, attributed the strong performance to a higher underlying underwriting gain, lower catastrophe losses and higher net investment income.

Travelers posts fiscal fourth-quarter core earnings of $7.01 a share, which beat Wall Street estimates of $5.10 a share.

Shares of Travelers Companies Inc. TRV, +0.43% surged 6.3% into record territory in premarket trading Friday, after the property casualty insurer reported fourth-quarter profit that rose well above expectations, citing lower catastrophe losses and higher underwriting gains. Net income nearly doubled to $1.63 billion, or $6.99 a share, from $819 million, or $3.44 a share, in the year-ago period.

The Travelers (TRV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.