TRV Stock Recent News

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Definity Insurance Company (Definity Insurance), as well as the Long-Term ICR of “bbb” (Good) of Definity Financial Corporation (Definity Financial) remain unchanged following the recent announcement of a CAD 3.3 billion transaction to acquire The Travelers Companies, Inc.'s (Travelers) [NYSE: TRV] Canadian operati.

NEW YORK--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) today announced that it has signed a definitive agreement to sell the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Definity Financial Corporation (TSX: DFY) for approximately US$2.4 billion. The purchase price represents a multiple of 1.8 times book value, adjusting for approximately US$0.8 billion of excess local capital which is being repatriated as part of this tra.

Travelers' momentum in renewal rate improvements, high retention levels and increased new business are likely to sustain its earnings growth.

Travelers (TRV) reported earnings 30 days ago. What's next for the stock?

Though both PGR and TRV are Buy-rated stocks, let's find out which Property and Casualty insurer is a safe investment bet to generate better returns.

HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today announced its Wednesdays with Woodward spring and summer webinar schedule. The virtual series, hosted by Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers, features thought leaders from the public and private sectors discussing relevant issues at the intersection of insurance, business and public po.

Travelers (TRV) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

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.

Does Travelers (TRV) have what it takes to be a top stock pick for momentum investors? Let's find out.

Zacks Property and Casualty Insurance players like BRK.B, PGR, CB, TRV and ALL are likely to benefit from catastrophes that drive policy renewal rate and pricing.