TRV Stock Recent News

The property and casualty insurance company posts third-quarter core earnings of $1.95 a share, below forecasts of $2.99.

Shares of Travelers Companies Inc. TRV, +1.02% edged 0.4% higher in premarket trading Wednesday, after the insurer reported third-quarter profit that missed expectations on higher catastrophe losses, while revenue rose above forecasts. Net income fell to $404 million, or $1.74 a share, from $454 million, or $1.89 a share, in the year-ago period.

Travelers' (TRV) third-quarter results are likely to benefit from strong retention rates, positive renewal premium changes, new business premiums and better pricing.

Travelers (TRV) is poised to benefit from strong returns from the non-fixed income portfolio, positive renewal premium change, high levels of retention and prudent capital deployment.

The Travelers Companies, Inc. has doubled the value of its shareholders' stake with a total return of 98% since 2015. Despite a 13% correction this year due to high catastrophe losses, investors should focus on the insurer's growth prospects and cheap valuation. Travelers is raising premiums rapidly in an inflationary environment and is expected to benefit from higher interest rates, as it is investing its incoming funds at higher yields.

Blue-chip insurance companies are a good investment opportunity in the current market environment. The Travelers Companies, Inc. is a reliable slow grower with an attractive valuation and a growing dividend. Despite a tough Q2, Travelers is expected to have a better Q3 and continues to see net premium growth.

Travelers' stock (NYSE: TRV) has lost 13% YTD, as compared to the 16% rise in the S&P500 index over the same period.

Travelers (TRV) is poised to benefit from strong returns from the non-fixed income portfolio, positive renewal premium change, high levels of retention and prudent capital deployment.

Travelers Companies gets a neutral/hold rating today, in line with the consensus from Seeking Alpha analysts. Positives: stock price vs. 200-day SMA; strong liquidity and capital as an insurance giant; and positive net income last year despite Q2 net loss due to weather-related claims. Headwinds: overvalued vs. its industry average and dividend yield below the industry average.

The Travelers Companies TRV reported second-quarter 2023 core income of 6 cents per share, which missed the Zacks Consensus Estimate of $2.27. The bottom line decreased 97.7% year over year, primarily attributable to higher-than-expected catastrophe loss.