134.13 0.00 (0.00%)
After hours: 5:38PM EST
|Bid||132.42 x 900|
|Ask||139.84 x 900|
|Day's range||132.51 - 134.39|
|52-week range||111.08 - 155.09|
|Beta (3Y monthly)||0.90|
|PE ratio (TTM)||15.07|
|Earnings date||20 Jan 2020 - 24 Jan 2020|
|Forward dividend & yield||3.28 (2.46%)|
|1y target est||140.71|
If you want to know who really controls The Travelers Companies, Inc. (NYSE:TRV), then you'll have to look at the...
Reaffirming BUY but lowering target by $19 to $145 On October 22, Travelers reported 3Q19 core income of $378 million or $1.43 per diluted share, down 45% from 3Q18. The decline reflected net unfavorable prior-year reserve development due to an increase in lawsuit payments and jury awards for liability insurance. EPS missed our estimate of $2.02 and the consensus estimate of $2.34. We are lowering our 2019 EPS estimate to $9.49 from $10.74 to reflect the 3Q miss relative to our estimate, slower premium growth in the Bond & Specialty Insurance segment, and consistently sluggish reserve releases. We are also lowering our 2020 estimate to $10.98 from $11.59. TRV shares are trading at 12.0-times our 2019 EPS estimate, below both the peer median of 12.5 and the midpoint of TRV's own five-year historical range of 9.9-19.7. Given the stock's recent weak performance and slowing growth, we are lowering our target price to $145, implying a historically modest multiple of 13.2-times our 2020 EPS estimate.
Stocks ended lower Tuesday in a choppy session of trading as investors digested a deluge of corporate earnings results and continued to monitor trade and Brexit developments.
Insurers' Q3 earnings are likely to have benefited from improved pricing, reinsurance agreements. However, catastrophe losses and lower interest rate might have acted as partial offsets.
The Travelers Companies (TRV) is likely to have benefited from higher premiums, investment income and improved productivity in the third quarter.
Could The Travelers Companies, Inc. (NYSE:TRV) be an attractive dividend share to own for the long haul? Investors are...
For long term investors, improvement in profitability and outperformance against the industry can be important...
The Travelers Companies, Inc. (NYSE:TRV) is about to trade ex-dividend in the next 4 days. You can purchase shares...
Alan Schnitzer has been the CEO of The Travelers Companies, Inc. (NYSE:TRV) since 2015. First, this article will...
Travelers (TRV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.