|Bid||136.98 x 800|
|Ask||136.97 x 900|
|Day's Range||136.71 - 138.66|
|52 Week Range||111.08 - 141.52|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||13.90|
|Earnings Date||Apr 22, 2019 - Apr 26, 2019|
|Forward Dividend & Yield||3.08 (2.25%)|
|1y Target Est||138.19|
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it practical, we'll show how The Travelers Companies, Inc.'s (NYSE:TRV) P/E ratio could help you assess the value on o...
The Dow Jones Industrial Average on Thursday midday was at the doorstep of a record close. At last check, the blue-chip index was less than 1% from its Oct. 3 peak, up 0.4% at 26,564, compared with its record put in last fall at 26,828.39, according to FactSet data. Thursday's climb was being supported by a rebound in shares of UnitedHealth Group Inc. , which has been taking it on the chin, along with the rest of the health-care sector, this week. UnitedHealth's stock was up 1.7% or $3.73, while shares of insurer Travelers Cos. Inc. , up 2.9%, or $3.91, also were helping the Dow creep toward a record, even after a brutal end to 2018 that saw the S&P 500 index and Nasdaq Composite Index all put in there most recent lows. All of the main U.S. equity benchmarks are within striking distance of all-time closing peaks.
Insurer Travelers Companies Inc's quarterly profit beat analysts' estimates on Thursday, as improved underwriting and lower catastrophe losses offset a decline in net investment income, sending its shares to a more than one-year high. Travelers, considered a bellwether for the insurance industry, sells insurance to U.S. businesses and auto and property insurance to individual customers. The company said net written premiums rose 3 percent to $7.06 billion in the first quarter, with growth across all business lines.
RLI Q1 earnings reflects improved premiums across most of its product lines along with increase in net investment income in the quarter.
Travelers' (TRV) Q1 earnings reflect higher premiums benefiting from the new cat reinsurance treaty as well as lower catastrophe loss.
While many eyes will turn to the Pinterest and Zoom initial public offerings, part of a strong run of tech IPOs recently, most of the attention will fall on the Justice Department’s release of the redacted Mueller report into U.S. President Donald Trump and Russia. The debate over whether tech stocks will fall when the economic cycle turns to contraction, and businesses and consumers pull back on spending, has heated up in recent years.
posted stronger-than-expected first quarter earnings Thursday as the property and casualty insurer rode improved underwriting and sharply lower catastrophe losses to just under $800 million in net income. Group revenues, Travelers said, rose 5.2% to $7.67 billion and again beat the Street estimate of $7.1 billion. Catastrophe losses fell 45.5% from last year to $193 million, the company said, while written premiums jumped 3.5% to $7.06 billion.
Travelers (TRV) delivered earnings and revenue surprises of 2.54% and 0.47%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Insurer The Travelers Cos. Inc. said Thursday it had net income of $796 million, or $2.99 a share, in the first quarter, up from $669 million, or $2.42 a share, in the year-earlier period. Adjusted per-share earnings came to $2.83, ahead of the $2.72 FactSet consensus. The improvement was driven by lower catastrophe losses and a higher underlying underwriting gain, which was partially offset by lower net favorable prior year reserve development, the company said. Revenue rose to $7.671 billion from $7.286 billion, topping the FactSet estimate of $7.113 billion. Net premiums written rose 3% to $7.057 billion from $6.824 billion. The company had an underwriting gain of $395 million, up from $258 million a year ago. Net investment income fell to $582 million from $603 million, as lower private equity returns weighed against higher fixed income returns. The company is raising its quarterly dividend by 6.5% to 82 cents a share. Shares were not yet active premarket, but have fallen 0.4% in the last 12 months, while the Dow Jones Industrial Average, which counts Travelers as a member, has gained 6.9%, and the S&P 500 has gained 7.1%.
First Quarter 2019 Core Income per Diluted Share of $2.83, up 15%, and Core Return on Equity of 13.0%
Investing.com - Stocks started the day slightly higher Thursday in what is expected to be a slow day of trading ahead of the three-day weekend.
Investing.com - Travelers (NYSE:TRV) reported first quarter earnings that Beat analysts' expectations on Thursday and revenue that fell short of forecasts.
Travelers (TRV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Travelers' (TRV) first quarter earnings is likely to benefit from better pricing, high retention, a positive renewal premium and productivity and efficiency gains.
Travelers (TRV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Progressive (NYSE:PGR) reports earnings Tuesday before the bell. The Mayfield Village, Ohio-based insurer comes off an unusual earnings miss in January and a bizarre lack of activity in recent weeks. After about two and a half years of mostly steady increases, PGR stock has become unusually stagnant. This low level of volatility makes the need for any news that can move PGR critical for attracting investors.Source: meteo via FlickrFor Q1, Wall Street estimates PGR will earn $1.37 per share on a consensus basis. If this estimate holds, it means profits will rise by 6.2% year-over-year. Progressive earned $1.29 per share in the first quarter of 2018. Analysts also predict $9.19 billion in revenue for the quarter. This would come in 15.3% higher than year-ago levels when the company brought in $7.97 billion.Investors have good reason to pay close attention to this report. PGR stock tends to beat earnings in most cases. However, whether the company beat estimates in January depends on how one defines earnings.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks That Are Screaming Buys Right Now If counting net realized losses on securities of $572.2 million, profits came in at only 44 cents per share, well off estimates of $1.01 per share. The company earned $1.24 per share when not counting the unusually high losses on securities. Investors will likely watch earnings to see if this massive net realized loss amounts to a one-time occurrence or if it happens again. PGR Stock Defined By Its Lack of ActivityEven more importantly, traders will look for something, perhaps anything, that will inspire movement in PGR stock. Since Feb. 20, Progressive stock has barely registered a pulse. Since that day, it has traded in a tight range between $71.39 per share and $73.78 per share.Progressive also hit a near-term peak of $73.69 per share in early November. However, even when considering a likely double top, such stagnation seems unusual. PGR stock rose more than 27% from its December lows until price movements nearly came to a halt.However, other insurance stocks have stood still at this time. Allstate (NYSE:ALL) and American Financial Group (NYSE:AFG) stock have shown a similar trading pattern. Although Travelers (NYSE:TRV) has moved higher since February, it too began to stand still in April. Traders May Look to Forward GuidanceLooking for any news that will move the stock, traders may also focus on the forward guidance. In this area, Wall Street has seen some reason for mildly bullish sentiment. Earnings estimates for this quarter have risen by 8 cents over the last three months. Profit predictions for the next quarter and the year have also increased.Still, it will probably need news of some kind to see significant movement. The current fundamentals offer little that can move PGR. Earnings estimates place the forward price-to-earnings (P/E) ratio at around 13.7. That valuation appears reasonable. However, the estimated profit growth of 0.4% this year and 6.2% in 2020 gives investors little reason to buy PGR. Moreover, a dividend yield of 0.55% will likely not inspire new investors. * 7 Energy Stocks to Buy as Oil Booms Should You Buy Into Earnings?PGR stock needs this quarterly report to inspire some movement in the stock. After a dramatic recovery from the December lows, the stock persisted with little change for nearly two months.Surprise news from the earnings report could potentially break PGR out of its tight range. However, the P/E ratio, growth rate and dividend payout offer little reason to either buy or short PGR stock.Also, even if the report catalyzes the equity, current valuations give little incentive to either buy or sell. For this reason, not only will Progressive stock need to move to attract investors, but it will also have to move enough to offer a value proposition.I do not see that level of price action occurring at this time. Hence, regardless of whether one is a bull or a bear, PGR stock looks like a stock to avoid for now.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Progressive Stock Isn't Worth a Look Without a Catalyst appeared first on InvestorPlace.
Travelers (TRV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Travelers Companies, Inc. (NYSE: TRV) today announced that it has earned a perfect score on the 2019 Corporate Equality Index (CEI), maintaining its designation as a Best Place to Work for LGBTQ Equality. The CEI is a national benchmarking survey administered by the Human Rights Campaign Foundation that evaluates the corporate policies and practices related to lesbian, gay, bisexual, transgender and queer (LGBTQ) employees.