|Bid||134.06 x 800|
|Ask||135.77 x 800|
|Day's Range||134.79 - 136.15|
|52 Week Range||111.08 - 155.09|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||15.25|
|Earnings Date||Jan 20, 2020 - Jan 24, 2020|
|Forward Dividend & Yield||3.28 (2.44%)|
|1y Target Est||141.06|
The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), will host a symposium, "Harnessing Behavioral Science, Tech and Innovation to Combat Distracted Driving," today at the Wisconsin School of Business at the University of Wisconsin – Madison. The final event of the 2019 Every Second Matters℠ distracted-driving education series will explore insights into human behavior, technological innovations, advances in auto safety and other developments that may reveal promising approaches to combating distracted driving and saving lives.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
DOW UPDATE The Dow Jones Industrial Average is climbing Tuesday afternoon with shares of Merck and Walt Disney seeing positive momentum for the blue-chip average. Shares of Merck (MRK) and Walt Disney (DIS) are contributing to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 71 points (0.
DOW UPDATE The Dow Jones Industrial Average is declining Thursday morning with shares of Travelers and Walgreens Boots delivering the stiffest headwinds for the index. Shares of Travelers (TRV) and Walgreens Boots (WBA) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 76 points, or 0.
The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), will host a symposium today at Carnegie Mellon University. The program, “Transforming the Driving Experience: Automated Vehicle Technologies and Human Attention,” will bring together experts to address the safety, regulatory and insurance implications of advanced technologies that are on the road today. In a recent survey of 500 Pittsburgh-area residents, Travelers found that only 30% of people feel comfortable with semiautonomous vehicles operating on the road and only 31% feel comfortable riding in a vehicle equipped with this technology.
The Zacks Analyst Blog Highlights: JPMorgan Chase, Altria, ConocoPhillips, The Travelers Companies and Twitter
If you want to know who really controls The Travelers Companies, Inc. (NYSE:TRV), then you'll have to look at the...
AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” of the main subsidiaries of The Travelers Companies, Inc. (TRV) (headquartered in New York, NY) [NYSE: TRV], collectively known as Travelers Group (Travelers). In addition, AM Best has affirmed the FSR of A++ (Superior) and the Long-Term ICRs of “aa+” of Travelers Casualty and Surety Company of America (TCSA) (Hartford, CT) and its affiliates, Travelers Casualty and Surety Company of Europe Limited (TCSCE) (United Kingdom) and Travelers Insurance Company of Canada (TICC) (Ontario). Concurrently, AM Best has affirmed the Long-Term ICRs and the senior Long-Term Issue Credit Ratings (Long-Term IR) of “a+” of TRV and its two wholly owned downstream holding companies, Travelers Property Casualty Corp. and Travelers Insurance Group Holdings Inc. (both headquartered in Hartford, CT).
The Travelers Companies, Inc. (NYSE: TRV) today announced a strategic partnership with Groundspeed Analytics, Inc. to simplify its new business and policy renewal processes through the use of artificial intelligence (AI). “Using Groundspeed’s AI capabilities will optimize productivity for both our underwriters and our agent and broker partners,” said Bill Devine, Senior Vice President, Business Insurance, Travelers. “We’re excited to collaborate with one of the most respected and sophisticated leaders in the commercial property and casualty insurance industry,” said Andrew Robinson, Co-CEO, Groundspeed.
Shares of Travelers Companies Inc. rose 0.7% in premarket trading Monday, after the blue-chip insurer was upgraded by MKM Partners analyst Harry Fong, who said last week's earnings miss will eventually be a good thing. Fong raised his rating to buy, after being at neutral since at least July 2017, while boosting his stock price target to $160 from $130. Fong said he learned from management after a meeting with analysts on Friday that the reason earnings missed expectations was because of a worsening tort environment in commercial auto and general liability, which management said was likely more of an industry trend rather than a company specific issue. "[B]ecause of the worsening trend, the company has been able to push through higher rates that we believe will continue through 2020 and possibly into 2021," Fong wrote in a note to clients. The stock had plunged 8.3% to an 8-month low when it reported third-quarter results on last Tuesday, the biggest one-day selloff since December 2008. The stock has shed 13% over the past three months through Monday, while the SPDR S&P Insurance ETF has slipped 2.4% and the Dow Jones Industrial Average has eased 0.9%.
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.
U.S. equities look ready to take a leg lower as the political situation in Washington worsens and the flow of Q3 corporate earrings and economic data suggest a real slowdown is underway.As a result, the Dow Jones Industrial Average is falling away from the 27,000 level and looks set for a break below its 50-day moving average. This after spending the past four months trying to hold near current levels. * 7 Stocks to Buy With 100% Upside Potential A number of component stocks are weakening badly. Here are five stocks to sell now:InvestorPlace - Stock Market News, Stock Advice & Trading Tips McDonald's (MCD)McDonalds (NYSE:MCD) shares are dropping below their 200-day moving average for the first time since the summer of 2018 as store visits slow, pulling shares down roughly 10% from their recent high. Watch for a possible return to the trading range seen at the start of the year near $180, which would be worth another 10% or so decline from here as competition in the quick service space intensifies.The company recently reported its first earnings miss since 2017, making MCD a contender on this list of Dow stocks to sell. 3M (MMM)3M (NYSE:MMM) shares are rolling over again, maintaining a downtrend that started in the summer of 2018 and continuing a run below its 200-day moving average. Watch for a test of critical support near $150, which would be worth a loss of more than 6% from here. * 7 Safe Stocks to Buy and Hold Through 2020 The company reported results this morning before the bell, with earnings of $2.72 per share beating estimates by 20 cents, but revenues falling 2% from last year to ultimately miss estimates. Nike (NKE)Nike (NYSE:NKE) shares are pulling back from their recent high, cutting back below their 20-day moving average, ending a three-month uptrend. The company announced that longtime CEO Mark Parker -- who has been in place since 2006 -- will be stepping down risking a loss of momentum and direction.The company will next report results on Dec. 19 after the close. Analysts are looking for earnings of 58 cents per share on revenues of $10.1 billion. Travelers (TRV)Shares of Travelers (NYSE:TRV) have broken down below their 200-day moving average, continuing a decline that started in July and has already resulted in a 14% decline from the recent high. Watch for a return to the trading range that dominated throughout 2018 near $120, which would be worth a loss of around 9% from here. * 10 Stocks to Sell for Investors Fearing Another Q4 Downturn The company reported a big earnings miss on Tuesday, with earnings of $1.43 per share falling 92 cents short of estimates. Boeing (BA)Oh, where to start on Boeing (NYSE:BA). The last one this list of stocks to sell is the company that continues to contend with the ongoing grounding of the 737 MAX, along with the associated problems that have stemmed from it from production slowdowns to legal liabilities. Shares have fallen back to test their August lows, down around 13% from their recent high. The earnings report missed estimates while management maintains a very optimistic view of the timeline to restoring the MAX to service before the end of the year.Revenues dropped nearly 21% from last year. Management also announced it was halting its share repurchase program until the MAX starts flying again.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With 100% Upside Potential * 7 Reasons to Buy Microsoft Stock Now * 3 Consumer Staples Stocks to Buy for Conservative Investors The post 5 Dow Jones Industrial Average Stocks to Sell appeared first on InvestorPlace.