|Bid||124.95 x 800|
|Ask||124.95 x 800|
|Day's range||124.33 - 126.12|
|52-week range||113.76 - 150.55|
|PE ratio (TTM)||16.51|
|Earnings date||18 Jul 2018 - 23 Jul 2018|
|Forward dividend & yield||3.08 (2.43%)|
|1y target est||138.81|
The U.S. dollar pulled back from year-high levels on Thursday against a basket of major currencies, while U.S. Treasury yields briefly fell to session lows after U.S. President Donald Trump expressed concerns about interest rate hikes and the strong dollar. Wall Street and a gauge of global stocks cut their daily declines following Trump's comments to CNBC television, in which he said the strong dollar "puts us at a disadvantage" and expressed dismay with the Federal Reserve's decision to hike interest rates. China took issue with U.S. comments blaming China's president for blocking a trade deal, while the European Union may retaliate if the United States imposes tariffs on EU cars.
The U.S. dollar hit a year high on Thursday against a basket of major currencies, but copper prices tumbled and major world stock markets pulled back amid concerns over China's economy and continued global trade tensions. Wall Street's main equity indexes fell as investors also responded to a raft of corporate earnings and news the European Union may retaliate if United States slaps tariffs on EU cars. China's yuan fell to a one-year low against the dollar.
Although Travelers' (TRV) Q2 results suffer a year-over-year bottom-line deterioration, higher premiums as well as investment income drive the company's top line.
MARKET PULSE The Dow Jones Industrial Average was trading near session lows in early morning trade as a decline in shares of financials buffeted the equity benchmark. The Dow (DJIA) was down 141 points, or 0.
MARKET PULSE The components of the Dow Jones Industrial Average (djia) that have reported earnings early Thursday, or late Wednesday, are accounting for nearly one-third of the Dow futures' (ymu8) 63-point loss.
Shares of Travelers Companies Inc. (trv) were indicated down more than 2% in premarket trade Thursday, after the insurer reported second-quarter earnings that missed expectations, as catastrophe losses increased, but revenue that beat forecasts as net written premiums rose to a record. Net income fell to $524 million, or $1.92 a share, from $595 million, or $2.11 a share, in the same period a year ago, as pre-tax catastrophe losses rose to $488 million from $403 million given an active tornado and hail season. Core earnings per share fell to $1.81 from $1.92, while the FactSet consensus was for a rise to $2.41.
Second Quarter Return on Equity of 9.2% and Core Return on Equity of 8.7%
An impressive Business Insurance segment, improved combined ratio along with premium growth and better investment results might drive Travelers (TRV) in Q2.
The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today released a white paper, “Insuring Autonomy: How auto insurance can adapt to changing risks,” at the 2018 Automated Vehicles Symposium. The white paper presents Travelers’ assessment of the existing auto insurance structure, both personal and commercial, in the context of resolving claims and providing fair compensation to accident victims as vehicles become more autonomous.
LONDON--(BUSINESSWIRE)-- New offering addresses cyber liability and includes risk management expertise Travelers Europe today announced the availability of Travelers CyberRisk, a new standalone cyber insurance ...
The Travelers Companies, Inc. today announced that the 2018 Travelers Championship generated $1.8 million for charity. The tournament contributes 100 percent of its net proceeds to nonprofits throughout the region, and this year’s funding will support approximately 130 worthy organizations.
The Travelers Companies, Inc. (NYSE: TRV) is reminding engaged couples about the threat of severe weather as wedding season ramps up. Today, the company announced that almost one quarter (23 percent) of its wedding insurance claims in 2017 were due to severe weather that forced the event to be canceled or postponed. This was the highest percentage of weather-related claims Travelers has seen since it began selling wedding insurance in 2007.
Surveillance video via Fox NewsHighlighted portion of still image from surveillance video shows the sculpture in the process of being toppled from its display plinth. A mom in Kansas could be on the hook for $132,000 after her 5-year-old son “hugged” a glass sculpture, toppling it to the ground, as surveillance video shows. Sarah Goodman told the Kansas City Star that city officials in Overland Park informed her that its insurance company was contractually obligated to contact her following the May 19 incident at Tomahawk Ridge Community Center, where she, her husband and the couple’s four children attended a wedding reception.
The Travelers Companies, Inc. (NYSE: TRV) today announced the start of the 2018 Travelers Championship at TPC River Highlands in Cromwell, Connecticut. This year’s tournament features many of the PGA TOUR’s top players, including defending champion Jordan Spieth, as well as Justin Thomas, Rory McIlroy, Jason Day, Brooks Koepka, Paul Casey, Patrick Reed and Bubba Watson.
The Travelers Companies, Inc. (NYSE: TRV) and its public policy division, the Travelers Institute, are warning drivers about the increased risk for distracted driving this summer. “Summer road trips, vacations and holidays mean more people will be on the road, making it especially important to focus on driving and avoid distractions that could lead to accidents,” said Michael Klein, Executive Vice President and President of Personal Insurance at Travelers.
The Travelers Companies, Inc. will review its second quarter 2018 results at 9 a.m. ET on Thursday, July 19, following the release of results earlier that morning.