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Travelers Companies Inc (TRV.N)

TRV.N on New York Stock Exchange

128.56USD
26 Feb 2020
Change (% chg)

$-2.23 (-1.71%)
Prev Close
$130.79
Open
$131.28
Day's High
$132.16
Day's Low
$128.56
Volume
532,977
Avg. Vol
432,229
52-wk High
$155.09
52-wk Low
$128.30

Latest Key Developments (Source: Significant Developments)

Travelers to seek business insurance rate increases because of growing tort concerns
Thursday, 23 Jan 2020 

Jan 23 (Reuters) - Travelers Companies Inc ::QUARTERLY CORE EARNINGS PER SHARE $3.32.QUARTERLY EARNINGS PER SHARE $3.35.TRAVELERS COMPANIES - QUARTER-END BOOK VALUE PER SHARE $101.55, UP 17%.QUARTERLY CONSOLIDATED COMBINED RATIO OF 92.4% IMPROVED BY 5.1 POINTS.QUARTERLY TOTAL REVENUE $8.06 BILLION, UP 3%.QUARTERLY NET WRITTEN PREMIUMS $7.08 BILLION, UP 6%.QUARTERLY CATASTROPHE LOSSES OF $85 MILLION PRE-TAX DECREASED FROM $610 MILLION PRE-TAX.QUARTERLY NET INVESTMENT INCOME OF $616 MILLION VERSUS $630 MILLION.Q4 EARNINGS PER SHARE VIEW $3.29, REVENUE VIEW $7.07 BILLION -- REFINITIV IBES DATA.CFO DANIEL FREY SAYS 2020 FIXED NET INTEREST INCOME WILL DECREASE BY ABOUT $5 MILLION TO $10 MILLION AFTER-TAX PER QUARTER COMPARED TO PRIOR YEAR PERIODS.BUSINESS INSURANCE EXEC SAYS COMPANY WILL SEEK RATE INCREASES IN RESPONSE TO TORT ENVIRONMENT - CALL.EXEC SAYS COMPANY EXPECTS HIGHER RPC IN 2020 THAN IN 2019 - CALL.EXEC SAYS COMPANY EXPECTS BUSINESS INSURANCE UNDERLYING COMBINED RATIO FOR FULL YEAR 2020 WILL BE LOWER THAN IN 2019 - CALL.EXEC SAYS COMPANY EXPERIENCED “A MODEST AMOUNT OF RESERVE ACTIVITY” SPURRED BY "REVIVER STATUES" - CALL.CFO FREY SAYS COMPANY IN 2019 "BOOKED OUR BEST ESTIMATE OF THE ULTIMATE LOSS COSTS" RELATED TO REVIVER STATUTES - CALL.CFO FREY SAYS COMPANY HASN'T SEEN ANYTHING IN THE ACTIVITY SPURRED BY CHILD VICTIMS ACT THAT WOULD PROMPT CHANGING RESERVES - CALL.  Full Article

Travelers Companies Reports Q4 Core Earnings Of $3.32 Per Share
Thursday, 23 Jan 2020 

Jan 23 (Reuters) - Travelers Companies Inc ::QUARTERLY CORE EARNINGS PER SHARE $3.32.QUARTERLY EARNINGS PER SHARE $3.35.TRAVELERS COMPANIES - QUARTER-END BOOK VALUE PER SHARE $101.55, UP 17%.QUARTERLY CONSOLIDATED COMBINED RATIO OF 92.4% IMPROVED BY 5.1 POINTS.QUARTERLY TOTAL REVENUE $8.06 BILLION, UP 3%.QUARTERLY NET WRITTEN PREMIUMS $7.08 BILLION, UP 6%.QUARTERLY CATASTROPHE LOSSES OF $85 MILLION PRE-TAX DECREASED FROM $610 MILLION PRE-TAX.QUARTERLY NET INVESTMENT INCOME OF $616 MILLION VERSUS $630 MILLION.Q4 EARNINGS PER SHARE VIEW $3.29, REVENUE VIEW $7.07 BILLION -- REFINITIV IBES DATA.  Full Article

Travelers Companies Inc Files For Potential Mixed Shelf Offering; Size Not Disclosed
Tuesday, 11 Jun 2019 

June 10 (Reuters) - Travelers Companies Inc ::TRAVELERS COMPANIES INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Travelers Companies Inc Says Elected Todd Schermerhorn To Serve As Independent Lead Director At Annual Meeting
Saturday, 25 May 2019 

May 24 (Reuters) - Travelers Companies Inc ::TRAVELERS COMPANIES INC - ELECTED TODD C. SCHERMERHORN TO SERVE AS INDEPENDENT LEAD DIRECTOR AT ANNUAL MEETING.TRAVELERS COMPANIES INC - DASBURG AND DUBERSTEIN EACH RETIRED FROM BOARD EFFECTIVE AS OF COMPANY'S ANNUAL MEETING OF SHAREHOLDERS.TRAVELERS - APPROVED AMENDMENT TO INCREASE NUMBER OF SHARES AUTHORIZED FOR ISSUANCE UNDER 2014 STOCK INCENTIVE PLAN BY 3.1 MILLION.  Full Article

Travelers Partners With Asq Underwriting To Provide Transactional Risk Insurance In The U.S.
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Travelers Companies Inc ::TRAVELERS PARTNERS WITH ASQ UNDERWRITING TO PROVIDE TRANSACTIONAL RISK INSURANCE IN THE UNITED STATES.TRAVELERS COMPANIES - ASQ UNDERWRITING WILL UNDERWRITE TRANSACTIONAL RISK POLICIES FOR TRAVELERS, WITH INITIAL GROSS CAPACITY OF $50 MILLION/TRANSACTION.TRAVELERS COMPANIES INC - "TRAVELERS WILL MANAGE CLAIMS PROCESS IN CLOSE COORDINATION WITH ASQ UNDERWRITING.".  Full Article

Travelers To Become Exclusive Provider Of U.S. Auto Insurance Claim Management For Lyft
Wednesday, 2 Jan 2019 

Jan 2 (Reuters) - Travelers Companies Inc ::TRAVELERS TO BECOME EXCLUSIVE PROVIDER OF U.S. AUTO INSURANCE CLAIM MANAGEMENT FOR LYFT.TRAVELERS COMPANIES INC - EFFECTIVE FEB. 1, 2019, IT WILL BECOME EXCLUSIVE PROVIDER OF U.S. AUTO INSURANCE CLAIM SERVICES FOR LYFT.  Full Article

Travelers Companies Offers Smart Home Kits With Devices And Installation Through Industry-First Digital Storefront On Amazon.Com
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Travelers Companies Inc ::TRAVELERS TEAMS UP WITH AMAZON TO PROVIDE SMART HOME SOLUTIONS.OFFERS SMART HOME KITS WITH DEVICES AND INSTALLATION THROUGH INDUSTRY-FIRST DIGITAL STOREFRONT ON AMAZON.COM.TRAVELERS SAYS INTRODUCES ALEXA SKILLS FOR BILLING INFORMATION AND HOME MAINTENANCE TIPS.  Full Article

Kittyhawk Secures Funding From Travelers
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Travelers Companies Inc ::KITTYHAWK SECURES FUNDING FROM TRAVELERS.KITTYHAWK - ANNOUNCED A STRATEGIC INVESTMENT FROM TRAVELERS COMPANIES, INC.KITTYHAWK - TRAVELERS INVESTMENT WILL HELP CO BRING UNIFIED DRONE OPERATIONS TO NEW MARKETS.  Full Article

Travelers Announces Jay S. Benet To Step Down As CFO, Daniel S. Frey To Assume The Role
Wednesday, 8 Aug 2018 

Aug 7 (Reuters) - Travelers Companies Inc ::TRAVELERS ANNOUNCES JAY S. BENET TO STEP DOWN AS CHIEF FINANCIAL OFFICER; DANIEL S. FREY TO ASSUME THE ROLE.TRAVELERS COMPANIES INC - JAY BENET WILL CONTINUE TO SERVE ON SENIOR LEADERSHIP TEAM AS VICE CHAIRMAN.TRAVELERS COMPANIES INC - BENET WILL REMAIN ON SENIOR LEADERSHIP TEAM AS VICE CHAIRMAN.TRAVELERS COMPANIES INC - FREY CURRENTLY SERVES AS CFO OF PERSONAL INSURANCE SEGMENT.  Full Article

Travelers Companies Reports Q2 Core EPS $1.81
Thursday, 19 Jul 2018 

July 19 (Reuters) - Travelers Companies Inc ::TRAVELERS COMPANIES - QTRLY EARNINGS PER SHARE $1.92; QTRLY CORE EARNINGS PER SHARE $1.81.TRAVELERS COMPANIES - QTRLY NET WRITTEN PREMIUMS $7.13 BILLION VERSUS $6.64 BILLION.TRAVELERS COMPANIES - QTRLY TOTAL REVENUE $7.48 BILLION VERSUS $7.18 BILLION LAST YEAR.TRAVELERS COMPANIES - QTRLY COMBINED RATIO 98.1 PERCENT VERSUS 96.7 PERCENT.TRAVELERS COMPANIES - QTRLY NET INVESTMENT INCOME OF $595 MILLION PRE-TAX VERSUS $598 MILLION.TRAVELERS COMPANIES - AT QUARTER-END, BOOK VALUE PER SHARE OF $84.51 & ADJUSTED BOOK VALUE PER SHARE OF $84.93.TRAVELERS COMPANIES - QTRLY CATASTROPHE LOSSES, NET OF REINSURANCE WERE $488 MILLION VERSUS $403 MILLION.TRAVELERS COMPANIES - QTRLY RESULTS INCLUDE CATASTROPHE LOSSES OF $1.40 PER DILUTED SHARE.TRAVELERS COMPANIES - BOARD OF DIRECTORS DECLARED QUARTERLY DIVIDEND PER SHARE OF $0.77.TRAVELERS COMPANIES INC <<>> Q2 SHR VIEW $2.42, REV VIEW $6.92 BLN -- THOMSON REUTERS I/B/E/S.  Full Article

BRIEF-Berkshire Hathaway Inc Cuts Share Stake In Travelers Companies & Goldman Sachs

* BERKSHIRE HATHAWAY INC CUTS SHARE STAKE IN TRAVELERS COMPANIES INC BY 94.8 PERCENT TO 312,379 SHARES - SEC FILING