Travelers Company Inc. (TRV)




Dow Jones I.A.

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$ 103.81
  • Change Today:
  • 52 Week High: $104.46
  • 52 Week Low: $80.26
  • Currency: US Dollars
  • Shares Issued: 331.40m
  • Volume: 1,767,075
  • Market Cap: $34,402m
  • RiskGrade: 58
  • Beta: 0.33

Travelers confident of raising prices after catastrophes

Date: Wednesday 19 Oct 2011

LONDON (ShareCast) - Shares in US insurer Travelers headed north, despite a slump in operating earnings, which the company blamed on bad weather.

The New York based insurer reported a 67% decline in earnings to $332m in the third quarter, down from an operating profit of $858m in the corresponding period of last year, as the company counted the cost of natural disasters such as Hurricane Irene.

The insurer reported $394m in catastrophe costs, five times greater than last year's uneventful third quarter.

Earnings per share came in at $0.79 compared to the market consensus estimate of $0.90.

Even so, Travelers remains optimistic: "We are very pleased with our progress to date," said Chief Executive Jay Fishman. The company does not appear concerned about its ability to raise rates to cover rising costs. Industry observers have often remarked that it is easier for insurance companies to bump up premia after a high-profile catastrophe.


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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.


Travelers Company Market Data

Currency US Dollars
Share Price $ 103.81
Change Today $ 0.35
% Change 0.34 %
52 Week High $104.46
52 Week Low $80.26
Volume 1,767,075
Shares Issued 331.40m
Market Cap $34,402m
Beta 0.33
RiskGrade 58

What The Brokers Say

Strong Buy 8
Buy 1
Neutral 19
Sell 0
Strong Sell 1
Total 29
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 21-Nov-2014

Time Volume / Share Price
16:05 180,509 @ $103.81
15:59 100 @ $103.76
15:59 600 @ $103.77
15:59 100 @ $103.76
15:59 200 @ $103.76

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