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The Travelers Companies, Inc.

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Travelers boasts a strong market position as one of the leading writers of auto and homeowners’ insurance and commercial U.S. property-casualty insurance with impressive inorganic growth story. It has been generating sufficient capital and prudently using it to boost shareholders’ value and pursue growth initiatives. Solid retention and positive renewal rate change are the positives. With the rising interest rate environment, Travelers expects $20-$25 million higher after-tax net investment income on a quarterly basis in 2019. However, exposure to catastrophe loss remains headwind for underwriting results. Shares of Travelers have underperformed the industry year to date. Also, the Zacks Consensus estimate for 2018 moved south by one cent in the last seven days. Travelers  is set to report third-quarter results on Oct 18. A Zacks Rank #3 and Earnings ESP of -2.12% makes positive surprise prediction difficult.

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