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Travelers (TRV) Q4 Earnings and Revenues Beat Estimates
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New York based The Travelers Companies, Inc. (TRV - Free Report) is one of the leading writer of auto and homeowners’ insurance through independent agents as well as writer of commercial U.S. property-casualty insurance.
Travelers’ impressive inorganic growth story bodes well for long-term growth. While its prudent acquisitions help to expand in the attractive and growing market place outside the United States as well, the same bear testimony of its solid capital and liquid position.
Travelers’ focus on reducing operating expenses and acquisition costs in order to improve underwriting margins bodes well for to have more competitively priced product in its portfolio. However, exposure to catastrophe loss always remains a concern as occurrence of any dent underwriting results.
Currently, Travelers has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here., but that could definitely change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Bottom Line Beat Expectation
Travelers beat earnings. Our consensus called for EPS of $2.63 per share, and the company reported EPS of $3.20 per share. Moreover, bottomline improved 10.3% year over year.
The Travelers Companies, Inc. Price and EPS Surprise
Revenues of $7.2 billion outperformed the Zacks Consensus Estimate of $6.8 billion.
Key Stats to Note
• Net written premiums of $6.1 billion, up 3.3% year over year. • Underwriting gains plunged 23.7% to $590 million. • Combined ratio deteriorated by 340 basis points to 90.0%. • Adjusted book value per share improved 6.7% year over year to $80.44 as on Dec 31, 2016 • Returned over $3.2 billion in capital to shareholders.
Check back later for our full write up on this Travelers earnings report later!
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Travelers (TRV) Q4 Earnings and Revenues Beat Estimates
New York based The Travelers Companies, Inc. (TRV - Free Report) is one of the leading writer of auto and homeowners’ insurance through independent agents as well as writer of commercial U.S. property-casualty insurance.
Travelers’ impressive inorganic growth story bodes well for long-term growth. While its prudent acquisitions help to expand in the attractive and growing market place outside the United States as well, the same bear testimony of its solid capital and liquid position.
Travelers’ focus on reducing operating expenses and acquisition costs in order to improve underwriting margins bodes well for to have more competitively priced product in its portfolio. However, exposure to catastrophe loss always remains a concern as occurrence of any dent underwriting results.
Currently, Travelers has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here., but that could definitely change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Bottom Line Beat Expectation
Travelers beat earnings. Our consensus called for EPS of $2.63 per share, and the company reported EPS of $3.20 per share. Moreover, bottomline improved 10.3% year over year.
The Travelers Companies, Inc. Price and EPS Surprise
The Travelers Companies, Inc. Price and EPS Surprise | The Travelers Companies, Inc. Quote
Revenues Beat
Revenues of $7.2 billion outperformed the Zacks Consensus Estimate of $6.8 billion.
Key Stats to Note
• Net written premiums of $6.1 billion, up 3.3% year over year.
• Underwriting gains plunged 23.7% to $590 million.
• Combined ratio deteriorated by 340 basis points to 90.0%.
• Adjusted book value per share improved 6.7% year over year to $80.44 as on Dec 31, 2016
• Returned over $3.2 billion in capital to shareholders.
Check back later for our full write up on this Travelers earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017? Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>