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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 #4 (Sell), but that could definitely change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Bottom Line Beats Expectation
Travelers beats earnings. Our consensus called for EPS of 52 cents per share, and the company reported EPS of 91 cents per share. However, bottom line plunged 62.1% year over year.
The Travelers Companies, Inc. Price and EPS Surprise
Revenues of $7.3 billion outperformed the Zacks Consensus Estimate of $7.0 billion.
Key Stats to Note
• Net written premiums of $6.7 billion, up 4.2% year over year.
• Underwriting loss came in at $246 million, as against the underwriting gain of $408 million in the year-ago quarter.
• Combined ratio deteriorated by 1030 basis points to 103.2%.
• Adjusted book value per share improved 5.4% year over year to $83.06 as on Sep 30, 2017.
• Returned $528 million in capital to shareholders.
• Quarterly dividend declared was 72 cents per share.
Check back later for our full write up on this Travelers earnings report later!
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Travelers (TRV) Q3 Earnings Beat, Revenues Improve Y/Y
Bottom Line Beats Expectation
The Travelers Companies, Inc. Price and EPS Surprise
The Travelers Companies, Inc. Price and EPS Surprise | The Travelers Companies, Inc. Quote
Revenues Beat
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>