The Travelers Companies, Inc. (NYSE:TRV) commercial and personal property insurance provider, is expected to report third quarter earnings results, before market open, on Tuesday 20th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 3.16 per share.
Looking ahead, the full year income are expected at $ 8.58 per share on the revenues of $ 29406.00 million.
Previous Quarter Performance
The Travelers Companies, Inc. revealed loss for the second quarter of $ 0.20 per share, from the revenue of $ 7,401.00 million. The quarterly revenues contracted 0.66 percent compared with the same quarter last year. Wall street analysts are predicting, TRV to report 2Q20 loss of $ 0.20 per share from revenue of $ 7355.12 million. The top line results outshined analysts by $ 45.88 million or 0.62 percent.
Stock Performance
Shares of The Travelers Companies, Inc. traded low $ -1.48 or -1.31 percent on Monday, reaching $ 111.84 with volume of 1.10 million shares. The Travelers Companies, Inc. has traded high as $ 114.37 and has cracked $ 111.69 on the downward trend
According to the previous trading day, closing price of $ 111.84, representing a 47.19 % increase from the 52 week low of $ 76.99 and a 20.12 % decrease over the 52 week high of $ 141.87.
The company has a market capital of $ 28.32 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Analyst recommendations
- On 12th October 2020, downgraded by JPMorgan Chase & Co. to Underweight from Neutral rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.85 per share on July 23, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 10, 2020 and ex-dividend date on September 9, 2020.
Conference Call
The Travelers Companies, Inc. will be hosting a conference call at 9:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.travelers.com
The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business Insurance segment offers workers compensation, commercial automobile and property, general liability, commercial multi-peril, employers liability, public and product liability, professional indemnity, marine, aviation, onshore and offshore energy, construction, terrorism, personal accident, and kidnap and ransom insurance products.
