Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Travelers (TRV - Free Report) , which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Travelers currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for TRV that show why this insurer shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For TRV, shares are up 5.64% over the past week while the Zacks Insurance - Property and Casualty industry is up 3.58% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 11.88% compares favorably with the industry's 8.69% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Travelers have increased 7.83% over the past quarter, and have gained 50.67% in the last year. In comparison, the S&P 500 has only moved 2.49% and 15.59%, respectively.
Investors should also pay attention to TRV's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. TRV is currently averaging 1,341,677 shares for the last 20 days.
Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with TRV.
Over the past two months, 14 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost TRV's consensus estimate, increasing from $33.82 to $35.96 in the past 60 days. Looking at the next fiscal year, 11 estimates have moved upwards while there have been 1 downward revision in the same time period.
Bottom LineTaking into account all of these elements, it should come as no surprise that TRV is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Travelers on your short list.
Diversify Advisory Services LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE: TRV) by 20.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,474 shares of the insurance provider's stock after purchasing an additional 1,614 shares
HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today announced the continuation of its Risk. Regulation. Resilience. Responsibility.℠ education initiative, with a series of events planned this October in four new cities. The multiyear effort brings together policymakers, insurance professionals and consumers to address insurance availability and affordability challenges and build more resilient communities – th.
Grant Private Wealth Management Inc bought a new stake in The Travelers Companies, Inc. (NYSE:TRV – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,966 shares of the insurance provider’s stock, valued at approximately $1,057,000.
Several other large investors have also recently bought and sold shares of TRV. V Square Quantitative Management LLC lifted its stake in shares of Travelers Companies by 2.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 5,719 shares of the insurance provider’s stock worth $2,039,000 after acquiring an additional 113 shares during the period. Wealth Enhancement Trust Services Inc. boosted its holdings in shares of Travelers Companies by 286.8% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 1,899 shares of the insurance provider’s stock valued at $677,000 after acquiring an additional 1,408 shares in the last quarter. Bank of New Hampshire increased its stake in shares of Travelers Companies by 1.5% during the third quarter. Bank of New Hampshire now owns 5,871 shares of the insurance provider’s stock valued at $2,093,000 after acquiring an additional 88 shares during the period. QRG Capital Management Inc. raised its holdings in Travelers Companies by 39.4% during the second quarter. QRG Capital Management Inc. now owns 89,892 shares of the insurance provider’s stock worth $29,675,000 after purchasing an additional 25,395 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in Travelers Companies by 14.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,709 shares of the insurance provider’s stock worth $2,545,000 after purchasing an additional 977 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.
Travelers Companies Trading Down 0.2% Shares of NYSE:TRV opened at $388.66 on Monday. The stock has a market capitalization of $81.06 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 3.01 and a beta of 0.43. The Travelers Companies, Inc. has a 1-year low of $261.87 and a 1-year high of $398.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50 day moving average price of $368.98 and a 200 day moving average price of $337.82.
Travelers Companies (NYSE:TRV – Get Free Report) last posted its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.39 by $1.79. The firm had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.14 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 34.25 EPS for the current fiscal year. Travelers Companies Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.11%.
Insiders Place Their Bets In other news, EVP Michael Klein sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Daniel Frey sold 14,037 shares of the stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 58,667 shares of company stock worth $21,830,989. Corporate insiders own 1.39% of the company’s stock.
Analyst Ratings Changes A number of equities analysts have issued reports on the company. UBS Group increased their price target on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $348.00 to $352.00 and gave the stock a “neutral” rating in a research note on Friday, October 9th. Wells Fargo & Company reissued a “cautious” rating on shares of Travelers Companies in a research note on Monday, October 12th. Barclays upped their price objective on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $357.26.
Read Our Latest Analysis on Travelers Companies
Key Travelers Companies News Here are the key news stories impacting Travelers Companies this week:
Positive Sentiment: Travelers reported third-quarter core earnings of $9.18 per diluted share, well above the $7.39 analyst consensus, while revenue of $12.41 billion also exceeded expectations. Core income rose 4% year over year to $1.947 billion. Travelers Companies Stock Is Gaining Friday: What’s Going On? Positive Sentiment: Record pre-tax net investment income of $1.098 billion, favorable prior-year reserve development and an improved consolidated combined ratio of 86.8% supported profitability. Travelers also repurchased $1.508 billion of stock and returned $1.769 billion to shareholders during the quarter. TRV Q3 Earnings Beat on Reserve Gains and Investment Income Positive Sentiment: Truist Securities raised its price target to $435 from $425 and maintained a Buy rating, signaling continued analyst confidence following the earnings beat. Truist Raises Price Target on Travelers Neutral Sentiment: Travelers increased its cyber quota-share cession at the October renewal, transferring more cyber exposure to reinsurers. This may reduce volatility but could also limit underwriting revenue and earnings upside. Travelers Increases Cyber Quota Share Cession Negative Sentiment: Catastrophe losses increased to approximately $538 million from $402 million a year earlier, raising concerns about claims inflation and the sustainability of Travelers’ underwriting gains. Analysts also cautioned that earnings could be peaking after the sizable beat. Travelers Stock Falls as Earnings Top Estimates Travelers Companies Company Profile (Free Report)
Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.
Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.
Read More Five stocks we like better than Travelers Companies These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV – Free Report).
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Some insurers have raised their dividends every single year for over four decades, and three of them are doing it right now with payout ratios so conservative they could survive a catastrophic claims year without skipping a beat.
Insurers collect premiums today and pay claims later, and the best of them turn that gap into a dividend that grows year after year. Aflac (NYSE:AFL | AFL Price Prediction), Travelers (NYSE:TRV) and Chubb (NYSE:CB) all raised their quarterly payouts this year, and Aflac’s run is the longest: management counts 43 consecutive years of dividend increases. The starting yields are modest. What you’re buying is a payout that keeps growing, backed by underwriting profits, rising investment income, and payout ratios low enough to absorb a bad year.
Aflac: A Raise Record Built on Cancer and Medical Policies Aflac yields 2.02% at a share price of $119.64, the highest starting yield of the three. The quarterly dividend is $0.61, up from $0.58, a 5.2% raise. The company’s chief executive put the commitment: “We treasure our 43 consecutive years of dividend increases and remain committed to extending this record in 2026.”
Aflac’s business differs significantly from the other two names here. It sells supplemental health and life policies that pay cash to policyholders who are diagnosed with cancer, hospitalized, or disabled, and much of that business is in Japan. Hurricanes and hailstorms don’t touch it. The number that matters is the benefit ratio, the share of premiums paid back as claims. In Japan, it came in at 64% last quarter, down 250 basis points from a year earlier.
Dividend safety: The annual dividend of $2.38 per share uses about 25.6% of trailing earnings of $9.30 per share. Dividends are the smallest piece of what Aflac returns to shareholders: last quarter it paid $309 million in dividends next to $983 million of buybacks. Unencumbered liquidity stood at $3.3 billion, $2.3 billion above its minimum, and adjusted leverage of 21.8% sits within its 20 to 25% target. Combined risk-based capital was slightly above 600%.
Bull case: As medical costs rise, Aflac’s product becomes more useful to households. The chief executive said, “The need for our products is actually more compelling in this type of environment because the financial risk to the household becomes more pronounced and more impactful.” The stock trades at about 13 times trailing earnings with a beta of 0.556, which fits a portfolio built for steady income.
Risk: Because so much of the business is in Japan, a weak yen reduces reported results. The currency took $0.05 off second-quarter adjusted EPS of $1.75, and Japan net earned premiums fell 3.7% in yen terms.
Travelers: Record Investment Income Backs a Bigger Check Travelers yields 1.22% at $389. Alongside Friday’s third-quarter results, it declared another quarterly dividend of $1.25, keeping this year’s raise from $1.10 in place. That raise was about 13.6%, the biggest of the three. The quarterly rate has gone up every year in the dividend record back to 2009, when it was $0.33.
For property and casualty insurers, underwriting quality comes down to the combined ratio: claims plus expenses as a share of premiums. A reading below 100% means the insurer made money on its policies before counting any investment income. Travelers posted a third-quarter combined ratio of 86.8%. Its underlying ratio, which strips out disasters and reserve changes, came in at 84.1% and has stayed below 86% for the ninth consecutive quarter. Core EPS of $9.18 beat the $7.36 estimate.
Dividend safety: The dividend uses only about 12.6% of trailing EPS of $37.23. Last quarter Travelers paid $261 million in dividends against $3.9 billion of operating cash flow. Debt-to-capital of 21.7% is inside its 15% to 25% target. The float is earning more, too: after-tax net investment income reached a record $908 million, and management expects fixed-income investment income of more than $3.6 billion next year.
The bull case here is that management thinks this level of earnings can last. According to the CFO, “The zip code that we’re in now is just a completely different zip code than we used to be in, and we don’t see any reason that that’s likely to change.” The stock is up 35.61% year to date and still trades at about 11 times forward earnings.
Risk: Catastrophes are the biggest swing factor. Tornadoes and hail in the central United States produced $538 million of pre-tax disaster losses last quarter, and one heavy storm season can wipe out a year of underwriting gains.
Chubb: An All-Weather Underwriter With a Steady Raise Habit Chubb yields 1.11% at $358.01. Its quarterly dividend is $1.02, up from $0.97, a 5.2% raise. The rate has risen every year since 2016, when it rose from $0.67 to $0.69, with no cuts along the way.
Chubb is legally based in Zurich but listed on the NYSE. It writes property, casualty, accident and health, and life insurance worldwide. Its second-quarter combined ratio of 83.8% means about 16 cents of underwriting profit on every premium dollar, and P&C underwriting income rose 18.8% to $1.94B. Adjusted net investment income hit a record $1.88B, earned on a $175B invested asset base.
Dividend safety: The dividend uses about 13.9% of trailing EPS of $28.23. Operating cash flow was $3.73B last quarter, against $395 million of dividends. The board also approved a new $7.5 billion buyback program. Debt of $18.1B yields a leverage ratio of 19.1%, and tangible book value per share rose 17.1% year over year.
Bull case: Chubb’s size and spread across regions keep its results steady. The CEO called it “an all-weather firm” and pointed to premium growth of 15.6% in Latin America and 12% in Asia. The stock trades at about 12 times forward earnings.
Risk: Prices are moderating. Management warned that “soft market conditions have begun to spread beyond property to more casualty lines, particularly E&S,” while primary casualty loss costs are rising 6% to 7% a year. If pricing falls behind claims costs, underwriting margins will be reduced.
Three Ways to Collect a Growing Insurance Dividend Aflac has the longest record and the highest yield, and its earnings come from health claims rather than the weather. Travelers gave the biggest raise this year, and Chubb brings the widest global book. All three pay out less than a third of earnings, which leaves plenty of room to keep raising. Over the next few quarters, watch combined ratios and investment income, since those two numbers fund the next raise.
Contact [email protected] for any questions or corrections.
Key Takeaways TRV reported Q3 core EPS of $9.18, beating estimates by 29.8%, with an underlying combined ratio of 84.1%. TRV projects fixed-income investment income exceeding $3.6 billion in 2027, supported by reinvestment yields.Travelers maintains disciplined commercial pricing and expands AI-driven claims tools to improve efficiency. The Travelers Companies, Inc. (TRV - Free Report) emphasized durable underwriting profitability, rising investment income and disciplined pricing during its third-quarter 2026 earnings call. Management expressed confidence it can sustain strong returns despite moderating insurance pricing and competitive pressures.
The insurer reported core earnings of $9.18 per share, beating the Zacks Consensus Estimate of $7.07 by 29.80%. Revenues of $12.44 billion exceeded the consensus estimate of $12.39 billion by 0.40%.
Travelers Sees Durable Underwriting ProfitabilityChairman and CEO Alan Schnitzer emphasized the sustainability of underwriting earnings, supported by risk selection, pricing capabilities and technology investments. The consolidated underlying combined ratio was 84.1%, marking nine consecutive quarters below 86%.
During the analyst Q&A, an Evercore ISI analyst questioned whether approximately $5.5 billion in underlying underwriting income could remain sustainable into 2027.
Schnitzer reaffirmed confidence in that earnings level. Executive vice president and CFO Daniel Frey clarified that annual results could fluctuate but management expects underwriting profitability to remain structurally stronger than historical levels.
TRV Projects Continued Investment Income GrowthFrey highlighted rising fixed-income yields and expanding invested assets as important earnings drivers. Quarterly pretax net investment income reached a record $1.098 billion, increasing 6% year over year.
Management expects approximately $875 million in after-tax fixed-income investment income during fourth-quarter 2026, bringing the full-year total to $3.3 billion.
For 2027, Travelers projects more than $3.6 billion, with quarterly income increasing from approximately $875 million in the first quarter to $965 million in the fourth quarter. Higher reinvestment yields underpin these expectations.
Travelers Maintains Commercial Pricing DisciplineExecutive vice president and Business Insurance president Greg Toczydlowski highlighted disciplined underwriting amid moderating renewal pricing. Business Insurance net written premiums increased 4%, excluding divested Canadian operations.
Renewal premium change was 4.1%, including 5.4% in Middle Market and 7.8% in Select. Retention remained strong at 86%, while new business increased 4% to $699 million.
During the Q&A, a BMO Capital Markets analyst questioned the decline in renewal premium changes. Schnitzer characterized the pricing environment as stable, noting modest sequential movements in property and liability pricing. Management declined to establish a bottom for property pricing.
TRV Balances Personal Insurance Growth and ReturnsExecutive vice president and Personal Insurance president Michael Klein emphasized profitability over near-term premium expansion. Personal Insurance net written premiums declined 7%, while the underlying combined ratio improved one point to 76.7%.
Klein explained that moderating pricing reflects favorable loss experience. Automobile retention stood at 81%, while Homeowners retention reached 85%.
Addressing competitive concerns raised by a TD Cowen analyst, Klein described selective automobile rate reductions and distribution expansion. Management continues pursuing agent appointments and opportunities to consolidate business from competing carriers without compromising underwriting discipline.
Travelers Expands AI-Driven Claims CapabilitiesSchnitzer outlined investments in Artificial Intelligence and claims technology designed to address rising litigation costs and improve underwriting decisions.
A digital claims-resolution pilot generated engagement from more than 80% of claimants offered the tool. AI capabilities also help claims professionals analyze extensive files and respond more effectively to attorney demands.
During the Q&A, analysts questioned litigation trends and reserve adequacy. Frey maintained that liability loss costs were developing within expectations. He cautioned that successful claims initiatives could eventually reduce required reserves, but management has not incorporated that outcome into its projections.
TRV Focuses on Returns and Capital DisciplineManagement maintained a confident outlook for 2027 while declining to provide specific premium growth or combined ratio forecasts.
Frey expects the expense ratio to remain slightly below 29% in 2026 and around the same level in 2027. Travelers also returned approximately $1.8 billion to shareholders during the quarter, including $1.5 billion through repurchases.
The company's priorities remain underwriting discipline, investment income growth, technology deployment and measured capital allocation.
What TRV's Zacks Rank and Style Scores IndicateTravelers currently carries a Zacks Rank #3 (Hold), indicating a neutral near-term earnings-revision signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Its Value Score and Momentum Score of B reflect comparatively favorable characteristics in those categories.
However, the Growth Score of F indicates weak growth characteristics, while the VGM Score of D reflects a less favorable combined assessment across value, growth and momentum.
These mixed signals warrant a measured interpretation of the stock's near-term prospects. The Zacks Rank can change as analysts revise earnings estimates following the latest quarterly results.
The Travelers Companies, Inc. (NYSE:TRV – Get Free Report)’s share price gapped down prior to trading on Friday. The stock had previously closed at $383.89, but opened at $370.00. Travelers Companies shares last traded at $388.10, with a volume of 408,868 shares changing hands.
Key Headlines Impacting Travelers Companies Here are the key news stories impacting Travelers Companies this week:
Positive Sentiment: Travelers reported third-quarter core earnings of $9.18 per diluted share, well above the $7.39 analyst consensus, while revenue of $12.41 billion also exceeded expectations. Core income rose 4% year over year to $1.947 billion. Travelers Companies Stock Is Gaining Friday: What’s Going On? Positive Sentiment: Record pre-tax net investment income of $1.098 billion, favorable prior-year reserve development and an improved consolidated combined ratio of 86.8% supported profitability. Travelers also repurchased $1.508 billion of stock and returned $1.769 billion to shareholders during the quarter. TRV Q3 Earnings Beat on Reserve Gains and Investment Income Positive Sentiment: Truist Securities raised its price target to $435 from $425 and maintained a Buy rating, signaling continued analyst confidence following the earnings beat. Truist Raises Price Target on Travelers Neutral Sentiment: Travelers increased its cyber quota-share cession at the October renewal, transferring more cyber exposure to reinsurers. This may reduce volatility but could also limit underwriting revenue and earnings upside. Travelers Increases Cyber Quota Share Cession Negative Sentiment: Catastrophe losses increased to approximately $538 million from $402 million a year earlier, raising concerns about claims inflation and the sustainability of Travelers’ underwriting gains. Analysts also cautioned that earnings could be peaking after the sizable beat. Travelers Stock Falls as Earnings Top Estimates Wall Street Analyst Weigh In A number of research firms have recently weighed in on TRV. HSBC upped their price objective on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Wells Fargo & Company reissued a “cautious” rating on shares of Travelers Companies in a research note on Monday, October 12th. Piper Sandler lifted their target price on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Weiss Ratings raised Travelers Companies from a “buy (a)” rating to a “buy (a+)” rating in a report on Friday, October 9th. Finally, Cantor Fitzgerald upped their price target on Travelers Companies from $377.00 to $378.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $357.26.
View Our Latest Analysis on TRV Travelers Companies Stock Up 1.2% The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $81.07 billion, a P/E ratio of 10.19, a PEG ratio of 3.01 and a beta of 0.43. The company has a fifty day moving average price of $368.98 and a 200-day moving average price of $337.49.
Travelers Companies (NYSE:TRV – Get Free Report) last issued its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.39 by $1.79. The business had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $11.36 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $8.14 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 34.25 EPS for the current fiscal year.
Travelers Companies Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. Travelers Companies’s payout ratio is currently 13.11%.
Insider Activity In related news, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 6,000 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $369.86, for a total value of $2,219,160.00. Following the sale, the executive vice president owned 118,742 shares in the company, valued at $43,917,916.12. The trade was a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 58,667 shares of company stock worth $21,830,989. Company insiders own 1.39% of the company’s stock.
Institutional Trading of Travelers Companies A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Travelers Companies in the 2nd quarter worth $6,915,909,000. Bank of America Corp DE purchased a new stake in shares of Travelers Companies during the 2nd quarter worth $932,142,000. GQG Partners LLC purchased a new stake in shares of Travelers Companies during the 2nd quarter worth $789,024,000. Legal & General Group Plc bought a new stake in Travelers Companies during the second quarter valued at about $558,164,000. Finally, Bank of New York Mellon Corp bought a new stake in Travelers Companies during the second quarter valued at about $469,505,000. 82.45% of the stock is owned by hedge funds and other institutional investors.
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Travelers Companies, Inc is an insurance provider that offers property and casualty coverage to individuals, businesses and organizations. The company operates through three primary segments: Personal Insurance, Business Insurance, and Bond & Specialty Insurance.
Its products and services include automobile and homeowners insurance, workers’ compensation, commercial property and casualty coverage, general and professional liability insurance, surety and fidelity bonds, and specialized insurance solutions for industries and businesses with complex risks.
Further Reading Five stocks we like better than Travelers Companies Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027 ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid Does the AI Selloff Put Alphabet’s Breakout in Doubt? Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.
On its third quarter 2026 earnings call, held on Oct. 16, 2026, Travelers (TRV +1.47%) reported core income of $1.95 billion and a core return on equity -- a key measure of profitability relative to shareholder capital -- of 22.1%.
Long-term investors should care because expanding investment yields and disciplined underwriting continue to compound cash flows and fuel significant capital returns. Three takeaways from management's comments stand out.
1. Artificial Intelligence Is Transforming Claim Operations and PricingThe insurer uses artificial intelligence to analyze complex legal documents and lower loss costs from litigation abuse. This technology feeds granular claims data directly back to underwriters to refine risk selection and pricing models.
When a claimant has an attorney, we are using AI to sharpen our responses to their demands. It starts with the file. AI gives our claim professionals a faster, deeper command of claim files that can run hundreds of pages.
-- Alan David Schnitzer, Chairman and Chief Executive Officer2. Underwriting Income Demonstrates Durability Across Market CyclesScale and strict pricing discipline protect profit margins even as insurance pricing moderates across commercial lines. Predictive analytics and proprietary risk models help maintain underwriting earnings above historical levels.
We would absolutely reiterate the durability of underlying underwriting income. And just to give you a little color behind that, I mean, putting in some historical context, we are a larger, more profitable company than we have been historically.
-- Alan David Schnitzer, Chairman and Chief Executive Officer3. Investment Portfolio Growth Supports Sustained Capital ReturnsHigher fixed-income yields expand net investment income while operating cash flow supports substantial share buybacks. Capital allocation remains balanced between internal technology investments and direct cash returns to shareholders.
Through the first 3 quarters of 2026, we have grown our investment portfolio by approximately $6 billion even after having returned a record level of capital to investors through dividends and share repurchases.
-- Daniel Stephen Frey, Chief Financial OfficerLooking AheadUnderwriting profitability and investment yield momentum converge to drive strong financial results, and management openly projects confidence in the business trajectory.
Our excellent underwriting and investment results through the first 9 months of the year reflect our unmatched competitive advantages and the strength of the value proposition we offer to our customers and distribution partners.
-- Alan David Schnitzer, Chairman and Chief Executive OfficerProprietary analytics and national scale provide structural advantages in risk selection and agent distribution. As market pricing moves, management keeps a close eye on pricing discipline and liability claims to ensure long-term returns remain intact.
We are well positioned to close out an outstanding year. That momentum, the advances we are making on our innovation agenda, and the best talent in the industry give us tremendous confidence heading into 2027 and beyond.
-- Alan David Schnitzer, Chairman and Chief Executive OfficerThe Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The Travelers Companies delivered solid Q3 2026 results, with all major business units posting underwriting profits and net favorable prior-year reserve development. TRV's bond-heavy investment portfolio faced realized and unrealized losses from rising yields, but record net investment income offset some pressure. Net written premiums grew modestly, while catastrophe losses increased versus 2025 but were manageable due to strong reserve releases.
NEW YORK--(BUSINESS WIRE)--The Travelers Companies, Inc. today reported net income of $1.917 billion, or $9.04 per diluted share, for the quarter ended September 30, 2026, compared to $1.888 billion, or $8.24 per diluted share, in the prior year quarter. Core income in the current quarter was $1.947 billion, or $9.18 per diluted share, compared to $1.867 billion, or $8.14 per diluted share, in the prior year quarter. Core income increased primarily due to higher net favorable prior year reserve.
The Travelers Companies, Inc. (TRV) Q3 2026 Earnings Call October 16, 2026 9:00 AM EDT
Company Participants
Abbe Goldstein - Senior Vice President of Investor Relations
Alan Schnitzer - Chairman & CEO
Daniel Frey - Executive VP & CFO
Greg Toczydlowski - Executive VP & President of Business Insurance
Jeffrey Klenk - Executive VP and President of Bond & Specialty Insurance
Michael Klein - Executive VP & President of Personal Insurance
Conference Call Participants
David Motemaden - Evercore ISI Institutional Equities, Research Division
Charles Peters - Raymond James & Associates, Inc., Research Division
Tracy Dolin-Benguigui - Wolfe Research, LLC
Katie Sakys - Autonomous Research US LP
Joshua Shanker - BofA Securities, Research Division
Michael Zaremski - BMO Capital Markets Equity Research
Elyse Greenspan - Wells Fargo Securities, LLC, Research Division
Andrew Kligerman - TD Cowen, Research Division
Yaron Kinar - Mizuho Securities USA LLC, Research Division
Matthew Heimermann - Citigroup Inc., Research Division
Presentation
Operator
Good morning, ladies and gentlemen. Welcome to the Third Quarter Results Teleconference for Travelers. [Operator Instructions] As a reminder, this conference is being recorded on October 16, 2026.
At this time, I would like to turn the conference over to Ms. Abbe Goldstein, Senior Vice President of Investor Relations. Ms. Goldstein, you may begin.
Abbe Goldstein
Senior Vice President of Investor Relations
Thank you. Good morning, and welcome to Travelers' discussion of our third quarter 2026 results. We released our press release, financial supplement and webcast presentation earlier this morning. All of these materials can be found on our website at travelers.com under the Investors section.
Speaking today will be Alan Schnitzer, Chairman and CEO; Dan Frey, CFO; and our 3 segment Presidents: Greg Toczydlowski of Business Insurance; Jeff Klenk of Bond & Specialty Insurance; and Michael Klein of Personal Insurance. They will discuss the financial results of our business and the current market environment. They will refer to the webcast presentation as they go through prepared remarks, and
Travelers Stock Surges 10% as Earnings Beat Reveals Underwriting DisciplineTravelers Companies NYSE: TRV reported third-quarter 2026 core income of $1.95 billion, or $9.18 per diluted share, as strong underwriting profitability across all three insurance segments and record investment income supported results.
Chairman and Chief Executive Officer Alan Schnitzer said the insurer generated a 22.1% core return on equity during the quarter and a 24.1% core return on equity over the trailing four quarters. Pre-tax underwriting income was $1.4 billion, while the reported combined ratio improved to 86.8% and the underlying combined ratio was 84.1%.
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Allstate’s Comeback Is Turning Into a Profit Machine“It was another in a run of successful quarters with very strong underwriting performance across all three segments and a record result from our investment portfolio,” Schnitzer said.
Investment Income, Capital Returns and Reserve Development
After-tax net investment income increased 7% from a year earlier to $908 million, surpassing $900 million in a quarter for the first time, according to Chief Financial Officer Dan Frey. The increase reflected higher invested assets, higher average yields on fixed maturities and a strong result from non-fixed-income investments.
3 Insurance Stocks That Can Act as a New Inflation Hedge Travelers expects after-tax fixed-income net investment income of about $875 million in the fourth quarter, bringing its projected 2026 total to $3.3 billion. For 2027, the company expects fixed-income net investment income to exceed $3.6 billion, beginning at roughly $875 million in the first quarter and rising to about $965 million in the fourth quarter.
Frey said new-money rates on third-quarter purchases were approximately 120 basis points above the yield embedded in the company’s existing portfolio. Higher interest rates during the quarter increased Travelers’ after-tax net unrealized investment loss to $6.4 billion at Sept. 30, from $2 billion at June 30. He said the unrealized loss was driven by interest rates rather than credit quality and does not alter the company’s approach of generally holding fixed-income securities to maturity.
Travelers returned $1.8 billion to shareholders during the quarter, including $1.5 billion in share repurchases and $261 million in dividends. Since the beginning of 2025, the company has returned $8 billion through repurchases and retired 12% of the shares outstanding at that time, Schnitzer said.
Adjusted book value per share was $172.47 at quarter-end, up 9% from year-end and 15% from a year earlier. Operating cash flow totaled $3.9 billion in the quarter and $8 billion year to date. In July, Travelers issued $750 million of five-year debt at a 4.95% rate.
Catastrophe losses were $538 million before tax, primarily from tornado and hail events in the central United States. The company also reported $234 million of pre-tax favorable prior-year reserve development across all three segments. Business Insurance recorded a $295 million asbestos charge from its annual review, but produced $336 million of favorable development excluding asbestos.
Business Insurance Posts Record Segment Income
Business Insurance reported record third-quarter segment income of $1.04 billion. Net written premiums reached a third-quarter record of $5.9 billion, up 4% domestically after adjusting for the sale of Travelers’ Canadian business. Excluding property, domestic net written premiums rose 6%.
The segment’s combined ratio improved two points to 90.9%, while its underlying combined ratio was 88.9%. President Greg Toczydlowski said Travelers continued to reduce national property writings where pricing and policy terms did not meet its return objectives.
Renewal premium change was 4.1% overall and 7% excluding property.
Retention was 86%, with stable or higher retention in every line.
New business reached $699 million, up 4% from the prior-year quarter.
Middle-market renewal premium change was 5.4%, with retention of 89% and new business up 10% to $431 million.
Select business renewal premium change was 7.8%, while new business rose 3% to $139 million.
Toczydlowski said predictive models, external data sources such as aerial imagery and proprietary claim information were supporting risk selection, pricing segmentation and property underwriting decisions.
Bond & Specialty Growth Accelerates
Bond & Specialty Insurance generated record segment income of $309 million and a combined ratio of 77.3%. Net written premiums rose 12% to $1.2 billion.
In domestic management liability, retention was 89%, renewal premium change improved sequentially to 3.8%, and new business increased 18% from the prior-year quarter. The surety business posted 21% net written premium growth, which President Jeff Klenk attributed largely to production from premier contractors participating in major public and private infrastructure projects, along with new customer relationships.
Frey also said Travelers increased the percentage of cyber business ceded through a quota-share reinsurance arrangement effective Oct. 1. The change is expected to reduce fourth-quarter net written premiums by about $165 million and full-year 2027 premiums by roughly $230 million, primarily in Bond & Specialty, with a de minimis expected effect on earnings.
Personal Insurance Maintains Strong Profitability
Personal Insurance reported segment income of $706 million, supported by underlying underwriting income and favorable prior-year reserve development. The segment’s combined ratio was 83.5%, while its underlying combined ratio improved one point from a year earlier to 76.7%.
Net written premiums were $4.4 billion as pricing moderated while retention remained solid. President Michael Klein said homeowners new-business premium increased year over year for a third consecutive quarter as Travelers deliberately deployed property capacity.
Auto’s combined ratio was 87.1%, including favorable prior-year development, and its underlying combined ratio was 87.3%, an improvement of one point from the prior-year quarter. The result included an approximately 1.5-point benefit from re-estimating prior quarters in the current year. Klein cautioned that fourth-quarter auto underlying loss ratios have historically run five to six points above the average of the first three quarters because of winter weather and holiday driving.
In auto, retention was 81% and renewal premium change was slightly negative. In homeowners and other, retention was 85%, while renewal premium change continued to moderate amid strong profitability and replacement costs that were generally aligned with insured values.
Innovation, Claims and Market Outlook
Schnitzer said Travelers is investing in technology, artificial intelligence and claim strategies intended to address legal system abuse and rising liability loss costs. The company has developed a digital claims-resolution tool for unrepresented claimants, which had engagement from more than 80% of offered claimants in a pilot, he said. Travelers is also using AI to help claims professionals analyze large files, identify issues and provide more detailed loss information to underwriters.
During the question-and-answer session, Schnitzer said the overall commercial pricing environment was “stable” and that loss trends, including social inflation, remained in line with company expectations. He reiterated Travelers’ view that its current level of underlying underwriting income has durability, while noting the figure could move higher, lower or remain flat in 2027.
Management also said it expects its full-year 2026 expense ratio to come in slightly below 29%, with a similar level anticipated for 2027. Frey said stronger underwriting profitability has increased variable costs such as profit sharing and contingent commissions, an outcome the company was willing to accept given its margin performance.
About Travelers Companies (NYSE:TRV)Travelers Companies, Inc is an insurance provider that offers property and casualty coverage to individuals, businesses and organizations. The company operates through three primary segments: Personal Insurance, Business Insurance, and Bond & Specialty Insurance.
Its products and services include automobile and homeowners insurance, workers' compensation, commercial property and casualty coverage, general and professional liability insurance, surety and fidelity bonds, and specialized insurance solutions for industries and businesses with complex risks.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Key Takeaways TRV's Q3 EPS rose 12.8% to $9.18, beating estimates by 29.8%, while revenues hit $12.45 billion.TRV's combined ratio improved to 86.8%, aided by reserve gains, despite catastrophe losses of $538 million.TRV's investment income hit a record $1.1 billion, while shareholder returns totaled $1.77 billion in Q3.
The Travelers Companies, Inc. (TRV - Free Report) reported third-quarter 2026 core earnings of $9.18 per share, which beat the Zacks Consensus Estimate of $7.07 by 29.8%. The bottom line increased 12.8% year over year. Revenues of $12.45 billion surpassed the consensus estimate of $12.40 billion by 0.4% and remained nearly flat year over year.
The earnings strength was driven by higher favorable prior-year reserve development and increased net investment income, partially offset by higher catastrophe losses. Net written premiums totaled $11.48 billion during the quarter.
TRV Delivers Strong Underwriting ResultsTravelers generated core income of $1.95 billion, up 4.3% year over year, while net income increased 1.5% to $1.92 billion. Underwriting income rose to $1.43 billion pre-tax from $1.38 billion a year earlier.
Net favorable prior-year reserve development increased to $234 million pre-tax from $22 million in the year ago quarter. Catastrophe losses widened to $538 million pre-tax from $402 million, primarily reflecting severe wind and hailstorms across multiple states.
The combined ratio improved 50 basis points year over year to 86.8%, reflecting stronger reserve development, partially offset by higher catastrophe losses. The underlying combined ratio deteriorated 20 basis points to 84.1%, while underlying underwriting income reached $1.74 billion pre-tax. The Zacks Consensus Estimate for combined ratio was pegged at 92.
Travelers' Investment Income Hits Record HighNet investment income increased 6.3% year over year to a record $1.1 billion pre-tax ($908 million after-tax), driven by higher yields on the long-term fixed-income portfolio and growth in average invested assets.
Income from the short-term fixed-income portfolio declined due to lower average yields. Non-fixed-income investment returns also decreased slightly, primarily reflecting lower private equity and partnership returns.
The company's total investment portfolio was approximately $100.6 billion at quarter-end, with fixed-income investments representing 94%. Investment-grade securities accounted for 98.8% of fixed maturities, highlighting the portfolio's strong credit quality.
TRV Business Insurance Benefits From Reserve GainsBusiness Insurance generated net written premiums of $5.87 billion, up 3% year over year, or 4% excluding the Canadian business divestiture. Middle Market premiums increased 7% to $3.45 billion, while National Property and Other premiums declined 4%.
Segment income increased 14% to $1.04 billion, primarily due to favorable reserve development and higher investment income. The combined ratio improved 200 basis points to 90.9%, although the underlying combined ratio deteriorated 60 basis points to 88.9%.
Domestic business retention remained strong at 86%, while renewal premium change was 4.1%. New business reached a third-quarter record of $699 million, increasing 4% year over year.
Travelers' Bond & Specialty Segment Posts GrowthBond & Specialty Insurance delivered net written premiums of $1.21 billion, up 12% year over year. Surety premiums increased 21% to $414 million, while Management Liability premiums rose 6% to $649 million.
Segment income climbed 23.6% to $309 million, supported by higher favorable reserve development, stronger underlying underwriting gains and increased investment income. The combined ratio improved 430 basis points to 77.3%, while the underlying combined ratio remained unchanged at 85.8%.
Management Liability retention was 89%, with renewal premium change improving sequentially to 3.8%.
TRV Personal Insurance Faces Higher Catastrophe LossesPersonal Insurance reported net written premiums of $4.4 billion, down 7% year over year, or 3% excluding the Canadian divestiture. Automobile premiums declined 8% to $1.89 billion, while Homeowners and Other premiums increased 1% to $2.51 billion.
Segment income decreased 12.5% to $706 million, primarily due to higher catastrophe losses. The combined ratio deteriorated 220 basis points to 83.5%, although the underlying combined ratio improved 100 basis points to 76.7%.
Automobile retention remained at 81%, while Homeowners retention improved to 85%. Homeowners renewal premium change moderated to 5.4%.
Travelers Maintains Capital Strength and Shareholder ReturnsTravelers ended the quarter with total assets of $142.09 billion and shareholders' equity of $29 billion. Book value per share declined 6% from year-end 2025 to $141.48, reflecting higher unrealized investment losses. Adjusted book value per share increased 9% to $172.47.
The company returned $1.77 billion to shareholders during the quarter, including $1.51 billion in share repurchases. Remaining repurchase authorization was $2.42 billion.
The board declared a quarterly dividend of $1.25 per share, to be paid out on Dec. 31, 2026, to shareholders of record on Dec. 10, 2026. Management highlighted continued underwriting discipline, strong capital generation and confidence in its business momentum heading into 2027.
Zacks RankTRV currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Another Industry Player The Progressive Corporation’s (PGR - Free Report) third-quarter 2026 earnings per share of $4.60 beat the Zacks Consensus Estimate by 3.1%. The bottom line increased 13.6% year over year. Net premiums written were $22.3 billion in the quarter, up 4% from $21.4 billion a year ago. Combined ratio improved 80 basis points from the prior-year quarter’s level to 88.7. The Zacks Consensus Estimate was pegged at 89.4.
Upcoming ReleasesChubb Limited (CB - Free Report) will report third-quarter 2026 results on Oct. 20, after market close. The Zacks Consensus Estimate for third-quarter earnings per share is pegged at $6.42, indicating a decrease of 14.3% from the year-ago quarter’s reported figure.
CB’s earnings beat estimates in the last four quarters.
W.R. Berkley Corporation (WRB - Free Report) will report third-quarter 2026 results on Oct. 19, after market close. The Zacks Consensus Estimate for third-quarter earnings per share is pegged at $1.14, suggesting an increase of 3.6% from the year-ago quarter reported figure.
WRB’s earnings beat estimates in three of the last four reported quarters, while missing in one.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Travelers Companies Inc (NYSE:TRV), the US insurance group, increased third-quarter core income by 4% to $1.947 billion as record investment income and favourable reserve development offset higher catastrophe losses.
Core income per diluted share rose 13% to $9.18 in the three months to 30 September 2026, compared with $8.14 a year earlier, partly benefiting from share repurchases.
Net income increased 2% to $1.917 billion, while earnings per diluted share rose 10% to $9.04 from $8.24 in the same period last year.
Pre-tax net investment income reached a record $1.098 billion, up 6% year on year, as the company benefited from higher investment returns.
The insurer generated pre-tax underwriting income of $1.432 billion, while underlying underwriting income reached $1.736 billion, excluding certain items such as prior-year reserve development and catastrophe losses.
Travelers reported a consolidated combined ratio of 86.8%, down from 87.3% a year earlier, indicating that it spent less on claims and expenses relative to premiums earned.
The underlying combined ratio, which excludes specified items to provide a clearer view of ongoing underwriting performance, edged up to 84.1% from 83.9%.
Net favourable prior-year reserve development across all three business segments totalled $234 million before tax, contributing to the quarter's core income growth.
Catastrophe losses increased year on year, partially offsetting the benefits of higher investment income and favourable reserve development.
Net written premiums were broadly unchanged at $11.480 billion, compared with $11.473 billion in the third quarter of 2025.
Travelers returned $1.769 billion to shareholders during the quarter, including $1.508 billion through share repurchases, reducing its diluted weighted average shares outstanding by 7% to 210.6 million.
For the first nine months of 2026, net income rose 54% to $5.836 billion, while core income increased 52% to $5.803 billion.
Core earnings per diluted share for the nine-month period climbed 63% to $26.90, while the consolidated combined ratio improved to 86.3% from 93.2% a year earlier.
Total revenues for the first nine months increased marginally to $36.489 billion from $36.396 billion, while net written premiums d
eclined 1% to $33.347 billion.
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For the quarter ended September 2026, Travelers (TRV - Free Report) reported revenue of $12.45 billion, representing no change compared to the same period last year. EPS came in at $9.18, compared to $8.14 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $12.4 billion, representing a surprise of +0.41%. The company delivered an EPS surprise of +29.84%, with the consensus EPS estimate being $7.07.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Travelers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Underwriting Expense Ratio - Consolidated: 28.9% versus 28.9% estimated by eight analysts on average.Loss and loss adjustment expense ratio - Consolidated: 57.9% versus 63.2% estimated by eight analysts on average.Combined Ratio - Consolidated: 86.8% versus the eight-analyst average estimate of 92.1%.Underwriting Expense Ratio - Business Insurance: 29.7% compared to the 30% average estimate based on six analysts.Total Revenues- Other Revenues: $122 million versus $142.42 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -17.6% change.Total Revenues- Fee income: $123 million versus $126.27 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -3.2% change.Total Revenues- Net investment income: $1.1 billion versus the eight-analyst average estimate of $1.07 billion. The reported number represents a year-over-year change of +6.3%.Total Revenues- Premiums: $11.1 billion compared to the $11.01 billion average estimate based on eight analysts. The reported number represents a change of -0.3% year over year.Revenues- Bond & Specialty Insurance- Premiums: $1.1 billion versus the six-analyst average estimate of $1.12 billion. The reported number represents a year-over-year change of +5.9%.Revenues- Personal Insurance- Premiums: $4.14 billion compared to the $4.13 billion average estimate based on six analysts. The reported number represents a change of -5.8% year over year.Revenues- Business Insurance- Premiums: $5.86 billion versus $5.75 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change.Revenues- Bond & Specialty Insurance- Other revenues: $6 million versus the five-analyst average estimate of $6.48 million. The reported number represents a year-over-year change of -25%.View all Key Company Metrics for Travelers here>>>
Shares of Travelers have returned +1.2% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Stock to Watch: Travelers (TRV - Free Report) Established in 1853 and based in New York, NY The Travelers Companies Inc., a holding company, is principally engaged, through its subsidiaries, in providing a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States and select international markets.
TRV is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Finance stock. TRV has a Momentum Style Score of B, and shares are up 1.2% over the past four weeks.
For fiscal 2026, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.43 to $34.25 per share. TRV boasts an average earnings surprise of +41.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TRV should be on investors' short list.
Travelers (TRV - Free Report) came out with quarterly earnings of $9.18 per share, beating the Zacks Consensus Estimate of $7.07 per share. This compares to earnings of $8.14 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +29.84%. A quarter ago, it was expected that this insurer would post earnings of $5.31 per share when it actually produced earnings of $10.04, delivering a surprise of +89.08%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Travelers, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $12.45 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 0.41%. This compares to year-ago revenues of $12.44 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Travelers shares have added about 32.4% since the beginning of the year versus the S&P 500's gain of 13.1%.
What's Next for Travelers?While Travelers has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Travelers was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $9.40 on $12.37 billion in revenues for the coming quarter and $34.25 on $48.82 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Property and Casualty is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, HCI Group (HCI - Free Report) , has yet to report results for the quarter ended September 2026.
This property and casualty insurance holding company is expected to post quarterly earnings of $5.01 per share in its upcoming report, which represents a year-over-year change of +2.2%. The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level.
HCI Group's revenues are expected to be $248.59 million, up 14.9% from the year-ago quarter.
The Travelers Companies, Inc. (NYSE:TRV) heads into third-quarter earnings with a habit of making Wall Street look conservative. Three months ago, the property and casualty insurer posted core earnings of $10.04 per share, nearly double the $5.28 analysts expected.
TRV stock is moving ahead of earnings. See the chart and price action here.
The Street has raised the bar since then. Analysts expect EPS of $7.01 when Travelers reports before the open on Friday. Investors have already priced in plenty of good news. Shares are up about 30% this year and trade near $377.
Travelers will report its earnings before the market opens on Oct. 16.
Lower Claims Lifted Q2 ProfitsLower catastrophe costs helped drive the second-quarter earnings surprise, with losses dropping to $518 million from $927 million a year earlier. Favorable reserve development across all three segments and a 14% increase in investment income also boosted results.
Core return on equity reached 24.9%, and shares rallied 8.5% following the report.
The third quarter also passed without a U.S. hurricane landfall, with the Atlantic season’s first hurricane forming Oct. 7.
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That leaves catastrophe losses as a key variable to watch, although the absence of hurricanes alone does not establish how much Travelers will owe in weather-related claims.
Pricing Pressure BuildsThe bigger question may be whether Travelers can sustain premium growth as competition weighs on pricing. Primary commercial insurance rates declined 6% in the second quarter, while global property rates fell 12%, according to the Marsh Global Insurance Market Index.
Travelers’ third-quarter revenue missed expectations last year as its commitment to underwriting discipline constrained growth in large commercial property. This report offers another test of that trade-off: protecting margins without giving up too much business.
Analysts Remain CautiousBenzinga’s analyst data show a Neutral consensus across 22 analysts, comprising one Strong Buy, six Buy, 11 Hold and four Sell ratings. The average price target is $339, implying 9.2% downside.
Capital returns provide another focus. Travelers repurchased $1.31 billion in shares during the second quarter and finished with $3.9 billion remaining under its authorization.
The central question is how much earnings strength can persist beyond favorable weather. Renewal pricing, underlying underwriting margins and management’s assessment of fourth-quarter catastrophe exposure could matter more than the size of another earnings beat.
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Key Takeaways Travelers' Q3 EPS is projected to fall 15.2% to $6.90, with revenues declining 0.4% to $12.4B.TRV's positive Earnings ESP signals a potential beat on higher investment income and better pricing.Strong retention & underwriting discipline may aid Travelers, but catastrophe claims could dampen profits.
The Travelers Companies, Inc. (TRV - Free Report) is expected to register a decline in its top and bottom line when it reports third-quarter 2026 results on Oct. 16, before the opening bell.
The Zacks Consensus Estimate for TRV’s third-quarter revenues is pegged at $12.4 billion, indicating a 0.4% decline from the year-ago reported figure.
The consensus estimate for earnings is pegged at $6.90 per share. The Zacks Consensus Estimate for TRV’s third-quarter earnings has moved up 1.5% in the past seven days. The estimate suggests a year-over-year decrease of 15.2%.
What the Zacks Model Unveils for TRVOur proven model predicts an earnings beat for Travelers this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), which increases the chances of an earnings beat.
TRV’s Earnings ESP: Travelers has an Earnings ESP of +0.77%. This is because the Most Accurate Estimate of $6.95 is pegged higher than the Zacks Consensus Estimate of $6.90. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
TRV’s Zacks Rank: The stock carries a Zacks Rank #3 at present.You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors to ConsiderPremiums are likely to have benefited from better pricing, a solid renewal rate change, strong retention and exposure growth. The Zacks Consensus Estimate is currently pegged at $11 billion, indicating a decrease of 1.2% from the year-ago reported number.
A higher average level of fixed maturity investments and higher long-term average yields are likely to aid investment results in the to-be-reported quarter. Management estimates fixed income NII, including earnings from short-term securities, of approximately $840 million after tax in the third quarter. The Zacks Consensus Estimate for net investment income is currently pegged at $1.1 billion, implying an increase of 3.8% from the year-ago reported number.
The Personal Insurance segment is likely to have benefited from rate actions, disciplined underwriting and better automobile loss experience. The Zacks Consensus Estimate is currently pegged at $4.4 billion, indicating a decrease of 5.9% from the year-ago reported number.
The Bond & Specialty Insurance segment is likely to have benefited from sustained demand for surety products, particularly coverage associated with large construction and infrastructure projects. Management liability insurance might also have supported premium production through stable renewal pricing and strong retention. The Zacks Consensus Estimate is currently pegged at $1.2 billion, indicating an increase of 7% from the year-ago reported number.
Strong policy retention, new business production and renewal premium increases, particularly in Middle Market and small commercial insurance, are likely to have aided premiums at Business Insurance. The Zacks Consensus Estimate is currently pegged at $5.7 billion, indicating an increase of 1.4% from the year-ago reported number.
An increase in net written premiums, coupled with higher net investment income and other revenues, is likely to have aided the top line in the to-be-reported quarter.
Better pricing and increased exposure, coupled with prudent underwriting, are expected to have aided underwriting profitability. Yet, severe thunderstorms, windstorms, hail and hurricane-related claims may have increased claims costs, particularly in Personal Insurance and commercial property lines. The Zacks Consensus Estimate for combined ratio is currently pegged at 92.08, indicating a deterioration of 478 basis points from the year-ago reported number.
Although commercial insurance premium growth is likely to have remained positive, slowing renewal pricing could have limited its pace. Also, Personal Insurance net written premiums could have remained under pressure amid selective underwriting actions and the absence of contributions from Canadian operations sold in the first quarter of 2026.
Expenses are expected to have risen due to higher claims and claim adjustment expenses, amortization of deferred acquisition costs, general and administrative expenses, and interest expenses.
Continued share buybacks are anticipated to have provided an additional boost to the bottom line.
Other Stocks to ConsiderHere are three other P&C insurance stocks you may want to consider, as our model shows that these also have the right combination of elements to post an earnings beat:
Cincinnati Financial Corporation (CINF - Free Report) has an Earnings ESP of +9.52% and a Zacks Rank of 2 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $1.91 per share, indicating a year-over-year decrease of 33%.
CINF’s earnings beat estimates in three of the last four reported quarters, while missing in one.
Arch Capital Group (ACGL - Free Report) has an Earnings ESP of +9.62% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $1.96 per share, indicating a 29.2% year-over-year decrease.
ACGL’s earnings beat estimates in the last four reported quarters.
W.R. Berkley Corporation (WRB - Free Report) has an Earnings ESP of +1.31% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $1.14, indicating a year-over-year increase of 3.6%.
WRB’s earnings beat estimates in three of the last four reported quarters, while missing in one.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.86% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Travelers (TRV - Free Report) Established in 1853 and based in New York, NY The Travelers Companies Inc., a holding company, is principally engaged, through its subsidiaries, in providing a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States and select international markets.
TRV is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 10.78; value investors should take notice.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.37 to $34.19 per share. TRV also boasts an average earnings surprise of +41.7%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, TRV should be on investors' short list.
Wall Street expects a year-over-year decline in earnings on lower revenues when Travelers (TRV - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 16, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis insurer is expected to post quarterly earnings of $6.86 per share in its upcoming report, which represents a year-over-year change of -15.7%.
Revenues are expected to be $12.39 billion, down 0.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.01% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Travelers?For Travelers, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +3.03%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that Travelers will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Travelers would post earnings of $5.31 per share when it actually produced earnings of $10.04, delivering a surprise of +89.08%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Travelers appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Insurance - Property and Casualty industry, Progressive (PGR - Free Report) , is soon expected to post earnings of $4.37 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +7.9%. Revenues for the quarter are expected to be $23.41 billion, up 5.4% from the year-ago quarter.
The consensus EPS estimate for Progressive has been revised 0.6% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +1.82%.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Progressive will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
The Travelers Companies, Inc. (NYSE:TRV) will release its third quarter earnings report before the opening bell on Friday, Oct. 16.
Analysts expect the New York-based company to report quarterly earnings of $7.13 per share, down from $8.14 per share in the year-ago period. The consensus estimate for TRV’s quarterly revenue is $11.02 billion. It reported $11.13 billion last year, according to Benzinga Pro.
On July 17, Travelers Companies reported better-than-expected second-quarter financial results.
Shares of Travelers fell 0.1% to close at $360.61 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Mizuho analyst Yaron Kinar maintained a Neutral rating and cut the price target from $348 to $345 on Oct. 7, 2026. This analyst has an accuracy rate of 62%. Evercore ISI Group analyst David Motemaden maintained an In-Line rating and raised the price target from $338 to $342 on Sept. 21, 2026. This analyst has an accuracy rate of 54%. Roth Capital analyst Harry Fong maintained a Buy rating and increased the price target from $345 to $425 on July 21, 2026. This analyst has an accuracy rate of 67%. Barclays analyst Alex Scott maintained an Underweight rating and boosted the price target from $295 to $318 on July 21, 2026. This analyst has an accuracy rate of 67%. Morgan Stanley analyst Bob Huang maintained an Underweight rating and raised the price target from $290 to $330 on July 21, 2026. This analyst has an accuracy rate of 50%. Considering buying TRV stock? Here’s what analysts think:
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Travelers (TRV - Free Report) . This company, which is in the Zacks Insurance - Property and Casualty industry, shows potential for another earnings beat.
When looking at the last two reports, this insurer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 49.77%, on average, in the last two quarters.
For the last reported quarter, Travelers came out with earnings of $10.04 per share versus the Zacks Consensus Estimate of $5.31 per share, representing a surprise of 89.08%. For the previous quarter, the company was expected to post earnings of $6.98 per share and it actually produced earnings of $7.71 per share, delivering a surprise of 10.46%.
Price and EPS Surprise
For Travelers, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Travelers currently has an Earnings ESP of +2.50%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on October 16, 2026.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Most investors buy DIA for its blue-chip reputation and walk away thinking they own a balanced slice of American business. But the math behind how its holdings are weighted quietly hands one sector a quarter of your money before you…
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If you own the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) as a safe blue-chip anchor, you also own a large position in banks, brokers, and insurers. A handful of high share prices set that allocation for you.
How Share Prices Set Your Sector Mix State Street Global Advisors describes DIA as a fund tracking a price-weighted index of 30 stocks. In a price-weighted index, each member’s weight is based on its stock price, not the size of the business. A sector whose companies carry high nominal share prices increases weight, while a sector with lower-priced shares gets less, regardless of company size.
The member list is chosen by an Averages Committee made up of the managing editor of The Wall Street Journal, the head of Dow Jones Indexes research, and the head of CME Group research. The committee picks the roster; share prices set the weights.
A Quarter of Your Money Sits in One Sector State Street Global Advisors reports Financials made up 26.30% of DIA as of October 1, 2026, the fund’s largest sector. State Street lists Information Technology at 19.20%, Industrials 16.29%, Health Care 13.71%, and Consumer Discretionary 9.31%. The top three sectors held 61.79% of the fund.
Defensive sectors received minimal exposure. Consumer Staples was just 3.90% and Energy 2.42%, totaling 6.32% of a fund many retirees treat as their safe core.
Financial companies rank among the largest positions. Goldman Sachs (NYSE:GS | GS Price Prediction) is the single largest holding at 10.46%, with Travelers (NYSE:TRV) at 4.22% and JPMorgan Chase (NYSE:JPM) at 3.89%. Goldman’s 50-day average share price of $1,003.78 explains how it reached the top spot.
An investor wanting a quarter of their portfolio in banks, insurers, and payment companies could have bought a financial sector fund by choice. DIA holders ended up with that tilt without choosing it.
Why a Rate-Sensitive Tilt Matters in Retirement Interest rates, credit conditions, and regulation move financial stocks differently than staples or healthcare companies. A retiree using DIA as a conservative anchor carries concentrated exposure to one sector’s cycle. A downturn in financials will hit this fund harder than a generally weighted fund, and for some, the damage may land hardest in the first few years of withdrawals (we wrote a free guide on defending that window here: The First Five Years).
The weights also change over time. They shift as share prices move and whenever the committee swaps members. The October 1 picture could look significantly different at future updates.
You Pay for the Dow’s Design State Street Global Advisors lists DIA’s gross expense ratio at 0.16%, or $16 per $10,000 invested annually. The Vanguard S&P 500 ETF (NYSEARCA:VOO) — a proxy for the broad market — charges 0.03%, about $3. Over 20 years, that gap totals $260 per $10,000 invested before compounding effects. The sector tilt matters more than the fee, but both add to the long-term costs for investors. VOO weights holdings by company size, so its sector mix reflects business scale. The trade-off is heavy exposure to the largest technology companies.
Where DIA Still Earns Its Place The Dow has a long track record, and DIA is widely held for good reasons. Price weighting is published and well understood. It is large and cheap to trade. The fund maintained $43.69 billion in assets and a 30-day median bid-ask spread of 0.01% as of October 1, 2026.
Check the Sector Tab Before You Trust the Label DIA suits investors who specifically want these 30 companies and accept the index’s weighting. That said, it may be lacking diversification for those looking for a broad-market substitute or defensive core. The important question to ask yourself: Would I have chosen this sector mix?
You can check this for any fund you own. On the issuer’s fund page, open the Holdings or Portfolio tab and look for the Sector Allocation (sometimes called Sector Breakdown) section. The fund’s fact sheet shows the same data. Note the as-of date and check again every quarter.
Contact [email protected] for any questions or corrections.
Key Takeaways Travelers benefits from broad products, high retention, pricing gains and prudent underwriting practices.Universal Insurance and American Integrity benefit from Florida reforms and disciplined risk selection.United Fire Group sees commercial new business growth across small businesses, construction & middle markets. Global commercial insurance is in a soft market phase. Rates fell 5% in the first quarter of 2026, followed by 6% in the second, marking eight consecutive quarterly declines. This is a sharp reversal from the 22% increase recorded in the fourth quarter of 2020.
Property has led the softening, with global rates down 12% in the last quarter, as abundant capacity and reinsurer competition let buyers negotiate on both cost and program structure.
However, the clear outlier is casualty. While every other major line has softened, U.S. casualty rates continued rising (rates rose 7% in the second quarter), driven by loss severity and litigation pressure.
In this backdrop, The Travelers Companies Inc. (TRV - Free Report) , Universal Insurance Holdings (UVE - Free Report) , American Integrity Insurance Group (AII - Free Report) and United Fire Group (UFCS - Free Report) stand tall to weather the odds.
What is Driving the Softening?Strong insurer profits, surplus capital, lower reinsurance costs and higher investment returns have intensified competition. Insurers are offering broader coverage, more flexible terms and lower deductibles alongside reduced prices — a sign of a market with more capacity than demand can absorb.
Overall commercial rates fell 16% in IMEA and 13% in the Pacific.
What Lies Ahead?A major catastrophe could tighten property capacity, while persistent U.S. liability losses could sustain casualty pricing pressure. For non-life insurers, careful risk selection and sound casualty reserves will matter more as premium growth slows. Geographic diversification and brokerage businesses may provide some resilience, while investment income can support earnings.
The Federal Reserve’s recent 25-basis-point rate increase (hinted at one more this year) may help investment income, but underwriting discipline remains the key differentiator.
Top PicksWith the help of our Zacks Stock Screener, we have identified the best bets. The shortlisted stocks carry a Zacks Rank #1 (Strong Buy) or #2 (Buy). Each has rallied more than 20% year to date and has a favorable Value Score.
The Zacks Consensus Estimate for 2026 and 2027 earnings has witnessed northbound revision in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Based in New York, NY, Travelers Companies remains a leading writer of automobile and homeowners insurance and a major U.S. commercial property and casualty carrier. A broad product portfolio, high retention rate, pricing gains, positive renewal rate changes, strong capital position, inorganic growth and prudent underwriting practices position Travelers well. Continued technology investment, refined pricing and segmentation, a high-quality fixed-income portfolio and consistent capital returns should sustain earnings growth and shareholder value. However, weather volatility, loss-cost inflation, reinsurance expenses and changing pricing conditions remain risks for this Zacks Rank #2 insurer.
The Zacks Consensus Estimate for 2026 and 2027 earnings has moved 3% and 0.8% north, respectively, in the past 60 days. It is trading at a trailing 12-month price-to-book value of 2.27X and has a Value Score of B. It has a beta of 0.44. Shares have gained 24.8% year to date.
Headquartered in Fort Lauderdale, FL. Universal Insurance Holdings is a vertically integrated insurance holding company. Its wholly owned insurance subsidiaries, UPCIC and APPCIC, are principally engaged in the property and casualty insurance business. Universal Insurance should benefit from Florida’s post-reform claims environment, which is lowering loss costs and litigation exposure. Disciplined market selection and rate-focused underwriting support measured growth across Florida and other states. However, Florida remains the dominant source of catastrophe risk, and multiple severe events could disrupt earnings and capital deployment of this Zacks Rank #2 company.
The Zacks Consensus Estimate for 2026 and 2027 earnings has moved 4.8% and 1.1% north, respectively, in the past 60 days. It is trading at a trailing 12-month price-to-book value of 1.86X and has a Value Score of A. It has a beta of 0.72. Shares have gained 27.3% year to date.
American Integrity Insurance Group, headquartered in Tampa, FL, operates as an insurance company in the United States. American Integrity’s performance is being driven by rapid voluntary-policy growth, particularly in Florida’s Tri-County region, middle-aged homes and expansion markets. The company appears well-positioned for profitable long-term growth, supported by geographic expansion, disciplined risk selection, Florida’s insurance reforms and lower catastrophe-reinsurance pricing. However, its heavy Florida exposure and vulnerability to hurricanes could make earnings volatile and temper the consistency of that growth.
The Zacks Consensus Estimate for 2026 and 2027 earnings has moved 40% and 5.4% north, respectively, in the past 60 days. Its expected long-term earnings growth rate is pegged at 8%. The stock currently has a P/B ratio of 1.32. It has a Value Score of A. Its shares have gained 24.6% year to date and sports a Zacks Rank #1.
Headquartered in Cedar Rapids, IA, United Fire Group engages in writing property and casualty insurance in the United States. With a portfolio offering a wide range of products, including property, casualty, commercial lines, specialty lines and surety bonds, United Fire Group has a strong presence in the Midwestern U.S. This also exposes the insurer to geographic concentration. Core commercial new business production is growing as small businesses, construction, and the middle market are collectively contributing. Prudent pricing and risk selection, stable retention and higher new business should drive premiums.
The Zacks Consensus Estimate for 2026 and 2027 earnings has moved 2.5% and 5% north, respectively, in the past 60 days. It has a beta of 0.52. The stock currently has a P/B ratio of 1.41. It has a Value Score of A. Its shares have gained 47.7% year to date and sports a Zacks Rank #1.
HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) today released the results of its 2026 Travelers Risk Index, with cyber threats ranking as the top overall business concern for the fifth time in eight years. Companies are more knowledgeable about cyber threats, more confident, and taking more preventive steps than they were a year ago – yet vulnerabilities remain, especially as artificial intelligence (AI) becomes embedded in everyday operations. “Businesses view cybe.
The Zacks Property and Casualty Insurance (P&C) industry is witnessing softer pricing after several years of improvement. However, it is likely to benefit from prudent underwriting, exposure growth and accelerated digitalization. Industry players like Berkshire Hathaway Inc. (BRK.B - Free Report) , The Travelers Companies (TRV - Free Report) , The Hanover Insurance Group (THG - Free Report) , First American Financial Inc. (FAF - Free Report) and Essent Group (ESNT - Free Report) are poised to grow despite all odds. Given an active catastrophe environment, the policy renewal rate should accelerate. The increasing adoption of technology and the emergence of insurtech help industry players function smoothly.
At its latest meeting, the Federal Reserve raised the benchmark interest rate by 25 basis points under Chair Kevin Warsh, lifting the federal funds rate target range to 3.75%-4%. This marked the Fed’s first rate increase since 2023. P&C insurers’ shorter-duration portfolios allow higher yields to flow into earnings more quickly, although the benefit is generally smaller relative to premium volume. An investment portfolio skewed toward fixed-income maturities provides some upside.
The imposition of tariffs by President Trump, as well as higher inflation, will have an impact on pricing. Nonetheless, an improvement in surplus and accelerated economic activities set the stage for a better M&A environment. Per Fitch Ratings, personal auto is expected to stay strong, and, coupled with better investment results and lower claims, should fuel insurers' performance.
About the Industry The Zacks Property and Casualty Insurance industry comprises companies that provide commercial and personal property insurance, and casualty insurance products and services. Such insurance helps to safeguard property in case of any natural or man-made disasters. Some industry players also provide liability coverage. The insurance coverage offered also includes automobiles, professional risk, marine, excess casualty, aviation, personal accident, commercial multi-peril, and professional indemnity and surety. Premiums are the primary source of revenues for these insurers. Better pricing and increased exposure drive premiums. These companies invest a portion of premiums to meet their commitments to policyholders. However, rate cuts by the Fed pose downside risk.
4 Trends Shaping the Future of the Property and Casualty Insurance Industry Proper pricing to help navigate claims: Catastrophic events continue to pressure insurers, often prompting rate increases to support claims payments. However, Marsh’s Global Insurance Market Index showed a 6% decline in global commercial insurance rates in second-quarter 2026—the eighth consecutive quarter of moderation—amid stronger competition, favorable claims trends and improved reinsurance conditions. Disciplined pricing remains essential, as appropriately priced portfolios improve loss ratios and free capital for efficient claims servicing. Fitch Ratings sees strong momentum in personal auto insurance, while S&P Global expects underwriting profits to stabilize. Deloitte projects global premiums to reach $722 billion by 2030, led by China and North America, while Swiss Re forecasts 4% premium growth in 2026.
Catastrophe loss induces volatility in underwriting profits: The property and casualty insurance industry is susceptible to catastrophe events, which drag down underwriting profits. Global insured natural catastrophe losses reached an estimated $42 billion in the first half of 2026, according to the Swiss Re Institute. AM Best stated that the U.S. property & casualty insurance industry recorded $31.2 billion in net underwriting income during the first half of 2026, while the combined ratio improved 400 basis points to 92.5 in the same period, as reported in Captive.com. Swiss Re projects the combined ratio to deteriorate by 50 basis points to 99% in 2026 as catastrophe pressure normalizes. Insurance Information Institute and Milliman expect personal lines insurers to face higher catastrophe-related losses, which could weigh on underwriting profitability. S&P Global expects underwriting profitability to stabilize as insurers balance growth and pricing discipline.
Mergers and acquisitions: Consolidation in the property and casualty industry is likely to continue as players look to diversify their operations into new business lines and geographies. Buying businesses along the same lines will also continue as players look to gain market share and grow in their niche areas. With a sturdy capital level, the industry is witnessing a number of mergers, acquisitions and consolidations.
Increased adoption of technology: The industry is witnessing increased use of technologies like blockchain, artificial intelligence, advanced analytics, telematics, cloud computing and robotic process automation that expedite business operations and save costs. The industry has also witnessed the emergence of insurtechs or technology-led insurers. The focus of insurtech is mainly on the property and casualty insurance industry. Insurers continue to invest heavily in technology, generative AI in particular, as it is expected to improve basis points, scale and efficiencies. However, the use of technology poses cyber threats.
Zacks Industry Rank Indicates Bright Prospects The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates encouraging prospects in the near term. The Zacks Property and Casualty Insurance industry, which is housed within the broader Zacks Finance sector, currently carries a Zacks Industry Rank #71, which places it in the top 29% of more than 250 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Earnings estimates for 2026 have increased 6.1% year over year.
Before we present a few property and casualty stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Outperforms Sector and the S&P 500 The Property and Casualty Insurance industry has outperformed its sector and the Zacks S&P 500 composite in the past three months. The stocks in this industry have collectively gained 4.6% compared with the sector’s increase of 1.3% and the Zacks S&P 500 composite’s increase of 2% in the said time frame.
Price Performance
Current Valuation On the basis of the trailing 12-month price-to-book (P/B), which is commonly used for valuing insurance stocks, the industry is currently trading at 1.43X compared with the S&P 500’s 7.19X and the sector’s 4.43X.
Over the past five years, the industry has traded as high as 1.74X, as low as 1.18X and at the median of 1.46X.
Price-to-Book (P/B) Ratio (TTM)
Price-to-Book (P/B) Ratio (TTM)
5 Property and Casualty Insurance Stocks to Bet On Here, we are discussing one Zacks Rank #1 (Strong Buy) stock and four Zacks Rank #2 (Buy) stocks from the P&C Insurance industry. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Hanover Insurance: Headquartered in Worcester, MA, Hanover Insurance is a U.S. property and casualty insurance holding company that sells through independent agents and brokers. The insurer is poised to grow on disciplined underwriting, effective pricing, specialty insurance expansion and rising investment income. Specialty continues to anchor results through disciplined risk selection and improving mix via workflow and technology upgrades. Personal Lines is benefiting from earned pricing and margin initiatives, and management expects policies in force to grow in 2026. This Zacks Rank #1 company remains committed to returning capital to shareholders through a combination of dividends and share repurchases.
The Zacks Consensus Estimate for THG’s 2026 and 2027 earnings suggests a 5.7% rise and a 2.8% decline, respectively. The company delivered a four-quarter average earnings surprise of 27.33%. The consensus estimate for 2026 and 2027 earnings has moved 9.7% and 6.7% north, respectively, in the past 60 days. The company has a VGM Score of B.
Price and Consensus: THG
Berkshire Hathaway: Omaha, NE-based Berkshire Hathaway owns more than 90 subsidiaries in insurance, railroads, utilities, manufacturing services, retail and homebuilding. BRK.B is one of the largest property and casualty insurance companies measured by premium volume. BRK.B, carrying a Zacks Rank #2, should continue to benefit from its growing Insurance business as well as Manufacturing, Service and Retailing, and Finance and Financial Products segments. Continued insurance business growth fuels an increase in float, drives earnings and generates maximum return on equity. With Warren Buffett as chairman emeritus, the focus will be on whether the conglomerate continues to create tremendous value for shareholders under the new leadership.
The Zacks Consensus Estimate for BRK.B’s 2026 and 2027 earnings suggests 5.1% and 1.9% year-over-year growth, respectively. The company delivered a four-quarter average earnings surprise of 2.04%. The expected long-term earnings growth rate is pegged at 12%. The consensus estimate for 2026 and 2027 earnings has moved 3.8% and 2% north, respectively, in the past 60 days.
Price and Consensus: BRK.B
Travelers Companies: Based in New York, NY, Travelers Companies is one of the leading writers of auto and homeowners’ insurance, plus commercial U.S. property-casualty insurance. High levels of retention, improved pricing, increased new business and a positive renewal premium change, banking on the strength of a compelling product portfolio of coverages across nine lines of business, position it well for growth. Travelers’ commercial businesses should continue to perform well on the back of stability in the markets where it operates, as well as the execution of its strategies. It has a Zacks Rank #2.
The Zacks Consensus Estimate for TRV’s 2026 and 2027 earnings suggests a 22.6% rise and an 11.3% decline, respectively. The company delivered a four-quarter average earnings surprise of 41.68%. The expected long-term earnings growth rate is pegged at 4.4%. The consensus estimate for 2026 and 2027 earnings has moved 9.8% and 2.8% north, respectively, in the past 60 days.
Price and Consensus: TRV
First American Financial: Headquartered in Santa Ana, CA, First American Financial remains a leading U.S. title insurer with scale, proprietary data and a broad distribution network that support durable competitive advantages. Commercial activity, growing deposits at First American Trust and expanding automation provide earnings drivers beyond a weak residential market. AI initiatives such as Endpoint and Sequoia could improve service levels and efficiency as adoption broadens. It has a Zacks Rank #2.
The Zacks Consensus Estimate for FAF’s 2026 and 2027 earnings suggests 17.5% and 4.2% year-over-year growth, respectively. The company delivered a four-quarter average earnings surprise of 1.77%. The expected long-term earnings growth rate is pegged at 15.2%. The consensus estimate for 2026 and 2027 earnings has moved 5.5% and 3.9% north, respectively, in the past 60 days.
Price and Consensus: FAF
Essent Group: Headquartered in Hamilton, Bermuda, Essent Group boasts a strong position in the U.S. private mortgage insurance market, disciplined underwriting, and a capital-light business model. Conservative risk management, a high-quality insured portfolio and a robust capital position support resilient earnings across credit cycles while benefiting from structural demand for mortgage insurance. Essent consistently generates strong free cash flow, enabling shareholder-friendly capital allocation through dividends and share repurchases while maintaining regulatory capital buffers. It carries a Zacks Rank #2.
The Zacks Consensus Estimate for ESNT’s 2026 and 2027 earnings suggests 10.1% and 3.5% year-over-year growth, respectively. The company delivered a four-quarter average earnings surprise of 1.57%. The consensus estimate for 2026 and 2027 earnings has moved 5% and 2.9% north, respectively, in the past 60 days. The expected long-term earnings growth rate is pegged at 5.2%.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Pagaya Technologies Ltd. (PGY - Free Report) : This product-focused technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 15.2% over the last 60 days.
OptimumBank Holdings, Inc. (OPHC - Free Report) : This bank holding company for OptimumBank has seen the Zacks Consensus Estimate for its current year earnings increasing 16.5% over the last 60 days.
Pro-Dex, Inc. (PDEX - Free Report) : This surgical instrument manufacturer for medical device original equipment companies has seen the Zacks Consensus Estimate for its current year earnings increasing 11.2% over the last 60 days.
The Travelers Companies, Inc. (TRV - Free Report) : This insurance services provider has seen the Zacks Consensus Estimate for its current year earnings increasing 13.7% over the last 60 days.
Horace Mann Educators Corporation (HMN - Free Report) : This insurance holding company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 18:
InPlay Oil Corp. (IPOOF - Free Report) : This Canada-based petroleum and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 138.2% over the last 60 days.
This Zacks Rank #1 company has a dividend yield of 6.3%, compared with the industry average of 1.6%.
Horace Mann Educators Corporation (HMN - Free Report) : This insurance holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.
This Zacks Rank #1 company has a dividend yield of 2.9%, compared with the industry average of 1.8%.
The Travelers Companies, Inc. (TRV - Free Report) : This insurance services provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.7% over the last 60 days.
This Zacks Rank #1 company has a dividend yield of 1.3%, compared with the industry average of 1.1%.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Find more top income stocks with some of our great premium screens.
Key Takeaways Travelers benefits from disciplined underwriting, lower catastrophe losses and growing investment income. Reinsurance Group of America gains from higher portfolio yields and favorable claims trends.Assurant sees growth from subscriber gains, partnerships and expansion across its protection platforms. U.S. stock markets are facing volatility in September. On Sept. 16, the Fed raised the benchmark lending rate by 25 basis points to the range of 3.75-4% with an overwhelming 12-0 voting majority.
The primary reason was sticky inflation, which was recently aggravated by spike in crude oil prices due to the persistent geopolitical conflicts in the Middle East. Fed Chairman Kevin Warsh said, “Our predominant focus is on the price stability side of our mandate.” Warsh added, “The plain fact is that inflation is too high and has been for too long.”
Following the release of the minutes, yields on several U.S. government bonds spiked. The yield on the benchmark 10-Year U.S. Treasury Note rose above the psychological barrier of 5% to 5.016%. This yield hit a 19-year high on Sept. 15.
The yield on the short-term 2-Year U.S. Treasury Note rose to 4.738%. This yield is closely linked to the movement of the Fed funds rate. The yield on the long-term 30-Year U.S. Treasury Note rose to 5.347%.
Insurance Industry to GainAn increase in the market interest rate will raise the cost of funds, enabling financial companies to widen the spread between longer-term assets, such as loans, and shorter-term liabilities, thus boosting the financial sector’s profit margin.
Moreover, higher bond yields will raise the market's risk-free returns. Insurance providers are generally compelled to hold lots of long-term safe bonds to back the policies that are written. A higher interest rate should benefit insurance companies.
The spread between the longer-term assets and shorter-term liabilities would increase the spread of insurers. The insurance industry's profitability has risen historically during periods of rising interest rates.
At this stage, we recommend three insurance stocks with a favorable Zacks Rank for investment. These are: The Travelers Companies Inc. (TRV - Free Report) , Reinsurance Group of America Inc. (RGA - Free Report) and Assurant Inc. (AIZ - Free Report) . Each of our picks currently carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our three picks year-to-date.
Image Source: Zacks Investment Research
The Travelers Companies Inc.Zacks Rank #1 Travelers Companies has been benefiting from broad commercial and personal insurance franchises, disciplined underwriting and growing investment income. TRV has been exhibiting strength in its earnings base, with healthy underlying margins, lower catastrophe losses and favorable reserve development across all segments.
Continued technology investment, refined pricing and segmentation, a high-quality fixed-income portfolio and consistent capital returns should sustain TRV’s earnings growth and shareholder value.
Although weather volatility, loss-cost inflation, reinsurance expenses and changing pricing conditions remain risks, TRV’s operating strength and diversified business mix should help it navigate these pressures. Solid fundamentals and dependable execution also support further share-price gains.
Strong Estimate RevisionsTravelers Companies has an expected revenue and earnings growth rate of -0.1% and 22.6%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 13.7% over the last 60 days.
TRV has an expected revenue and earnings growth rate of 2.9% and -11.5%, respectively, for the next year. The Zacks Consensus Estimate for the next year’s earnings has improved 4% over the last 60 days.
Image Source: Zacks Investment Research
Attractive Valuation The stock has a forward P/E of 11.18X compared with the industry’s P/E of 11.56X and the S&P 500’s P/E of 17.89X. It has a P/S of 1.61X compared with the industry’s P/S of 1.29X and the S&P 500’s P/S of 2.97X. TRV has a P/B of 2.38X compared with the industry’s P/B of 1.68X and the S&P 500’s P/B of 3.58X.
Reinsurance Group of America Inc.Zacks Rank #2 Reinsurance Group of America benefits from a diversified global reinsurance platform, disciplined underwriting and a mix of organic and in-force opportunities. RGA’s recent business is contributing to earnings as expected, while higher portfolio yields and favorable claims trends support profitability.
RGA’s Equitable block is working as per plan, and capital flexibility remains ample for transactions and shareholder returns. RGA’s technology partnerships provide a differentiated growth lever by pairing its insurance expertise with specialist platforms that can improve underwriting efficiency and client service.
Insurers continue to modernize claims, underwriting and policy servicing to shorten cycle times and reduce unit costs. RGA’s approach is to validate partner technology in real underwriting and claims use cases, then scale it through reinsurance relationships.
Strong Estimate RevisionsReinsurance Group of America has an expected revenue and earnings growth rate of 12.3% and 30.6%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 1.6% over the last seven days.
RGA has an expected revenue and earnings growth rate of 4.9% and -1.4%, respectively, for the next year. The Zacks Consensus Estimate for the next year’s earnings has improved 0.1% over the last seven days.
Image Source: Zacks Investment Research
Attractive Valuation The stock has a forward P/E of 8.37X compared with the industry’s P/E of 11.58X and the S&P 500’s P/E of 17.89X. It has a P/S of 0.65X compared with the industry’s P/S of 0.72X and the S&P 500’s P/S of 2.97X. RGA has a P/B of 1.18X compared with the industry’s P/B of 1X and the S&P 500’s P/B of 3.58X.
Assurant Inc.Zacks Rank #2 Assurant’s embedded protection and service platforms support recurring revenue and durable growth across Global Lifestyle and Global Housing. Connected Living is benefiting from program optimization, subscriber gains and broader supply-chain capabilities, while Global Automotive is gaining from international partnerships and better loss experience.
The new Freedom Mortgage relationship and Cover360 expansion strengthen Housing’s longer-term growth profile. Higher liquidity and disciplined buybacks add financial flexibility. AIZ expects Global Lifestyle adjusted EBITDA to grow in the low double digits in 2026, up from its prior expectation of about 10%.
AIZ continues to deepen relationships with large mobile carriers, cable operators, retailers and financial institutions. The expanded T-Mobile relationship includes the migration of UScellular’s in-force business and a new reverse-logistics program. Recently added or optimized programs with Telstra, Best Buy and Chase Card Services broaden AIZ’s Connected Living platform.
Strong Estimate RevisionsAssurant has an expected revenue and earnings growth rate of 8.4% and 12.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 2.5% over the last 30 days.
AIZ has an expected revenue and earnings growth rate of 6.7% and 5.7%, respectively, for the next year. The Zacks Consensus Estimate for the next year’s earnings has improved 0.9% over the last 30 days.
Image Source: Zacks Investment Research
Attractive Valuation The stock has a forward P/E of 12.84X compared with the industry’s P/E of 10.24X and the S&P 500’s P/E of 17.89X. It has a P/S of 1.05X compared with the industry’s P/S of 1.07X and the S&P 500’s P/S of 2.97X. AIZ has a P/B of 2.32X compared with the industry’s P/B of 1.30X and the S&P 500’s P/B of 3.58X.
The Travelers Companies, Inc. (NYSE: TRV) will review its third quarter 2026 results at 9 a.m. ET on Friday, Oct. 16, following the release of results earlier that morning.
Investors can access the call via webcast at investor.travelers.com and by dialing 833-461-5787 within the United States or 585-542-9983 outside the United States. A slide presentation, statistical supplement and live audio broadcast will be available on the same website.
Following the event, replays will be available via webcast for one year at investor.travelers.com and by telephone for seven days by dialing 833-309-1852 within the United States or 929-828-5978 outside the United States. All callers should use conference ID 686305383.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of nearly $49 billion in 2025. For more information, visit Travelers.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260914874248/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
NEW YORK--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) will review its third quarter 2026 results at 9 a.m. ET on Friday, Oct. 16, following the release of results earlier that morning. Investors can access the call via webcast at investor.travelers.com and by dialing 833-461-5787 within the United States or 585-542-9983 outside the United States. A slide presentation, statistical supplement and live audio broadcast will be available on the same website. Following the event, repla.
California State Teachers Retirement System lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 32,139.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 110,690,887 shares of the insurance provider’s stock after buying an additional 110,347,546 shares during the quarter. California State Teachers Retirement System owned approximately 53.07% of Travelers Companies worth $36,541,276,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of TRV. Brighton Jones LLC boosted its position in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Travelers Companies in the fourth quarter worth $276,000. WINTON GROUP Ltd bought a new stake in Travelers Companies in the second quarter valued at $382,000. CIBC Asset Management Inc lifted its stake in Travelers Companies by 13.9% in the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock valued at $18,336,000 after buying an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Travelers Companies by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock valued at $28,254,000 after acquiring an additional 2,117 shares during the period. Institutional investors own 82.45% of the company’s stock.
Insiders Place Their Bets In related news, EVP Diane Kurtzman sold 4,164 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael Klein sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 58,667 shares of company stock valued at $21,830,989. 1.39% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In Several research firms have recently commented on TRV. Citigroup restated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Evercore set a $329.00 target price on shares of Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. Roth Capital raised their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, Bank of America lifted their price target on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $354.26. Read Our Latest Stock Report on TRV
Travelers Companies Trading Down 0.1% Shares of NYSE:TRV opened at $369.01 on Tuesday. The company has a 50 day moving average of $364.21 and a 200-day moving average of $323.98. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market cap of $76.96 billion, a P/E ratio of 9.88, a P/E/G ratio of 2.48 and a beta of 0.44. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70.
Travelers Companies (NYSE:TRV – Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business earned $6.51 earnings per share. As a group, analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.
Travelers Companies Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is currently 13.39%.
(Free Report)
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
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Maria Olivo, EVP, ERM & Chief Risk Officer, reported a sale of 6,000 shares of The Travelers Companies (TRV -1.33%) in a recent SEC Form 4 filing.
Transaction summaryMetricValueShares sold (directly held)6,000Transaction value$2.2 millionPost-transaction shares (directly held)118,742Post-transaction shares (indirectly held)343Post-transaction value$44 millionTransaction value based on SEC Form 4 weighted average sale price ($369.86); post-transaction value based on Aug. 28, 2026, market close ($369.90).
Key questionsWhat is the concentration of the executive's equity position?
Following this transaction, the executive maintains a significant long-term interest in the company, with 118,742 shares held directly and a minor indirect interest of 343 shares through retirement accounts.At what price levels was the transaction executed?
The sale was completed at a weighted average price of $369.86 per share, with individual execution prices ranging from $369.81 to $369.962.How does this sale affect the insider's total ownership percentage?
The executive now holds 0.05% of the company's total shares outstanding as of the Aug. 28, 2026, market close.What is the company's current scale and market position?
The firm operates with a market capitalization of $77 billion and reported trailing twelve-month revenue of $49 billion as of the most recent reporting period.Company OverviewMetricValueShare Price (as of market close 2026-08-28)$369.90Market Capitalization$77 billionRevenue (TTM)$49 billionNet Income (TTM)$8.3 billionCompany SnapshotThe Travelers Companies delivers a comprehensive portfolio of commercial and personal property and casualty insurance products and services through its network of subsidiaries, generating revenue across three primary operating segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.The company operates a diversified insurance business model that generates revenue through premium collection from policyholders, investment income from its substantial investment portfolio, and underwriting profits derived from disciplined risk selection and claims management.Travelers serves a broad customer base, including businesses of all sizes, government entities, associations, and individual consumers across the United States and international markets, positioning itself as a comprehensive risk management provider.The Travelers Companies is a leading property and casualty insurer with a market capitalization of $77 billion and TTM revenue of $49 billion, demonstrating substantial scale and market presence within the financial services sector. The company has delivered strong shareholder returns, with a 34.5% one-year share price appreciation, reflecting investor confidence in its underwriting discipline and capital management. As a diversified insurer with operations spanning commercial, specialty, and personal lines, Travelers maintains a competitive advantage through its integrated distribution network, sophisticated risk assessment capabilities, and strong financial position.
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What this transaction means for investorsFor shareholders, it may initially seem worrisome that an executive is selling $2.2 million worth of stock. But looking at the full context of the sale, this appears to largely be a routine transaction. Olivo indeed sold 6,000 shares on Aug. 28, but there are two other factors to consider regarding this sale.
The first is stock price appreciation. Over the last 12 months, the TRV stock price has climbed 34.5%, while the S&P 500 is up 18.8% over the same period. With that kind of return, it doesn't seem out of the ordinary that an executive may consider selling some shares. The second factor to consider is that Olivo still holds over 118,000 shares directly and 343 shares indirectly. That shows significant alignment with the company's future potential for success. Given both the stock price appreciation and the number of shares the insider still holds, this transaction does not appear to be something shareholders should be overly concerned about.
Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
The Travelers Companies (TRV - Free Report) is a stock many investors are watching right now. TRV is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 11.6. This compares to its industry's average Forward P/E of 26.81. Over the past 52 weeks, TRV's Forward P/E has been as high as 14.64 and as low as 11.13, with a median of 12.44.
We also note that TRV holds a PEG ratio of 2.87. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. TRV's industry has an average PEG of 3.19 right now. Over the past 52 weeks, TRV's PEG has been as high as 4.80 and as low as 1.01, with a median of 2.83.
Finally, investors will want to recognize that TRV has a P/CF ratio of 4.84. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. TRV's P/CF compares to its industry's average P/CF of 10.15. Over the past 52 weeks, TRV's P/CF has been as high as 5.29 and as low as 4.23, with a median of 4.74.
These figures are just a handful of the metrics value investors tend to look at, but they help show that The Travelers Companies is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, TRV feels like a great value stock at the moment.
HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today announced its Wednesdays with Woodward fall 2026 webinar schedule. The virtual series – hosted by Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers – convenes economists, former government officials, corporate executives and policy experts to examine pressing issues at the intersection of insurance, business and public policy. Since its launch, Wednesdays with Woodward has reached tens of thousands of leaders, policymakers and professionals across the United States.
“The business environment is growing more complex – from a shifting insurance market and rapid AI adoption to persistent workforce challenges and evolving cyber threats,” said Woodward. “Our webinar series helps leaders cut through that uncertainty. This fall, we’ve assembled economists, former federal officials and industry experts who will equip attendees with the framework and data they need to make sound decisions amid constant change.”
Upcoming webinars include:
Sept. 9: “P&C Insurance Market Outlook, Insights and Emerging Trends With Dr. Robert Hartwig” –
Dr. Robert Hartwig, Director of the Risk and Uncertainty Management Center and Clinical Associate Professor at the University of South Carolina, will provide a data-driven look at the forces reshaping the property and casualty landscape. He’ll examine the current state of the P&C industry and what the latest economic signals may mean for businesses and customers.Sept. 30: “Defending Against Today’s Cyber Threats: Former Government Leaders Weigh In” –
Jeff Greene, Former Executive Assistant Director for Cybersecurity at the Cybersecurity and Infrastructure Security Agency (CISA) and Former Chief of Cyber Response and Policy on the National Security Council at the White House, will join Nicole Tisdale, Former Director of the National Security Council at the White House, to examine the geopolitical implications for cybersecurity, the vulnerabilities of edge devices, the impact of agentic AI, and how to communicate the importance of cyber safety with the public.Oct. 7: “Competitive Advantage Under Pressure: What Really Protects Deal Value” –
Dan Rohr, Head of Global Equity Research for Morningstar; Charlie Tice, Business Insurance Private Practice Leader for Travelers; and Marshall Minoux, Vice President of Risk Mitigation Services, Bond & Specialty Insurance, Performance Construction Advisors for Travelers, will explore findings from the “2026-2027 Competitive Advantage Study: A Travelers Special Report” – developed in partnership with Morningstar – and analyze the forces shaping how businesses manage risk and build resilience.Oct. 14: “When AI Joins the Team: Human Connection in the Intelligent Workplace” –
John Burrows, Ph.D., Senior Lecturer at University of Chicago’s Harris School of Public Policy and Associate Fellow at Oxford University’s Saïd Business School, and co-author of “Social Capital at Work: Building the Hidden Asset that Drives Trust, Engagement, and Performance,” will discuss his forthcoming book and share research-backed strategies for building trust and human connection in highly digitized and AI-integrated workplaces.Nov. 4: “Tapping a High Value Talent Pool: Veterans and Military Spouses” –
Chris Pillow, Vice President of Product Management, Business Insurance for Travelers and Leadership Mentor of the company’s Military/Veterans & Allies Diversity Network, and Julie Galloway, Assistant Vice President of Client Delivery in HR-Talent Acquisition at Travelers, will share how Travelers supports and recruits veterans and military spouses, and why organizations should tap into these valuable talent pools.Nov. 18: “The Labor Market Now: Insights From LinkedIn® Economist Dr. Kory Kantenga” –
Dr. Kory Kantenga, LinkedIn’s Head of Economics for the Americas, returns with a data-driven update on the U.S. labor market. Drawing on LinkedIn’s view of hiring trends and workforce activity, Dr. Kantenga will share the economic intelligence needed to navigate today’s talent landscape.All events will take place at 1 p.m. ET and are free and open to the public. To register, please visit the Travelers Institute website.
About the Travelers Institute
The Travelers Institute, the public policy division of The Travelers Companies, Inc., engages in discussion and analysis of public policy topics of importance to the insurance marketplace and to the financial services industry more broadly. The Travelers Institute draws upon the industry expertise of Travelers’ senior management as well as the technical expertise of many of Travelers’ underwriters, risk managers and other experts to provide information, analysis and solutions to public policymakers and regulators. Travelers is a leading provider of property casualty insurance for auto, home and business. For more information, visit Travelers.com.
Beacon Pointe Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,383 shares of the insurance provider’s stock, valued at approximately $7,718,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new position in Travelers Companies in the fourth quarter valued at approximately $276,000. WINTON GROUP Ltd acquired a new position in Travelers Companies during the second quarter valued at approximately $382,000. CIBC Asset Management Inc raised its position in Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock valued at $18,336,000 after purchasing an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Travelers Companies by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after purchasing an additional 2,117 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.
Travelers Companies Trading Up 0.1% NYSE TRV opened at $369.85 on Friday. The firm has a market capitalization of $77.14 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.45. The business’s 50-day moving average price is $358.56 and its two-hundred day moving average price is $320.77. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70.
Travelers Companies (NYSE:TRV – Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the firm posted $6.51 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year. Travelers Companies Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.
Insider Activity In related news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 52,667 shares of company stock valued at $19,611,829. 1.39% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Raymond James Financial set a $430.00 price objective on Travelers Companies in a research report on Monday, July 20th. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research report on Tuesday, May 26th. Finally, Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $354.26.
View Our Latest Stock Report on TRV
(Free Report)
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
See Also Five stocks we like better than Travelers Companies 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude? Okta Stock Surges 29%—Is $200 the Next Stop? Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV – Free Report).
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Aberdeen Wealth Management LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,840 shares of the insurance provider’s stock, valued at approximately $1,067,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. LifeSteps Financial Inc. purchased a new position in shares of Travelers Companies during the second quarter worth approximately $26,000. Kilter Group LLC acquired a new stake in shares of Travelers Companies during the second quarter worth about $26,000. HHM Wealth Advisors LLC grew its holdings in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Travelers Companies during the fourth quarter worth about $26,000. Finally, Whipplewood Advisors LLC acquired a new position in Travelers Companies in the 1st quarter valued at about $26,000. Institutional investors and hedge funds own 82.45% of the company’s stock.
Travelers Companies Stock Performance NYSE TRV opened at $370.65 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $353.55 and its two-hundred day moving average is $318.93. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The stock has a market capitalization of $77.31 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 3.46 and a beta of 0.45.
Travelers Companies (NYSE:TRV – Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period last year, the firm earned $6.51 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. Research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year. Travelers Companies Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies’s payout ratio is currently 13.39%.
Analyst Ratings Changes Several analysts have commented on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research note on Tuesday, May 26th. Bank of America boosted their target price on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Morgan Stanley upped their price target on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $354.26.
Check Out Our Latest Report on Travelers Companies
Insider Activity In other news, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president directly owned 5,298 shares in the company, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 52,667 shares of company stock valued at $19,611,829 in the last quarter. Insiders own 1.39% of the company’s stock.
Travelers Companies Profile (Free Report)
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
Featured Stories Five stocks we like better than Travelers Companies Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here
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Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,470 shares of the insurance provider’s stock, valued at approximately $4,447,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC lifted its position in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new position in Travelers Companies in the first quarter valued at approximately $26,000. LifeSteps Financial Inc. bought a new position in Travelers Companies in the second quarter valued at approximately $26,000. Kilter Group LLC acquired a new stake in Travelers Companies during the 2nd quarter worth $26,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Travelers Companies during the 4th quarter worth $26,000. Institutional investors and hedge funds own 82.45% of the company’s stock.
Travelers Companies Stock Up 1.9% Shares of Travelers Companies stock opened at $370.65 on Tuesday. The firm has a market cap of $77.31 billion, a PE ratio of 9.93, a P/E/G ratio of 3.46 and a beta of 0.45. The business’s 50 day simple moving average is $353.55 and its 200 day simple moving average is $318.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70.
Travelers Companies (NYSE:TRV – Get Free Report) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the firm posted $6.51 EPS. The business’s revenue was up .3% on a year-over-year basis. On average, analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year. Travelers Companies Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.3%. Travelers Companies’s payout ratio is 13.39%.
Wall Street Analysts Forecast Growth A number of research analysts have recently weighed in on the company. Roth Capital increased their price target on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Wells Fargo & Company raised their price objective on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Finally, Mizuho boosted their target price on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $354.26.
View Our Latest Research Report on Travelers Companies
Insider Activity at Travelers Companies In other news, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 52,667 shares of company stock worth $19,611,829. Corporate insiders own 1.39% of the company’s stock.
Travelers Companies Profile (Free Report)
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
See Also Five stocks we like better than Travelers Companies Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV – Free Report).
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Key Takeaways U.S. commercial insurance pricing rose 2.5% in Q1 2026, down from 5.3% a year earlier. Growth is shifting toward new business, retention, exposure growth and market share as rates moderate. Strong risk selection, claims management and expense control should help insurers outperform competitors. In the U.S. insurance industry, rate increases have substantially improved insurer profitability, particularly in personal auto, homeowners, and commercial P&C over the years. But now the U.S. insurance industry is transitioning from a rate-driven growth environment to an execution-driven one as it moves from the hard-market phase toward a more competitive environment.
In commercial insurance, pricing increased just 2.5% year over year in the first quarter of 2026, down from 5.3% a year earlier, marking the third consecutive quarter of moderating increases. Swiss Re expects U.S. P&C premium growth to slow to about 3% in 2026 as attractive margins draw additional capacity into the market.
With pricing power weakening, insurers with superior risk selection, claims management and expense control should outperform competitors. Increased competition is already pushing auto premiums lower. After years of relentless rate increases, the Bureau of Labor Statistics reports that the Consumer Price Index for motor vehicle insurance fell 4.5% from July 2025 to July 2026.
Strong insurer balance sheets, stabilized reinsurance pricing and increased underwriting appetite are creating new opportunities for many organizations to improve coverage terms while managing insurance costs. According to Alera Group, average overall commercial insurance premium growth was flat in the first half of 2026, reflecting the softest market conditions seen since 2017.
As the U.S. insurance pricing cycle moderates, premium growth increasingly depends on underlying business growth rather than on rate increases. The quality of growth increasingly depends on an insurer's ability to generate organic new business, retain customers, benefit from exposure growth and capture market share, while maintaining underwriting discipline.
Here's how these factors will benefit insurers. Winning new customers adds policies and premiums even when insurers cannot rely on higher rates. Growth in payrolls, property values, vehicle counts, business activity, construction and other economic exposures can increase insured values and therefore premiums, even with stable pricing. High retention also reduces the need to continually replace lost customers through costly new-business acquisition.
Insurers can grow faster than the overall market by taking business from competitors. This can come from stronger underwriting capabilities, broader product offerings, better service, geographic expansion or more effective distribution.
These factors in combination allow insurers to sustain premium and revenue growth despite softer pricing.
For insurance stocks such as The Travelers Companies, Inc. (TRV - Free Report) , Chubb Limited (CB - Free Report) and W.R. Berkley Corporation (WRB - Free Report) , strong underwriting discipline and specialty exposure can help protect profitability as the pricing cycle softens.
Price PerformanceThe insurance industry has returned 3.2% in the past year compared with the Finance sector’s growth of 11.5% and the Zacks S&P 500 composite’s appreciation of 20.8%.
Image Source: Zacks Investment Research
3 Insurers to WatchWith the help of the Zacks Stock Screener, we have selected three insurance stocks with an impressive Value Score of B. TRV carries a Zacks Rank #2 (Buy), while CB and WRB have a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Based in New York, The Travelers provides a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States and select international markets. Strong renewal rate change, retention and increased new business, supported by a compelling portfolio and a solid capital position, poise TRV well for growth. The company raised its dividend for 22 consecutive years, with an 8% compound annual growth rate over that period. The insurer also has a favorable VGM Score of B.
The Zacks Consensus Estimate for The Travelers’ 2026 earnings per share indicates a year-over-year increase of 22.6%.
The consensus estimate for 2027 revenues indicates an increase of 2.9% from the 2026 estimates.
The consensus estimate for 2026 and 2027 has moved 4.1% and 1.1% north, respectively, in the past 30 days. Earnings have grown 19.2% in the past five years. The expected long-term earnings growth rate is pegged at 3.1%. TRV delivered a four-quarter average earnings surprise of 41.68%. Shares of TRV have rallied 36% in the past year.
Headquartered in Zurich, Switzerland, Chubb Limited is one of the world’s largest providers of property and casualty insurance and reinsurance and the largest publicly traded P&C insurer based on market capitalization. Chubb Limited is poised for long-term growth as it capitalizes on the potential of middle-market businesses (both domestic and international) as well as enhances traditional core packages and specialty products. Investments in various strategic initiatives bode well for growth. It focuses on cyber insurance, which has immense room for growth. This insurer has increased dividends for 33 straight years.
The Zacks Consensus Estimate for Chubb’s 2026 earnings per share indicates a year-over-year increase of 10.8%. The consensus estimate for revenues is pegged at $64.33 billion, implying a year-over-year improvement of 7.2%.
The consensus estimate for 2027 earnings and revenues indicates an increase of 5.1% and 4.1%, respectively, from the 2026 estimates.
The consensus estimate for 2026 and 2027 has moved 1.4% and 0.5% north, respectively, in the past 30 days. Earnings have grown 19.7% in the past five years. The expected long-term earnings growth rate is pegged at 7.5%. CB delivered a four-quarter average earnings surprise of 13.7%. CB shares have rallied 26% in the past year.
Greenwich, CT-based W.R. Berkley is one of the nation’s largest commercial lines property casualty insurance providers. The company offers a variety of insurance services, from reinsurance to workers' comp third-party administrators.
WRB has consistently benefited from its insurance business, with premiums written increasing over the past many years. WRB has been investing in numerous startups since 2006 and establishing new units in growing international markets. WRB’s international business is poised for growth, supported by emerging markets. A solid capital position enables capital deployment. Investment in alternative assets should help improve investment income. The insurer also has a favorable VGM Score of B.
The Zacks Consensus Estimate for W.R. Berkley’s 2026 earnings per share indicates a year-over-year increase of 11.7%. The consensus estimate for revenues is pegged at $15.05 billion, implying a year-over-year improvement of 3.2%.
The consensus estimate for 2027 revenues indicates an increase of 3.1% from the 2026 estimates.
The consensus estimate for 2026 has moved 1.89% north in the past 30 days. Earnings have grown 22.5% in the past five years. WRB earnings surpassed estimates in three of the last four quarters and missed in one, the average surprise being 8.37%. Shares of the insurer have lost 2% in the past year.
Ancora Advisors LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,062 shares of the insurance provider’s stock, valued at approximately $4,203,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Travelers Companies in the 2nd quarter valued at approximately $6,915,909,000. State Street Corp grew its position in Travelers Companies by 3.1% during the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after buying an additional 486,861 shares in the last quarter. Morgan Stanley increased its stake in Travelers Companies by 2.3% in the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after acquiring an additional 85,298 shares during the last quarter. Legal & General Group Plc acquired a new stake in Travelers Companies in the second quarter valued at approximately $799,601,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after purchasing an additional 123,564 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at approximately $2,048,789.58. The trade was a 44.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 52,667 shares of company stock valued at $19,611,829 in the last three months. Company insiders own 1.39% of the company’s stock.
Travelers Companies Trading Up 0.4% NYSE:TRV opened at $371.02 on Thursday. The firm has a market cap of $77.39 billion, a P/E ratio of 9.94, a P/E/G ratio of 3.51 and a beta of 0.45. The firm has a 50-day simple moving average of $356.08 and a 200-day simple moving average of $319.95. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. Travelers Companies (NYSE:TRV – Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the previous year, the firm earned $6.51 earnings per share. The company’s revenue was up .3% on a year-over-year basis. Equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.
Travelers Companies Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.
Wall Street Analyst Weigh In A number of research analysts recently weighed in on TRV shares. Roth Capital upped their price target on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, August 20th. Morgan Stanley boosted their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price target for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Finally, Citigroup restated a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $354.26.
View Our Latest Analysis on TRV
Travelers Companies Company Profile (Free Report)
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
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Key Takeaways TravelersLLM uses company data to improve underwriting analysis, research and employee workflows.New Business Submission Automation cut submission registration time from two hours to two minutes.AI Claim Assistant and Claim Insights are helping streamline claims and prioritize important cases. The Travelers Companies, Inc. (TRV - Free Report) is strengthening its insurance operations through artificial intelligence, proprietary data and advanced analytics. Its AI strategy focuses on improving underwriting decisions, speeding up claims and increasing employee productivity, which could support long-term underwriting profitability.
A key part of the strategy is TravelersLLM, the company's proprietary large language model designed specifically for property-casualty insurance. Trained on millions of company documents, the model helps employees access decades of institutional knowledge, improve underwriting analysis, accelerate research and enhance workflows. In testing, TRV said TravelersLLM delivered higher-quality results than commercial AI models at lower cost and greater speed.
AI is also being used to improve underwriting efficiency. TRV's New Business Submission Automation reduced the time required to register new business submissions from two hours to two minutes, enabling underwriters to process opportunities faster and potentially allowing the company to pursue more business.
The company is extending AI into claims management. Its AI Claim Assistant helps customers initiate auto-damage claims, while Claim Insights helps risk managers identify and prioritize important claims. Faster claims processing can allow employees to focus on more complex cases and improve customer service.
Overall, TRV's combination of proprietary data, insurance expertise and AI could improve risk selection, productivity and operating efficiency. As these tools expand across the business, they could become an increasingly important driver of underwriting profitability.
What About Its Peers?Insurers like The Allstate Corporation (ALL - Free Report) and Kinsale Capital Group (KNSL - Free Report) are also increasingly using AI, data and analytics to improve underwriting efficiency.
Allstate's AI strategy is focused on improving underwriting, claims and customer experiences. Allstate has been integrating AI into claims and underwriting processes, with the goal of improving efficiency and decision-making. Allstate also ranks among the leading insurers in AI adoption, according to the 2026 Evident Insurance AI Index.
Kinsale uses proprietary technology, internal data, analytics and machine learning to support risk selection, pricing and underwriting efficiency. Kinsale is also expanding the use of AI across underwriting, claims and analytics, to improve productivity and operating efficiency.
TRV’s Price PerformanceShares of TRV have gained 36.3% in the past year, outperforming the industry’s growth of 2.8%.
Image Source: Zacks Investment Research
TRV’s OvervaluationThe stock is overvalued compared with its industry. It is currently trading at a price-to-book value multiple of 2.34, higher than the industry average of 1.43. It carries a Value Score of B.
Image Source: Zacks Investment Research
Estimate Movement for TRVThe Zacks Consensus Estimate for Travelers’ 2026 earnings per share (EPS) indicates a year-over-year decrease of 0.1%. The consensus estimate for revenues is pegged at $48.82 billion, implying a 1.2% year-over-year increase.
The consensus estimate for 2027 EPS indicates a decrease of 11.5%, while revenues indicate an increase of 2.9%, respectively, from the corresponding 2026 estimates.
The Zacks Consensus Estimate for 2026 and 2027 earnings have moved 2.9% and 0.7% north, respectively, over the last 30 days.
Image Source: Zacks Investment Research
TRV stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ally Financial Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,000 shares of the insurance provider’s stock, valued at approximately $2,646,000.
Other large investors have also recently made changes to their positions in the company. LifeSteps Financial Inc. bought a new position in Travelers Companies in the 2nd quarter worth about $26,000. Kilter Group LLC bought a new position in Travelers Companies in the second quarter worth approximately $26,000. HHM Wealth Advisors LLC increased its holdings in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares during the period. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies during the 4th quarter worth $26,000. Finally, Whipplewood Advisors LLC bought a new stake in Travelers Companies during the 1st quarter valued at $26,000. 82.45% of the stock is owned by hedge funds and other institutional investors.
Travelers Companies Stock Performance Shares of Travelers Companies stock opened at $363.83 on Monday. The firm has a market capitalization of $75.89 billion, a P/E ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average price of $352.28 and a 200 day moving average price of $318.35. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70.
Travelers Companies (NYSE:TRV – Get Free Report) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. Travelers Companies’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.51 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year. Travelers Companies Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is currently 13.39%.
Analyst Upgrades and Downgrades TRV has been the topic of several research reports. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price target for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. Piper Sandler upped their price target on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Finally, UBS Group lifted their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $354.26.
Check Out Our Latest Research Report on TRV
Insiders Place Their Bets In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 62,667 shares of company stock valued at $22,688,329. Insiders own 1.39% of the company’s stock.
Travelers Companies Company Profile (Free Report)
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
See Also Five stocks we like better than Travelers Companies VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
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Bank of Nova Scotia purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 60,435 shares of the insurance provider’s stock, valued at approximately $19,949,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. HHM Wealth Advisors LLC lifted its holdings in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies in the first quarter worth about $26,000. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies in the second quarter valued at approximately $26,000. Kilter Group LLC bought a new stake in shares of Travelers Companies in the second quarter valued at approximately $26,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $26,000. Institutional investors own 82.45% of the company’s stock.
Wall Street Analysts Forecast Growth Several research analysts recently commented on the stock. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a report on Tuesday, May 26th. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a report on Monday, July 20th. Morgan Stanley increased their target price on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Mizuho raised their price target on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Citigroup reiterated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $354.26.
View Our Latest Report on Travelers Companies Travelers Companies Trading Up 0.1% Shares of TRV opened at $363.83 on Monday. The firm’s 50 day simple moving average is $352.28 and its 200 day simple moving average is $318.35. The company has a market capitalization of $75.89 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70.
Travelers Companies (NYSE:TRV – Get Free Report) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.51 EPS. Sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.
Travelers Companies Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is currently 13.39%.
Insider Buying and Selling In related news, EVP David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares in the company, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 62,667 shares of company stock valued at $22,688,329 in the last three months. 1.39% of the stock is owned by corporate insiders.
Travelers Companies Company Profile (Free Report)
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
Recommended Stories Five stocks we like better than Travelers Companies VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV – Free Report).
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Biondo Investment Advisors LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 61,901 shares of the insurance provider’s stock, valued at approximately $13,649,000. Travelers Companies accounts for about 1.7% of Biondo Investment Advisors LLC’s investment portfolio, making the stock its 20th largest holding.
Several other hedge funds also recently made changes to their positions in TRV. Berman McAleer LLC lifted its position in shares of Travelers Companies by 3.5% during the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock valued at $295,000 after acquiring an additional 30 shares during the period. Willner & Heller LLC lifted its position in Travelers Companies by 2.7% during the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after purchasing an additional 32 shares during the period. Spinnaker Trust lifted its position in Travelers Companies by 1.7% during the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock worth $565,000 after purchasing an additional 33 shares during the period. Cim LLC grew its stake in Travelers Companies by 0.4% during the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after buying an additional 34 shares in the last quarter. Finally, Avalon Trust Co increased its holdings in Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after buying an additional 35 shares during the period. 82.45% of the stock is owned by institutional investors.
Travelers Companies Price Performance Travelers Companies stock opened at $363.83 on Monday. The stock’s 50 day moving average is $352.28 and its 200 day moving average is $318.35. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The firm has a market cap of $75.89 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.
Travelers Companies (NYSE:TRV – Get Free Report) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the business earned $6.51 EPS. The company’s revenue was up .3% compared to the same quarter last year. As a group, research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year. Travelers Companies Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.
Insider Transactions at Travelers Companies In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. The trade was a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 62,667 shares of company stock worth $22,688,329. Corporate insiders own 1.39% of the company’s stock.
Analyst Ratings Changes A number of research analysts recently issued reports on TRV shares. Morgan Stanley lifted their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Barclays lifted their price target on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Roth Capital upped their price objective on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. HSBC lifted their target price on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Finally, Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $354.26.
Check Out Our Latest Research Report on TRV
Travelers Companies Company Profile (Free Report)
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
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