Last $94.86 USD
Change Today +0.25 / 0.26%
Volume 672.2K
TRV On Other Exchanges
Symbol
Exchange
New York
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As of 12:13 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

travelers cos inc/the (TRV) Snapshot

Open
$94.56
Previous Close
$94.61
Day High
$94.95
Day Low
$94.47
52 Week High
06/20/14 - $96.18
52 Week Low
02/4/14 - $79.89
Market Cap
32.1B
Average Volume 10 Days
1.9M
EPS TTM
$9.91
Shares Outstanding
339.0M
EX-Date
09/8/14
P/E TM
9.6x
Dividend
$2.20
Dividend Yield
2.21%
Current Stock Chart for TRAVELERS COS INC/THE (TRV)

travelers cos inc/the (TRV) Details

The Travelers Companies, Inc., through its subsidiaries, provides various commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States. It operates in three segments: Business Insurance; Financial, Professional, and International Insurance; and Personal Insurance. The Business Insurance segment offers property and casualty products, such as commercial multi-peril, commercial property, general liability, commercial auto, and workers’ compensation insurance. This segment operates in six groups: Select Accounts, which serves small businesses; Commercial Accounts that serves mid-sized businesses; National Accounts, which serves large companies; Industry-Focused Underwriting that serves targeted industries; Target Risk Underwriting, which serves commercial businesses requiring specialized product underwriting, claims handling, and risk management services; and Specialized Distribution that offers products to customers through licensed wholesale agents and program managers. The Financial, Professional, and International Insurance segment provides surety and financial liability coverage, which uses credit-based underwriting processes; and property and casualty products primarily in Canada, the United Kingdom, and the Republic of Ireland. The Personal Insurance segment offers property and casualty insurance covering personal risks, primarily automobile and homeowners insurance to individuals. The company distributes its products primarily through independent agencies and brokers. The Travelers Companies, Inc. was founded in 1853 and is based in New York, New York.

30,800 Employees
Last Reported Date: 02/13/14
Founded in 1853

travelers cos inc/the (TRV) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.0M
President, Chief Operating Officer and Member...
Total Annual Compensation: $925.0K
Vice Chairman, Chief Financial Officer and Me...
Total Annual Compensation: $737.7K
Vice Chairman, Chief Executive Officer of Bus...
Total Annual Compensation: $737.7K
Vice Chairman, Chief Investment Officer and M...
Total Annual Compensation: $737.7K
Compensation as of Fiscal Year 2013.

travelers cos inc/the (TRV) Key Developments

The Travelers Companies, Inc. Presents at Barclays 2014 Global Financial Services Conference, Sep-08-2014 09:00 AM

The Travelers Companies, Inc. Presents at Barclays 2014 Global Financial Services Conference, Sep-08-2014 09:00 AM. Venue: Hilton Midtown, 1335 Avenue of the Americas, New York, New York, United States. Speakers: Jay S. Benet, Vice Chairman, Chief Financial Officer and Member of Operating Committee.

The Travelers Companies, Inc. Approves Amendment to Bylaws

On August 5, 2014, the Board of Directors of The Travelers Companies, Inc., upon recommendation of the Company's Nominating and Governance Committee, approved an amendment and restatement of the Company's Amended and Restated Bylaws, which changes were effective immediately upon approval. Among other changes, the bylaws were revised to clarify that shareholders who seek to propose business at a shareholders' meeting, including with respect to the nomination of directors, must generally ensure that the Company receives such proposal, at its principal executive office, no less than 90 days nor more than 120 days prior to the first anniversary of the date of the preceding year's annual meeting of shareholders. In addition, the bylaws were revised to clarify the type of information that the Company may require a shareholder to submit in connection with a shareholder nomination for director. The Board of Directors also made certain technical and conforming amendments to the bylaws, including with respect to the minimum number of board meetings required to be held each year and the adjournment of shareholder meetings. The Board of Directors also included in the bylaws language that mirrors existing Minnesota law regarding the ability of the board to act by written consent and the ability of board committees to establish subcommittees.

The U.S. Court of Appeals for Second Circuit Reinstates Asbestos Judgment Against Travelers Cos. Inc

The U.S. Court of Appeals for the Second Circuit put to rest the private hopes and dreams of insurer Travelers Cos. Inc., in its attempt to avoid its obligation to thousands of asbestos victims. The Second Circuit confirmed that the Settlement Agreements Travelers agreed to in 2004 were binding and enforceable contracts between the parties, that all conditions had been satisfied, and that whatever Travelers' "private hopes and dreams were" they were not supported by the language of the agreement. Attorneys with Motley Rice LLC have played a central role in this case from the first filings and were integral in negotiating the Statutory Direct Action and Hawaii Settlement Agreement reached with Travelers, and they have continued to play a key role in the decade-long appellate proceedings surrounding these cases. Travelers had sought to avoid paying these settlements, arguing that certain items were a condition precedent to the obligation to make payments. Travelers had sought to avoid paying these settlements, arguing that certain items were a condition precedent to the obligation to make payments. The Second Circuit disagreed with the company's arguments and found that Travelers' interpretation amounts to a contractual term that is incapable of ever being fulfilled such an impossible condition with no support in contractual language and clearly not intended by the parties would have rendered the contract a nullity from its inception. In 2001, attorneys now with Motley Rice filed a number of claims on behalf of certain asbestos clients who had resolved claims with various asbestos defendants. At that time, the allegations involved statutory violations by Travelers, including that Travelers conspired to violate state laws prohibiting unfair insurance practices by fraudulently perpetrating "a state of the art defense in the asbestos litigation. Travelers sought to enjoin this litigation in 2002 by use of the Manville bankruptcy. After litigating in the Manville Bankruptcy Court for two years, the matter was settled with Travelers agreeing to make a payment of $360 million to the Direct Action Statutory Claimants. Travelers also agreed to settle a similar action that had been brought in Hawaii for $15 million and to pay $70 million toward common-law claims that had been filed.

 

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Industry Analysis

TRV

Industry Average

Valuation TRV Industry Range
Price/Earnings 9.5x
Price/Sales 1.2x
Price/Book 1.3x
Price/Cash Flow 8.9x
TEV/Sales 0.8x
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