Latest news with #TravelersCompanies
Yahoo
2 days ago
- Business
- Yahoo
Cincinnati Financial's quarterly profit more than doubles on higher premiums, interest income
(Reuters) -Property and casualty insurer Cincinnati Financial reported on Monday that its second-quarter profit more than doubled, reflecting higher premiums and investment income. The results reflect the stability of insurance firms, even as trade tensions disrupt other businesses. As consumers and companies grow accustomed to economic uncertainty, spending on policies has remained steady. Earned premiums rose 15% to $2.48 billion, the Fairfield, Ohio-based company said. Investment income jumped 18% to $285 million, driven by higher interest payments from its bond portfolio. The company reported a profit of $685 million, or $4.34 per share, for the three months ended June 30, compared with $312 million, or $1.98 per share, a year earlier. Its shares have risen nearly 4% so far this year as of Friday's close, compared with a nearly 2.3% gain in the S&P 500 insurance index. Earlier this month, industry bellwether Travelers Companies reported higher profits due to stronger underwriting and investment returns.
Reuters
2 days ago
- Business
- Reuters
Cincinnati Financial's quarterly profit more than doubles on higher premiums, interest income
July 28 (Reuters) - Property and casualty insurer Cincinnati Financial (CINF.O), opens new tab reported on Monday that its second-quarter profit more than doubled, reflecting higher premiums and investment income. The results reflect the stability of insurance firms, even as trade tensions disrupt other businesses. As consumers and companies grow accustomed to economic uncertainty, spending on policies has remained steady. Earned premiums rose 15% to $2.48 billion, the Fairfield, Ohio-based company said. Investment income jumped 18% to $285 million, driven by higher interest payments from its bond portfolio. The company reported a profit of $685 million, or $4.34 per share, for the three months ended June 30, compared with $312 million, or $1.98 per share, a year earlier. Its shares have risen nearly 4% so far this year as of Friday's close, compared with a nearly 2.3% gain in the S&P 500 insurance index (.SPXIN), opens new tab. Earlier this month, industry bellwether Travelers Companies (TRV.N), opens new tab reported higher profits due to stronger underwriting and investment returns.
Yahoo
2 days ago
- Business
- Yahoo
Cincinnati Financial's quarterly profit more than doubles on higher premiums, interest income
(Reuters) -Property and casualty insurer Cincinnati Financial reported on Monday that its second-quarter profit more than doubled, reflecting higher premiums and investment income. The results reflect the stability of insurance firms, even as trade tensions disrupt other businesses. As consumers and companies grow accustomed to economic uncertainty, spending on policies has remained steady. Earned premiums rose 15% to $2.48 billion, the Fairfield, Ohio-based company said. Investment income jumped 18% to $285 million, driven by higher interest payments from its bond portfolio. The company reported a profit of $685 million, or $4.34 per share, for the three months ended June 30, compared with $312 million, or $1.98 per share, a year earlier. Its shares have risen nearly 4% so far this year as of Friday's close, compared with a nearly 2.3% gain in the S&P 500 insurance index. Earlier this month, industry bellwether Travelers Companies reported higher profits due to stronger underwriting and investment returns. Sign in to access your portfolio
Business Insider
21-07-2025
- Business
- Business Insider
Travelers Companies (TRV) Receives a Buy from Roth MKM
In a report released today, Harry Fong from Roth MKM maintained a Buy rating on Travelers Companies, with a price target of $300.00. The company's shares closed last Friday at $265.97. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Fong is a 5-star analyst with an average return of 13.2% and a 67.56% success rate. Fong covers the Financial sector, focusing on stocks such as Progressive, Allstate, and Marsh & Mclennan Companies. In addition to Roth MKM, Travelers Companies also received a Buy from TR | OpenAI – 4o's Wesley Roofguard in a report issued on July 18. However, on the same day, Wells Fargo maintained a Hold rating on Travelers Companies (NYSE: TRV). Based on Travelers Companies' latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $12.12 billion and a net profit of $1.51 billion. In comparison, last year the company earned a revenue of $11.28 billion and had a net profit of $534 million Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRV in relation to earlier this year. Last month, William Heyman, the Vice Chairman of TRV sold 2,000.00 shares for a total of $553,000.00.
Yahoo
19-07-2025
- Business
- Yahoo
Travelers Companies Second Quarter 2025 Earnings: EPS Beats Expectations
Travelers Companies (NYSE:TRV) Second Quarter 2025 Results Key Financial Results Revenue: US$12.1b (up 7.4% from 2Q 2024). Net income: US$1.51b (up 185% from 2Q 2024). Profit margin: 13% (up from 4.7% in 2Q 2024). The increase in margin was primarily driven by higher revenue. EPS: US$6.68 (up from US$2.31 in 2Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Travelers Companies EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 77%. Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in the US. Performance of the American Insurance industry. The company's shares are up 4.5% from a week ago. Risk Analysis Before we wrap up, we've discovered 1 warning sign for Travelers Companies that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
