5 Insurance Stocks That Sandy Didn't Blow Away
3. Travelers
Shares of The Travelers Companies (TRV) closed at $74.95 Monday, trading for 10.9 times the consensus 2013 EPS estimate of $6.85. The consensus 2014 EPS estimate is $7.06.
The shares returned 25% during 2012.
Based on a quarterly payout of 46 cents, the shares have a dividend yield of 2.45%.
Travelers on Dec. 5 announced that its preliminary estimate of losses related to Sandy was $1.135 billion, net of reinsurance. The after-tax loss estimate was $650 million.. The company is scheduled announce its fourth-quarter results on Jan. 22, with a consensus earnings estimate of seven cents a share, compared to EPS of $2.22 during the third quarter, and $1.48 during the fourth quarter of 2011.
The company on Dec. 5 also said it intended to resume repurchasing common shares, which it had suspended temporarily after Sandy hit. For the first three quarters of 2012, Travelers reported an underwriting profit of $845 million. For 2011, the company reported an underwriting loss of $745 million.
TRV data by YChartsInterested in more on Travelers? See TheStreet Ratings' report card for this stock.
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