27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The Travelers Companies (AMEX: TRV) announced its results for the fourth quarter on January 24, 2012. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.
Earnings and Revenue:
The Travelers Companies' EPS fell in line with analyst expectations of $1.51/share while revenue of $6.37 billion beat estimates of $5.47 billion. EPS fell 22.6% while revenue climbed 0.6% from the same period last year.
The Travelers Companies' revenue rose last quarter after falling 1.2% to $6.41 billion in the third quarter.
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Income:
The company's net income for the quarter was $618 million. This is a 30.9% decline from last year.
Official Comment:
"We posted solid results in the quarter, generating net income of $618 million and a return on equity of 10%," commented Jay Fishman, Chairman and Chief Executive Officer, "In light of the fact that 2011 was the costliest catastrophe year on record for the insurance industry on a global basis, we are pleased that the strength of our businesses enabled us to generate net income of $1.4 billion and to grow book value per share by 7%."
Industry:
The insurance-property and casualty company's industry is currently enjoying price/earnings growth of 1.8%.
What to Do Next:
Now you're all set to decide what to do with those The Travelers Companies shares until the next earnings announcement. Whether you buy, sell, or hold, check back with us before the company's next earnings release for a full preview.
- To see up-to-date news on The Travelers Companies, click here
- To see other trading ideas, click here
- To see other company earnings recaps, click here
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.