Resend-BUZZ-Preview: Travelers expects quarterly revenue to decline slightly
路透社2026/10/15 20:37Corrected the spelling of "quarterly" in the title
October 15 - ** On Thursday, Travelers (TRV.N) shares rose 1% as the company is set to report its quarterly earnings before the market opens on Friday, with analysts expecting a decline in both revenue and profit
** According to data from the London Stock Exchange Group (LSEG), the property and casualty insurer is expected to report quarterly revenue down 1% year-on-year to $11.38 billion, with adjusted earnings per share of $7.42 compared to $8.14 in the same period last year
** Thanks to reduced catastrophe losses and strong investment income, the company's profit in July for the quarter (link) exceeded analysts' expectations
** TRV's current share price is about 4% below its record closing high set on July 28
** At the start of 2026, TRV is one of the S&P 500's lowest-rated stocks on average by analysts. However, TRV has gained 31.5% so far this year, well above the S&P 500 index's .SPX rise of about 13%
** Currently, the average recommendation from 31 analysts is "hold," with 6 rating it a "buy," 20 a "hold," and 5 a "sell"
** According to data from the London Stock Exchange Group (LSEG), the stock's recent price-earnings ratio is 12 times, in line with the average level of the past five years
(To assist non-native English speakers, Reuters provides automated translations of its reports into several other languages. Automated translations may contain errors or lack needed context, so Reuters does not guarantee the accuracy of these translations and provides them solely for reader convenience. Reuters accepts no responsibility for any damage or loss arising from the use of automated translations.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like

BHP sues union at Spence copper mine over ‘illegal’ stoppages
SPACSphere, Mobilewalla amend deal to expand combined company board to seven directors