Market News AIOpen the app

Analysts are raising their price targets for Travelers after the company reported great results for the third quarter.

ResultsRead the original at Benzinga
Good for TRV

Travelers reported strong profit, insurance results, and a record investment result, while profit and sales beat estimates. Sales still slipped slightly, but the stronger insurance and investment results support a positive read.

TRV · The Travelers Companies Inc.

AI read · Good for TRV

The AI's read

The results show Travelers brought in more profit from its insurance work and investments. Strong underwriting across all 3 business areas supports a positive read. Sales slipped slightly, but still topped analysts' estimate. Some underwriting profit also came from favorable changes tied to earlier years, so that part may not repeat.

Get alerts for TRV

Follow The Travelers Companies Inc. (TRV) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for TRV
Free on the App Store and Google Play, or on the web.