Tiger Brokers

BUZZ-PREVIEW: Travelers rises ahead of qtrly results

Reuters
Jan 21
BUZZ-PREVIEW: Travelers rises ahead of qtrly results

** Shares of Travelers TRV.N rising 0.1% on Tues ahead of qtrly results due early on Wed, with focus on catastrophe costs and premium trends

** The property and casualty insurer is expected to post Q4 rev up 2% to $10.98 bln, with adj EPS seen at $8.82 vs $9.15 a yr ago, per LSEG

** TRV stock down ~7% yr-to-date, underperforming the S&P 500's .SPX 0.5% drop in same period. TRV is >8% below its record high close on Nov 26

** Stock recently traded at ~10x fwd earnings, a discount to its five-yr avg of 12x, per LSEG data

(Reporting by Noel Randewich)

((noel.randewich@thomsonreuters.com))

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