PREVIEW: Travelers falls; results due before the bell Thurs

The Progressive

16/10/2025 10:30

Repeats with no changes ahead of report

** Shares of insurer Travelers Cos TRV.N were down 2.6% in afternoon trading Wed following declines in Progressive PGR.N, with TRV seen posting higher rev and EPS in its qtrly results before the bell Thurs

** Shares of auto insurer Progressive were down 6.5% after the co posted earnings that missed analyst expectations and recorded a $950 mln policyholder credit expense in Q3 to refund Florida auto customers due to a state profit cap. Shares of other insurers were also down, including Allstate ALL.N, off 4.6%

** TRV is expected to report an increase in Q3 rev to $11.81 bln from $11.32 bln a yr ago, and earnings of $6.29/shr vs $5.24 a yr ago, according to LSEG

** TRV has beaten analysts' earnings expectations in six of the past eight reporting periods, per LSEG

** Travelers in July trounced Wall Street estimates for Q2 profit, driven by stronger underwriting and higher investment returns

** Analyst recommendations on TRV include nine "strong buy" or "buy" ratings, 15 "hold" ratings and two "sell" ratings

** The median 12-mo PT on TRV is $298.50, up from $291 a month ago; the stock was last at $268.35

** Including the session move, TRV is up 11.4% YTD compared with a roughly 13% gain in the S&P 500 .SPX in that period

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))