PREVIEW: Travelers seen posting 36% EPS growth

Weds Co

18/10/2023 10:00

(Repeats Buzz published on Tuesday with no changes)
** Travelers Cos  TRV.N  shares up 0.7% in afternoon trading
Tues ahead of the insurance company's Q3 results due before the
bell on Weds
    ** Co expected to report adj EPS of $2.99, vs $2.20 a yr
ago, on increase in rev to $10.3 bln from $9.2 bln in Q3 2022,
according to LSEG data
    ** It has met or beaten analysts' earnings expectations in
six of the past eight reporting periods
    ** Analyst recommendations on the stock include 7 "strong
buy" or "buy" ratings, 13 "hold" ratings and 3 "sell"
recommendations - LSEG
    ** The median 12-mth price target is $185.50; stock was last
trading at ​$168.79
    ** TRV options imply a 3.3% swing for the shares, in either
direction, by Fri; that is in line with stock's average reaction
over the last eight quarters, according to Trade Alert
    ** Including session moves, TRV down 10% YTD while the S&P
500 Insurance index  .SPXIN  up nearly 6% and Dow Jones
Industrial average  .DJI  up about 2% in 2023

 (Reporting by Caroline Valetkevitch; additional reporting by
Saqib Iqbal Ahmed)
 ((caroline.valetkevitch@thomsonreuters.com))