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Travelers Companies (TRV) Set A New High After Strong Q4 Report

Travelers Companies (TRV: Quote) reported fourth quarter operating income of $0.72 per share Tuesday morning, down from $1.48 per share a year ago. The consensus estimate was for EPS of $0.14. Total revenues grew 2 percent to $6.48 billion from $6.37 billion in the same quarter last year. The consensus estimate was for revenues of $5.34 billion.

Travelers gapped open sharply higher Tuesday, but retreated during the first hour of trade, before settling into a range. The stock closed up by 1.64 at $77.95 on above average volume. Travelers has been gaining ground for the last 3 weeks and set a new high for the year.

by RTT Staff Writer

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