logo
Plus   Neg
Share
Email

Stock Alert: Travelers Hits New 52-week High As Q4 Profit Beats View

Shares of Travelers Companies Inc. (TRV), a provider of insurance products and services, are rising almost 4 percent or $5.37 in Thursday's morning trade at $150.39, after touching a new 52-week high of $152.29.

Thursday, Travelers reported fourth-quarter net income of $1.31 billion or $5.10 per share, up from $873 million or $3.35 per share in the previous-year quarter. Core income was $4.91 per share, compared to $3.32 per share in the prior year quarter. Total revenues grew 4 percent to $8.40 billion from $8.06 billion last year. Net written premiums increased 3 percent to $7.27 billion from $7.08 billion last year.

Analysts polled by Thomson Reuters had a consensus estimate for earnings of $3.18 per share on revenues of $7.27 billion.

Travelers has traded in a range of $76.99 to $152.29 in the past 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Get Access to Premium Stock Alerts with RTT Biotech Investor.
Editors Pick
The U.S. Food and Drug Administration is hastening its efforts to make available more at-home testing options in response to the ongoing COVID-19 pandemic. All At-Home Covid-19 Tests being used now are authorized only for emergency use, and not cleared or fully approved by the FDA. The recent granting of EUA for the Quidel Corp.'s QuickVue At-Home COVID-19 Test is one example. Dollar Tree Inc. (DLTR) Wednesday reported a profit for the fourth-quarter that climbed 309 percent from last year, while Wendy's Co. (WEN) posted a profit that grew about 46.0 percent from the prior year. Dollar Tree has increased its share repurchase authorization by $2.0 billion. Wendy's expects profit for fiscal year 2021 to be below analysts' expectations. Medical devices company Boston Scientific Corp. (BSX) agreed Wednesday to acquire the global surgical business of Israel-based Lumenis LTD from an affiliate of Baring Private Equity Asia (BPEA) for an upfront cash payment of $1.07 billion, subject to closing adjustments. Lumenis is a privately-held...
Follow RTT