Travelers Insurance Misses Street Expectations (TRV)

Insurer Travelers TRV reported Thursday a profit of $1.39 per share, compared with a profit of $1.25 a share in the year-ago period. Revenue rose 1.6 percent from the same quarter a year ago, to $5.69 billion. Analysts surveyed by Thomson/Reuters predicted a profit of $1.49 a share, with revenue of $5.57 billion, on average. Travelers Insurance is principally engaged in providing a range of commercial, and personal property and casualty insurance products and services to businesses, government units, associations and individuals. Travelers closed Wednesday at $49.87.