The Travelers Companies Reports $894 Million Profit (TRV)

The Travelers Companies, Inc. TRV released financial results on Tuesday morning. The Travelers Companies, Inc announced that its 4th quarter net income fell to $894 million, or $1.95 per share, down from $1.29 billion, or $2.36, a year earlier. The Travelers Companies, Inc reported revenue of $5.23 billion, up 1% from $5.19 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of $1.68 per share, on revenue of $5.29 billion. Chairman and Chief Executive Officer Jay Fishman said, “Our strong full year results, which we achieved notwithstanding recording more than twice the level of last year's catastrophe losses, demonstrate Travelers' superior risk selection skills and sophisticated pricing analytics. That same approach to risk and reward has also driven the consistently strong performance and lower volatility of our high credit quality investment portfolio." The Travelers Companies, Inc. (TRV) finished the previous trading day at $55.62 per share. The consensus price target of analysts covering the company's stock is $61.10 per share. Read more from Benzinga's Company news.