Travelers Shares Jump After It Trounces Q3 Estimates
Travelers (TRV), the nation's largest property and casualty insurer, crushed third-quarter profits estimates, sending shares to an all-time high. The strong result lifted the insurance group, which joined homebuilders among the top-performing groups for the day. Travelers' Q3 earnings per share shot up 181% to $2.22, well ahead of Wall Street's outlook of $1.61 Revenue also grew but at a more muted rate, rising less than 1% to $5.697 billion,
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