Travelers weakness creates buying opportunity, says Argus After Travelers reported lower than expected Q2 EPS, Argus thinks the company's long-term profitability trends are positive, while its recent quarterly results have improved. The firm keeps a $110 price target and Buy rating.
Travelers reports Q3 net written premiums up 6% to $6.03B Total capital returned to shareholders of $937 million in the quarter, including $751 million in share repurchases. Year-to-date total capital returned to shareholders of $2.885 billion. Increases in book value per share of 9% to $76.42 and adjusted book value per share of 6% to $70.64 from year-end 2013.