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Travelers reports strong Q4 earnings, announces $5B buyback and $1.10 dividend.
The Travelers Companies (TRV) reported strong fourth-quarter earnings of $11.13 per share, well above expectations, on $12.43 billion in revenue, with a 20% profit increase driven by underwriting and investment income.
The company announced a $5 billion stock buyback, equivalent to 8.3% of shares, and a quarterly dividend of $1.10, annualized to $4.40.
Institutional investors, including the Teacher Retirement System of Texas, increased their stakes, while insider sales were reported.
Analysts have mixed views, with some raising targets to $320 and others lowering them due to concerns over reserves and interest rates.
The stock trades near its 52-week high with a market cap of $61.93 billion and a consensus "Hold" rating.
Travelers reporta fuertes ganancias del cuarto trimestre, anuncia una recompra de 5 mil millones y un dividendo de 1,10 dólares.