Travelers will report its second-quarter earnings this Friday before market hours. The property and casualty insurer missed revenue expectations last quarter with $11.88 billion, flat year on year, and also fell short on net premiums earned and book value per share estimates. Analysts expect revenue to be flat again this quarter, a slowdown from the 6.7% growth in the same period last year, and have largely maintained their estimates over the past 30 days. Among insurance peers, only Progressive has reported so far, meeting revenue estimates with 7.3% year-on-year sales growth. Travelers shares have risen 7% over the last month, heading into earnings with an average analyst price target of $327.13 against a current price of $329.
The Travelers Companies IncEarnings report upcoming; last quarter missed revenue expectations and this quarter expected flat revenue, but shares have risen 7% in the past month.
Progressive Corp