NEW YORK (AP) _ The Travelers Cos. (TRV) on Tuesday reported third-quarter profit of $827 million.
On a per-share basis, the New York-based company said it had profit of $3.23. Earnings, adjusted for investment gains, came to $3.12 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.91 per share.
The insurer posted revenue of $8.28 billion in the period. Its adjusted revenue was $8.24 billion, which also topped Street forecasts. Three analysts surveyed by Zacks expected $8.04 billion.
Travelers shares have decreased 18% since the beginning of the year, while the Standard & Poor's 500 index has risen 6%. The stock has fallen 20% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRV at https://www.zacks.com/ap/TRV
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