Travelers beats Street 3Q forecasts

The Travelers Cos. on Tuesday reported third-quarter earnings of $919 million.

On a per-share basis, the New York-based company said it had profit of $2.69. Earnings, adjusted for investment gains, came to $2.61 per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.

The insurer posted revenue of $6.7 billion in the period, also exceeding Street forecasts. Analysts expected $6.55 billion, according to Zacks.

Travelers shares have risen nearly 3 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 3 percent. The stock has increased almost 8 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. TRV stock research report from Zacks: http://www.zacks.com/ap/TRV