Video - Analyst Insight: Morgan Stanley Said Travelers Cos To Increase Buybacks Implies Acceleration


Videos Kaipan 15 Analyst Insight: Morgan Stanley Said Travelers Cos To Increase Buybacks Implies Acceleration



Analyst Insight: Morgan Stanley Said Travelers Cos To Increase Buybacks Implies Acceleration

"Morgan Stanley analysts said that Travelers Cos.' (NYSE:TRV) announcement that it was increasing 2010 buybacks to $4.5 billion-$5 billion from previous guidance of $4 billion implies an acceleration in buybacks from now through year-end as earnings trends remain strong and hurricane losses have been less than expected. Analysts Gregory Locroft, Scott Thomas and Kai Pan said, ""Our numbers remain unchanged but we expect consensus EPS to rise towards our numbers."" SmarTrend currently has Travelers in a Downtrend and is currently monitoring these developments and will alert subscribers to any change of trend."

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