October 22, 2013 / 11:20 AM / 4 years ago

Insurer Travelers to buy back up to $5 bln in shares

Oct 22 (Reuters) - U.S. insurer Travelers Cos Inc said it would buy back an additional $5 billion of its shares under a new program.

The company said the buy back was in addition to the $759 million that remained from previous repurchase plans as of Sept. 30.

Travelers reported flat third-quarter net income of $864 million. On a per share basis, earnings increased to $2.30 per share from $2.21 per share a year earlier.

Travelers, a Dow Jones industrial average component, reported operating earnings of $2.35 per share.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below