Fed Circuit erases govt's win in Hurricane Harvey flooding case [Reuters]
The Travelers Companies, Inc. (TRV)
Last the travelers companies, inc. earnings: 4/21 06:57 am
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Source: Reuters
‘Upstream' owners, on separate docket, won their taking claims and are litigating over damages (Reuters) - A federal appeals court on Thursday revived hundreds of lawsuits by Houston-area property owners who say the U.S. Army Corps of Engineers flooded their homes and businesses with as much as eight feet of water after Hurricane Harvey stalled over Texas in 2017. The U.S. Court of Appeals for the Federal Circuit said that owners of property downstream from the Addicks-Barker dams can pursue their claims that the government has a constitutional obligation to compensate them for temporarily “taking” their property by releasing massive amounts of water from the reservoirs for more than a week. The decision reverses a 2020 ruling by a lower-court judge, who dismissed the cases after finding that “neither Texas law nor federal law creates a protected property interest in perfect flood control.” Texas courts have long recognized a property interest in “flowage easements” – that is
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TRV
News
- The Travelers Companies, Inc. (NYSE: TRV) had its price target lowered by analysts at Royal Bank of Canada from $230.00 to $225.00. They now have a "sector perform" rating on the stock.MarketBeat
- The Travelers Companies, Inc. (NYSE: TRV) had its price target lowered by analysts at Evercore ISI from $253.00 to $250.00. They now have an "outperform" rating on the stock.MarketBeat
- Marsh & McLennan's first-quarter profit beats on higher fiduciary interest income [Reuters]Reuters
- The Travelers Companies, Inc. (NYSE: TRV) had its price target lowered by analysts at Keefe, Bruyette & Woods from $241.00 to $231.00. They now have a "market perform" rating on the stock.MarketBeat
- The Travelers Companies, Inc. (NYSE: TRV) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $240.00 price target on the stock.MarketBeat
TRV
Earnings
- 4/17/24 - Miss
TRV
Sec Filings
- 4/17/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/15/24 - Form PX14A6G
- TRV's page on the SEC website