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Fly News Breaks for January 10, 2017
TRV
Jan 10, 2017 | 08:18 EDT
Goldman analyst Michael Nannizzi downgraded Travelers to Sell and lowered its price target to $107 from $116. The analyst said shares are up 10% since the election and sees fewer catalysts ahead given its large muni portfolio and lack of rate action to date.
News For TRV From the Last 2 Days
TRV
Apr 18, 2024 | 08:53 EDT
RBC Capital lowered the firm's price target on Travelers to $225 from $230 and keeps a Sector Perform rating on the shares. The company's Q1 results were impacted by larger-than-normal catastrophe losses, but its overall core margin improvement across the platform was solid, the analyst tells investors in a research note. Travelers' Personal Insurance trends also show that rate progress in recent quarters is starting to visibly benefit combined ratios, RBC added.