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Fly News Breaks for April 24, 2017
TRV
Apr 24, 2017 | 07:21 EDT
Argus analyst Jacob Kilstein upgraded Travelers to Buy with a $132 price target telling investors he expects underwriting margins to expand further following three straight quarters of expansion as the cmpany raies prices on auto insurance and expands its data analytics and digital initiatives. Kilstein also expects Travelers to generate higher return on capital, noting its recent 7% dividend hike and additional $5B buyback, and views valuation as attractive following the pullback.