Travelers (TRV) call put ratio 2.2 calls to 1 put into quarter results

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Travelers (TRV) PT Lowered to $196 at Goldman Sachs

July 22, 2024 6:47 AM EDT

Goldman Sachs analyst Alex Scott lowered the price target on Travelers (NYSE: TRV) to $196.00 (from $202.00) while maintaining a Sell rating.

The analyst comments "Shares were -8% Friday following the release of 2Q24 earnings, as Business Insurance liability reserve additions accelerated versus 1Q24 ($250mn of adverse PYD in general liability lines from accident... More

RBC Capital Reiterates Sector Perform Rating on Travelers (TRV)

July 22, 2024 6:30 AM EDT

RBC Capital analyst Mark Dwelle reiterated a Sector Perform rating and $225.00 price target on Travelers (NYSE: TRV).

The analyst comments "Travelers Q2 results were weighed down by large catastrophe losses as evidenced by $1.5 billion in cat losses for Q2. Underlying margins improved... More

Citi on Travelers (TRV): 'We expect a negative reaction'

July 19, 2024 9:18 AM EDT

Citi analyst Michael Ward reiterated a Sell rating and $200.00 price target on Travelers (NYSE: TRV).

The analyst comments "We expect a negative reaction from TRV today, primarily due to continued (unquantified) reserve deficiencies in general liability (GL) lines (more than offset by workers... More

Goldman Sachs Reiterates Sell Rating on Travelers (TRV)

July 19, 2024 9:18 AM EDT

Goldman Sachs analyst Alex Scott reiterated a Sell rating and $202.00 price target on Travelers (NYSE: TRV).

The analyst comments "TRV reported core income per diluted share of $2.51, beating Visible Alpha Consensus data of $2.08 and our $1.32 estimate. The beat was fairly broad-based, with underlying loss ratio beats across all segments... More

BMO Capital Out Positive on Travelers (TRV), 'Solid TRV EPS'

July 19, 2024 9:16 AM EDT

BMO Capital analyst Michael Zaremski reiterated an Outperform rating and $240.00 price target on Travelers (NYSE: TRV).

The analyst comments "Business Insurance & Personal Lines Pricing: Business Insurance (Main Commercial segment) rate decelerated 40 bps Q/Q (6.5% vs. 6.9%). BI renewal price change (RPC) decelerated 60 bps Q/Q (10.1% vs. 10.7%). In personal auto, personal lines RPC decelerated 90 bps Q/Q (15.8% vs. 16.7%) while homeowners' RPC accelerated 190 bps Q/Q (15.1% vs. 13.2%). Business... More