RBC Capital Reiterates Sector Perform Rating on Travelers (TRV)

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 across all three segments and there were reserve releases in each segment. We note reserve releases in workers' comp more than offset some reserve strengthening in general liability/umbrella. This will be an area to watch in the coming quarters. Premium growth remains healthy and rate trends are holding up well. Personal Insurance was hit by large cat losses but underlying margin trends are showing signs of progress. We remain at Sector Perform on TRV shares."

For an analyst ratings summary and ratings history on Travelers click here. For more ratings news on Travelers click here.

Shares of Travelers closed at $203.48 yesterday.

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