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