Travelers (TRV) July option implied volatility elevated into quarter results
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Travelers (TRV) PT Lowered to $196 at Goldman Sachs
July 22, 2024 6:47 AM EDTGoldman 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 EDTRBC 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
CFRA Downgrades Travelers (TRV) to Hold
July 19, 2024 1:49 PM EDTCFRA analyst Cathy Seifert downgraded Travelers (NYSE: TRV) from Buy to Hold with a price target of $225.00 (from $235.00).
The analyst comments "We cut our 12-month target price by $10 to $225, valuing TRV shares at 9.9x our newly initiated '26 operating EPS estimate of $22.80... More
Travelers (TRV) PT Raised to $236 at Evercore ISI
July 19, 2024 1:48 PM EDTEvercore ISI analyst David Motemaden raised the price target on Travelers (NYSE: TRV) to $236.00 (from $233.00) while maintaining a Outperform rating.
The analyst comments "Bottom Line: A few one-offs driving the beats in BI (to just an in line ULR) and Personal... More
Travelers (TRV) PT Lowered to $210 at Morgan Stanley, 'we are less positive about the future share price performance'
July 19, 2024 12:08 PM EDTMorgan Stanley analyst Bob Huang lowered the price target on Travelers (NYSE: TRV) to $210.00 (from $220.00) while maintaining a Equalweight rating.
The analyst comments "Operating EPS of $2.51 easily beat consensus of $2.17 driven by solid underlying loss ratio from all segments. That said, the linger... More
Citi on Travelers (TRV): 'We expect a negative reaction'
July 19, 2024 9:18 AM EDTCiti 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 EDTGoldman 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 EDTBMO 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
