Jefferies analyst Yaron Kinar maintains $The Travelers Companies (TRV.US)$ with a hold rating, and adjusts the target price from $211 to $235.
According to TipRanks data, the analyst has a success rate of 66.5% and a total average return of 9.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Travelers Companies (TRV.US)$'s main analysts recently are as follows:
The third quarter was marked by significant global catastrophe events, yet it is anticipated that the impact of catastrophe losses for the property and casualty insurance sector will be manageable. In anticipation of the fourth quarter, models have been adjusted to include estimated losses from Hurricane Milton, with the understanding that there is still uncertainty following the recent landfall of the storm. The adjustments made within the sector reflect occurrences during the quarter as well as changes in P/E multiples.
The recent Q3 results for reinsurers may be impacted by Hurricane Milton, according to an analyst, who notes a positive outlook on the Personal segment due to enhancing margins and an increase in policies-in-force. The expectation for Q3 is that catastrophe losses will be less than the five-year seasonal average but remain significantly above those of the third quarter of the preceding year, which might pose risks for primary insurers.
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