UBS analyst Brian Meredith maintains $The Travelers Companies (TRV.US)$ with a hold rating, and adjusts the target price from $230 to $238.
According to TipRanks data, the analyst has a success rate of 80.3% and a total average return of 14.5% 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:
Despite Q3 being marked by numerous global catastrophe events, it is anticipated that the resulting catastrophe losses for property and casualty insurers will be 'manageable.' There is an expectation of 'placeholder' losses being factored into Q4 models due to Hurricane Milton, though uncertainties persist as the storm has only recently made landfall. Changes in the group's outlook reflect occurrences during the quarter and adjustments in P/E multiples.
Q3 outcomes, especially for reinsurers, could be overshadowed by recent events such as Hurricane Milton. The analyst's perspective is more optimistic regarding the Personal sector due to improving margins and an increase in policies-in-force. For Q3, catastrophe losses are anticipated to be below the five-year seasonal average, yet still considerably higher than those in the same quarter of the previous year, which may pose potential challenges for primary insurers.
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