Evercore analyst David Motemaden maintains $The Travelers Companies (TRV.US)$ with a buy rating, and adjusts the target price from $236 to $277.
According to TipRanks data, the analyst has a success rate of 75.0% and a total average return of 13.3% 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:
Travelers's Q3 earnings per share surpassed forecasts, primarily due to enhanced homeowners' margins and a more favorable development of prior-year loss reserves than anticipated. Expectations for Q4 earnings per share are now higher, influenced by the robust equity market in Q3, contributing to an increased projection for alternative income. However, the adjustments to the 2025 and 2026 earnings per share estimates are considered insubstantial, with the perception of limited growth potential relative to the revised valuation expectations.
The company's third-quarter earnings surpassed expectations, marked by substantial underlying combined ratio enhancement across multiple units. Travelers's Business Insurance demonstrated robust third-quarter performance, even considering an asbestos reserve increase, and despite heightened catastrophe losses due to Hurricane Helene's impact, losses from Milton were slight, reflecting the company's comparatively reduced property exposure in Florida.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
