BMO Capital analyst Michael Zaremski maintains $The Travelers Companies (TRV.US)$ with a buy rating, and adjusts the target price from $240 to $270.
According to TipRanks data, the analyst has a success rate of 72.0% and a total average return of 14.9% 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 company's personal lines segment is anticipated to perform below its ten-year averages by 110 basis points in 2024 and by 40 basis points in 2025, but it does not face the risk of 'over-earning' on its combined ratio metric when compared to historical levels.
The firm observes a positive Q3, noting a robust BI underlying margin, stable GL reserves, and excellent personal lines underlying results, which contributed to the stock's ascent.
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.
