Roth MKM analyst Harry Fong maintains $The Travelers Companies (TRV.US)$ with a buy rating, and adjusts the target price from $240 to $300.
According to TipRanks data, the analyst has a success rate of 75.7% and a total average return of 16.7% 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 firm observes that Travelers had a commendable third quarter, highlighted by a robust BI underlying margin, stable GL reserves, and impressive personal lines underlying results, which contributed to the stock's ascent.
The company's third-quarter earnings surpassed expectations, underscored by a significant improvement in the underlying combined ratio across various units. The Business Insurance segment reported robust results for the third quarter, despite incorporating an asbestos reserve addition. Although catastrophe losses were higher owing to Hurricane Helene, the limited impact from Milton losses demonstrates the company's comparatively lower property exposure in Florida.
Note:
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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.
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