Barclays initiated coverage on Travelers with a new price target
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Barclays initiated coverage of Travelers with a rating of Overweight and set a new price target of $286.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $280.00 | Buy → Neutral | Janney |
| 9/5/2024 | $286.00 | Overweight | Barclays |
| 7/15/2024 | $252.00 → $230.00 | Buy → Hold | TD Cowen |
| 6/28/2024 | Outperform → Mkt Perform | William Blair | |
| 6/28/2024 | $226.00 → $200.00 | Neutral → Sell | Citigroup |
| 1/10/2024 | $247.00 | Outperform | TD Cowen |
| 12/28/2023 | $203.00 | Hold | HSBC Securities |
| 12/20/2023 | $215.00 | Buy | Janney |
Third Quarter 2024 Net Income per Diluted Share of $5.42, up 211%, and Return on Equity of 19.2% Third Quarter 2024 Core Income per Diluted Share of $5.24, up 169%, and Core Return on Equity of 16.6% Strong third quarter net income of $1.260 billion and core income of $1.218 billion. Consolidated combined ratio improved 7.8 points from the prior year quarter to a strong 93.2%. Catastrophe losses of $939 million pre-tax, compared to $850 million pre-tax in the prior year quarter. Substantial net favorable prior year reserve development of $126 million pre-tax. Record underlying underwriting income of $1.498 billion pre-tax, reflecting an underlying combined ratio that improved 5.0
The Travelers Companies, Inc. (NYSE:TRV) will review its third quarter 2024 results at 9 a.m. ET on Thursday, Oct. 17, following the release of results earlier that morning. Investors can access the call via webcast at investor.travelers.com and by dialing 888-440-6281 within the United States or 646-960-0218 outside the United States. A slide presentation, statistical supplement and live audio broadcast will be available on the same website. Following the event, replays will be available via webcast for one year at investor.travelers.com and by telephone for 30 days by dialing 800-770-2030 within the United States or 647-362-9199 outside the United States. All callers should use conferen
Excellent Underlying Results, Net Favorable Prior Year Reserve Development and Higher Net Investment Income More Than Offset Significant Catastrophe Losses from Severe Convective Storms Second Quarter 2024 Net Income per Diluted Share of $2.29 and Return on Equity of 8.6% Second Quarter 2024 Core Income per Diluted Share of $2.51 and Core Return on Equity of 8.1% Second quarter net income of $534 million and core income of $585 million. Consolidated combined ratio improved 6.3 points from the prior year quarter to 100.2%. Catastrophe losses of $1.509 billion pre-tax, compared to $1.481 billion pre-tax in the prior year quarter. Underlying combined ratio improved 3.4 points f
Janney downgraded Travelers from Buy to Neutral and set a new price target of $280.00
Barclays initiated coverage of Travelers with a rating of Overweight and set a new price target of $286.00
TD Cowen downgraded Travelers from Buy to Hold and set a new price target of $230.00 from $252.00 previously
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Topics to feature wildfire risk reduction and trends in the labor market, geopolitics and the economy The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today announced its Wednesdays with Woodward winter webinar schedule. The webinar series, hosted by Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers, features thought leaders from both the public and private sectors discussing pressing issues for companies and consumers at the intersection of insurance, business and public policy. "For more than 130 episodes, our webinar series has fostered meaningful conversations on topics from
Ranked Gold on VIQTORY's Military Friendly® Employer list The Travelers Companies, Inc. (NYSE: TRV) today announced it has earned the Gold rank on VIQTORY's Military Friendly® Employer list, in addition to maintaining recognition on VIQTORY's Military Spouse Friendly® Employer, Military Friendly® Supplier Diversity Program and Military Friendly® Company lists. Travelers was also once again named to the Military Times Best for Vets Employer list. "We have a long-standing tradition of supporting the military community, and it's an honor to be recognized for our efforts," said Diane Kurtzman, Executive Vice President and Chief Human Resources Officer at Travelers. "We are proud to uphold a
Contributions will go to All Hands and Hearts, SBP, Team Rubicon and United Way Suncoast The Travelers Companies, Inc. (NYSE:TRV) today announced a commitment of $250,000 to assist relief efforts in states affected by Hurricanes Helene and Milton. Funds will support All Hands and Hearts, SBP, Team Rubicon and United Way Suncoast. "The towns and neighborhoods impacted by Hurricanes Helene and Milton are home to our customers, colleagues and friends," said Alan Schnitzer, Chairman and Chief Executive Officer of Travelers. "We're committed to being there for them in these difficult times." More than 500 Travelers Claim professionals have been on the ground assisting customers who have been
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4 - TRAVELERS COMPANIES, INC. (0000086312) (Issuer)
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Financials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TFC CALL TRADE BULLISH 08/16/24 $45.00 $636.3K 895 10.1K UPST CALL TRADE BULLISH 12/20
B of A Securities analyst Joshua Shanker maintains Travelers Companies (NYSE:TRV) with a Underperform and raises the price target from $202 to $223.
RBC Capital analyst Scott Heleniak reiterates Travelers Companies (NYSE:TRV) with a Sector Perform and maintains $225 price target.
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SC 13G/A - TRAVELERS COMPANIES, INC. (0000086312) (Subject)