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Positive Outlook on Travelers Companies with Strategic Improvements and Stable Financials Justifying Buy Rating

Positive Outlook on Travelers Companies with Strategic Improvements and Stable Financials Justifying Buy Rating

BMO Capital analyst Michael Zaremski maintained a Buy rating on Travelers Companies yesterday and set a price target of $297.00.

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Michael Zaremski has given his Buy rating due to a combination of factors including the expectation of improved results in Travelers Companies’ personal lines segment. This improvement is anticipated as a result of strategic rate and corrective actions, alongside a strengthened reserving cushion within its portfolio.
Additionally, Zaremski does not foresee Travelers Companies being at risk of over-earning on its combined ratio KPI when compared to historical levels, which suggests a stable financial outlook. These elements collectively support a positive view on the stock, justifying the Buy rating.

In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $299.00 price target.

TRV’s price has also changed slightly for the past six months – from $239.980 to $250.620, which is a 4.43% increase.

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