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-1.76298437995679E-05 -0.000969641408977237 -0.000246817813194151 -0.00162194562956165 -0.00200980219315254 0.0018684108458799 0.000810972814780925 0.00391382532350768
Stock impact report

Argus Raises Travelers (TRV) Target After Strong Q4 Earnings Beat [Yahoo! Finance]

The Travelers Companies, Inc. (TRV) 
Last the travelers companies, inc. earnings: 4/21 06:57 am Check Earnings Report
US:NYSE Investor Relations: investor.travelers.com
Company Research Source: Yahoo! Finance
On January 26, Argus analyst Kevin Heal lifted his price target on The Travelers Companies, Inc. (NYSE:TRV) to $295 from $287 and reiterated a Buy rating after the company delivered a strong fourth-quarter earnings beat. Heal said results came in well ahead of expectations, helped by lower catastrophe losses and a meaningful boost from net investment income. Argus also sees room for margins to improve as Travelers continues raising prices on auto and homeowners policies while keeping customer retention steady. According to Reuters, Travelers easily exceeded Wall Street's fourth-quarter profit estimates on January 21, driven by solid underwriting performance and stronger investment returns. Insurance spending has remained resilient even as businesses and consumers pull back in other areas, as demand for coverage against financial risk, natural disasters, and unexpected losses continues to hold up. Net written premiums in the quarter edged up 1% to $10.86 billion. Catastrophe losse Show less Read more
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