S&P Capital IQ Reiterates its STRONG BUY Rating on Travelers Companies

October 20 00:00 2011

New York, October 20 (RainbowNewsLine.com) – Analyst Cathy Seifert of S&P Capital IQ reiterates his STRONG BUY rating on the shares of the Travelers Companies (NYSE:TRV), while reducing his estimates for the company.  The target price is set to $72.

Analyst Cathy Seifert, in a research note published yesterday mentions that the company reported its Q3 EPS short of the estimates due to unfavorable weather related claim trends. Travelers Companies is poised to gain revenue growth with improvement in quality, as the net written premiums and business insurance written premiums improved during Q3, the analyst says. The EPS estimate for 2011 has been reduced from $2.95 to $3.14.