Travelers (TRV) Downgraded by Barclays on Slowing Growth and Margin Concerns

On June 12, Barclays expert Alex Scott downgraded The Travelers Companies, Inc. (NYSE:TRV) to Underweight from Equal Weight. He besides lowered the terms people to $295 from $331. The expert said that net upside successful the spot and casualty security assemblage is "becoming harder to find" arsenic pricing softens, maturation slows, and borderline unit increases. In a probe note, Scott said Travelers' net are apt to flatten and that downside risks are growing. Barclays believes the company's slower complaint and vulnerability growth, on with unit connected idiosyncratic security margins, volition pb to a gradual diminution successful underwriting margins.

Earlier, connected May 26, Piper Sandler raised its terms proposal connected Travelers to $340 from $329. It reiterated an Overweight standing connected the shares. The steadfast cited caller banal show and the transition of clip arsenic reasons for the people increase. Piper noted that it raised terms targets for astir security carriers portion lowering targets for immoderate security brokers. Following first-quarter results, the steadfast said it favors security carriers implicit brokers. According to Piper, underwriting show provided much enactment than expected for carriers, portion brokers delivered weaker integrated maturation results.

The Travelers Companies, Inc. (NYSE:TRV) provides spot and casualty security products for automobiles, homes, and businesses. Its operating segments see Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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