Travelers Companies' Scale And Analytical Advantages Make It Attractive, Analyst Says
1. Analyst upgraded TRV from Market Perform to Outperform. 2. Price forecast raised from $275 to $286, indicating positive outlook. 3. GAAP reserves were overestimated by approximately $1.388 billion for 2024. 4. Strong reserve releases in workers' compensation and personal lines noted. 5. Concerns about earnings volatility and declining reserve releases in short term.