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Travelers Companies Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
TRVTravelers(TRV) Benzinga·2024-07-19 07:08

Financial Performance - Travelers Companies, Inc. is expected to report second quarter earnings of 1.98pershare,asignificantincreasefrom1.98 per share, a significant increase from 0.06 per share in the same period last year [1] - The anticipated revenue for the quarter is 11.34billion,comparedto11.34 billion, compared to 10.32 billion a year earlier [1] - In the first quarter, core income per share was 4.69,upfrom4.69, up from 4.11 year-over-year, but missed the consensus forecast of 4.90[1]AnalystRatings−TDCowenanalystdowngradedthestockfromBuytoHoldandreducedthepricetargetfrom4.90 [1] Analyst Ratings - TD Cowen analyst downgraded the stock from Buy to Hold and reduced the price target from 252 to 230[2]−BofASecuritiesmaintainedanUnderperformratingandcutthepricetargetfrom230 [2] - B of A Securities maintained an Underperform rating and cut the price target from 214 to 202[2]−JPMorganmaintainedanUnderweightratingbutincreasedthepricetargetfrom202 [2] - JP Morgan maintained an Underweight rating but increased the price target from 220 to 242[2]−CitigroupdowngradedthestockfromNeutraltoSellandslashedthepricetargetfrom242 [2] - Citigroup downgraded the stock from Neutral to Sell and slashed the price target from 226 to 200[2]−WilliamBlairdowngradedthestockfromOutperformtoMarketPerform[2]StockPerformance−Travelerssharesfell0.1200 [2] - William Blair downgraded the stock from Outperform to Market Perform [2] Stock Performance - Travelers shares fell 0.1% to close at 220.60 on Thursday [1]