Travelers price target lowered to $225 from $230 at RBC Capital

RBC Capital lowered the firm’s price target on Travelers to $225 from $230 and keeps a Sector Perform rating on the shares. The company’s Q1 results were impacted by larger-than-normal catastrophe losses, but its overall core margin improvement across the platform was solid, the analyst tells investors in a research note. Travelers’ Personal Insurance trends also show that rate progress in recent quarters is starting to visibly benefit combined ratios, RBC added.