Travelers price target raised to $210 from $185 at RBC Capital

RBC Capital raised the firm’s price target on Travelers to $210 from $185 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company closed out the year on a high note with notable underlying combined ratio improvement in Personal Insurance seen as the highlight of the quarter, the analyst tells investors in a research note. Rate increases remained healthy across the business in Q4 while premium growth was broad-based again across Travelers, the firm added.