Raymond James analyst C. Gregory Peters raised the firm’s price target on Travelers to $220 from $200 and keeps a Strong Buy rating on the shares. Pricing continues to have a positive bias, suggesting Travelers could report net written premiums growth of over 7%, with margin expansion up to 30 bp or more in 2023, which should position the company to report ROEs at the upper end of management’s target range of 13%-15%, the analyst tells investors in a research note.
Published first on TheFly
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