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Travelers(TRV - Get Report) was recently
upgraded to buy from hold at Argus Research, with a $65 price target, based on a strong balance sheet and good earnings momentum.
As of the most-recent reporting period, Travelers comprises 2.8% of
David Einhorn's Greenlight Capital portfolio.
Stock Overview: Travelers is a holding company that through its subsidiaries is engaged in providing commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It has traded in a 52-week range of $47.69 to $57.78 and was recently at $56.45. It has a market cap of $25.6 billion and a 4.3 short interest ratio, it yields 2.6%, and it trades at a P/E of 8.4.
Analyst Ratings: Of 20 analysts covering the stock, nine rate it a buy, nine rate it a hold, and two rate it a sell. TheStreet Ratings has a B+ buy rating on Travelers.
Earnings Estimates: Travelers
earned $1.95 a share in its fourth quarter, or $894 million, down from the previous year's $2.36 a share, or $1.29 billion, on revenue of $6.3 billion.
More on Travelers: Travelers recently showed up on a list of the
10 cheapest Dow dividend stocks for 2011.
-- Written by Rebecca Corvino in New York.