Travelers Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Earnings Report - Travelers Companies, Inc. is set to release its second-quarter earnings results on July 17, with analysts expecting earnings of $3.37 per share, an increase from $2.51 per share in the same period last year [1] - The projected quarterly revenue is $11.02 billion, compared to $10.24 billion a year earlier [1] Business Transactions - On May 27, Travelers agreed to sell its Canadian Personal Insurance business and the majority of its Canadian Commercial Insurance business to Definity for $2.4 billion [2] - Following this announcement, Travelers shares fell by 1.9%, closing at $250.62 [2] Analyst Ratings - Wells Fargo analyst Elyse Greenspan maintained an Equal-Weight rating and raised the price target from $260 to $264 [7] - Barclays analyst Alex Scott downgraded the stock from Overweight to Equal-Weight, cutting the price target from $280 to $274 [7] - Keefe, Bruyette & Woods analyst Meyer Shields maintained an Outperform rating and increased the price target from $290 to $303 [7] - Evercore ISI Group analyst David Motemaden maintained an Outperform rating and boosted the price target from $288 to $296 [7] - Jefferies analyst Yaron Kinar maintained a Hold rating and increased the price target from $265 to $270 [7]