We are upgrading The Travelers Companies Inc (NYSE:TRV) to Neutral from Underperform on the back of strong first-quarter results.
Operating earnings surpassed the Zacks Consensus Estimate as well as the year-ago numbers largely on lower share count due to share repurchases. Top line benefited on the heels of increase in premiums earned (attributable to pricing gains), though lower net investment income was a partial offset as low reinvestment rates in the fixed income portfolio weighed on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards