On July 24, Travelers rose 3.01% in regular trading, trading at $387.66/share, with turnover of $252 million. The stock continued its post-earnings momentum as multiple investment banks raised their price targets.

On the news front, Mizuho raised its price target to $343 from $324 while maintaining a Neutral rating. Earlier in the week, Autonomous Research significantly lifted its target to $400 from $323 with an Outperform rating, and Roth Capital raised to $425 from $345 with a Buy rating. The upgrades followed Travelers' Q2 results reported on July 17, where core EPS of $10.04 beat the consensus estimate of $5.38 by 87%, representing a 54% year-over-year increase. Revenue of $12.15 billion also topped the $11.26 billion estimate. Net income surged 46% to $2.2 billion, driven by lower catastrophe losses and improved underwriting profitability that reached a 25-year high. The sustained analyst revisions reflect confidence in the company's earnings trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)