Travelers Companies (NYSE:TRV) Hits New 1-Year High After Analyst Upgrade

Travelers Companies (NYSE:TRV) hit a new 52-week high after an analyst upgrade from Keefe, Bruyette & Woods, raising its price target to $340. The company reported strong Q4 earnings, surpassing estimates, and announced a $5 billion share buyback program along with a $1.10 quarterly dividend. Despite recent insider selling, institutional investors have increased their positions in the insurance provider.

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