Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com - Cantor Fitzgerald has reiterated an Overweight rating on Travelers Companies Inc (NYSE:TRV) with a price target of $308.00.
The firm’s analysis comes as the insurance market continues to transition, with Cantor Fitzgerald expressing preference for small and medium-sized enterprise (SME) and middle market carriers like Travelers.
Cantor Fitzgerald noted that companies such as Travelers tend to "face fewer growth and pricing headwinds in soft markets" compared to other insurers.
The firm does not anticipate margin problems for insurance carriers this quarter but observed that "pressure is starting to build in the property earned premium for the larger account underwriters."
Cantor Fitzgerald maintains a similarly positive Overweight rating on Hartford Financial Services Group (NYSE:HIG), indicating its continued confidence in the middle market insurance segment.
In other recent news, Hartford Financial Services Group reported a strong performance in the second quarter of 2025, surpassing earnings per share (EPS) expectations. The company achieved an EPS of $3.41, exceeding the anticipated $2.84 by 20.07%, although revenue slightly missed projections, coming in at $6.99 billion against a forecast of $7.04 billion. Despite this revenue miss, the market responded positively to the company’s overall financial health. Keefe, Bruyette & Woods raised its price target for Hartford Financial Services from $135 to $137, maintaining an Outperform rating due to the company’s better-than-expected earnings performance. Additionally, The Hartford announced the nationwide availability of its CyberChoice First Response cyber insurance product for small businesses through its ICON platform. This new offering is integrated with The Hartford’s Spectrum Business Owners Policy, providing a streamlined digital process for agents and brokers to quote and bind tailored cyber coverage. These developments reflect Hartford’s strategic initiatives and continued efforts to enhance its product offerings.
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