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Goldman Sachs is Bullish on Travelers (TRV)

By Dividend.com Staff
November 6th, 2009

goldman-sachs-is-bullish-on-travelers-trv

Investment banking firm Goldman Sachs is upgrading shares of Travelers (TRV) this morning from a neutral to a buy rating.

The firm believes Travelers is one of those insurers with strong balance sheets and large capital management programs that will outperform over the next year.

Shares of TRV are up .30% in pre-market trading Friday morning.

The Bottom Line
We have been recommending shares of TRV since Oct.22, when the stock was trading at $48.02. The company has a 2.61% dividend yield, based on last night’s closing stock price of $50.64.

Travelers (TRV) is a recommended stock at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.