Travelers (TRV) Misses Q1 EPS by 18c
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Travelers (TRV) PT Lowered to $225 at RBC Capital
April 18, 2024 6:21 AM EDTRBC Capital analyst Mark Dwelle lowered the price target on Travelers (NYSE: TRV) to $225.00 (from $230.00) while maintaining a Sector Perform rating.
The analyst comments "Although Q1 results were impacted by larger-than-normal catastrophe losses, we viewed the overall y/y core margin improvement across... More
Travelers (TRV) PT Lowered to $202 at Goldman Sachs
April 17, 2024 3:48 PM EDTGoldman Sachs analyst Alex Scott lowered the price target on Travelers (NYSE: TRV) to $202.00 (from $212.00) while maintaining a Sell rating.
The analyst comments "In our view, TRV's share price reaction today (-8% currently) reflects investor focus on additions to liability reserves for recent accident years in Business Insurance plus... More
Travelers (TRV) PT Lowered to $235 at CFRA
April 17, 2024 12:41 PM EDTCFRA analyst Cathy Seifert lowered the price target on Travelers (NYSE: TRV) to $235.00 (from $240.00) while maintaining a Buy rating.
The analyst comments "We trim our 12-month target price by $5 to $235, valuing the shares at 11.3x our 2025 operating EPS estimate of $20.75 (raised by $0.80) and at... More
Travelers (TRV) PT Lowered to $214 at Morgan Stanley
April 17, 2024 12:28 PM EDTMorgan Stanley analyst Bob Huang lowered the price target on Travelers (NYSE: TRV) to $214.00 (from $230.00) while maintaining a Equalweight rating.
The analyst comments "Elevated loss ratio in Business Insurance and elevated expenses in Bond & Specialty insurance drove the earnings miss. Slower than... More
Travelers (TRV) PT Raised to $220 at JPMorgan
April 17, 2024 9:57 AM EDTJPMorgan analyst Jimmy Bhullar raised the price target on Travelers (NYSE: TRV) to $220.00 (from $213.00) while maintaining a Underweight rating.
The analyst comments "TRVs reported relatively healthy business trends in 1Q24, but earnings missed consensus projections (beat our forecast). Elevated cat losses offset... More
Travelers (TRV) stock falls on earnings, revenue miss
April 17, 2024 9:29 AM EDTShares of Travelers (NYSE: TRV) fell 7% following the announcement of their first-quarter results, which missed analyst estimates for both earnings per share (EPS) and revenue. The insurance giant reported an adjusted EPS of $4.69, which was $0.18 shy of the consensus estimate of $4.87. Earned premiums for the quarter were reported at $10.13 billion, falling below the expected $10.62 billion.
Despite the shortfall relative to analyst expectations, Travelers did see a year-over-year (YoY) increase in its financials.... More
