Travelers (TRV) stock falls on earnings, revenue miss

Travelers (TRV) PT Lowered to $225 at RBC Capital

RBC 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

Goldman 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

CFRA 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

Morgan 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

JPMorgan 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

Midday movers: Travelers, JB Hunt fall; United Airlines rises

(Updated - April 17, 2024 11:48 AM EDT)

Investing.com -- Main U.S. indexes declined Wednesday as the quarterly corporate earnings season continues.

Here are some of the biggest U.S. stock movers today:

United Airlines (NASDAQ: UAL) stock rose 13% after the carrier forecast stronger-than-expected earnings in the current quarter, as well as reporting a narrower-than-expected loss in the first quarter, on robust demand for travel.

Travelers (NYSE: TRV) stock fell 8% after the insurer announced a sharp... More

Travelers (TRV) Misses Q1 EPS by 18c

Travelers (NYSE: TRV) reported Q1 EPS of $4.69, $0.18 worse than the analyst estimate of $4.87. Earned premium for the quarter came in at $10.13 billion versus the consensus estimate of $10.62 billion.

For earnings history and earnings-related data on Travelers (TRV) click here.

Powell speech, ASML earnings, UK inflation - what's moving markets

Investing.com -- Fed chief Jerome Powell suggested that interest rates may need to stay higher for longer, but stock futures indicate a positive open on Wall Street. U.K. inflation falls again, while chipmaker ASML reports strong sales to China. 

The likelihood of the Federal Reserve cutting interest rates in June took a further hit, after Fed Chair Jerome Powell stated that monetary policy needs to be restrictive for longer.

"The recent data have clearly not given... More

Travelers (TRV) April 220 straddle into quarter results

Travelers (NYSE: TRV) April 220 straddle priced for a move of 4% into the expected release of quarter results before the bell on April 17.

Travelers (TRV) option IV flat into quarter results and outlook

Travelers (NYSE: TRV) April call option implied volatility is at 48, May is at 26; compared to its 52-week range of 13 to 65 into the expected release of quarter results before the bell on April 17.