In a recent analysis, Keefe Bruyette's Meyer Shields has revised the price target for Travelers (TRV, Financial) upward from $274 to $290, while maintaining an Outperform rating. This adjustment comes in the wake of the company’s first-quarter financial report. Shields highlights that the current market valuation of Travelers does not fully reflect the robust earnings potential that lies ahead.
The analyst underscores two primary factors contributing to a positive earnings outlook for Travelers: ongoing reserve releases and the expansion of core underwriting margins. These elements signal a strengthened financial position that may not yet be fully appreciated by the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for The Travelers Companies Inc (TRV, Financial) is $278.07 with a high estimate of $310.00 and a low estimate of $215.21. The average target implies an upside of 10.13% from the current price of $252.48. More detailed estimate data can be found on the The Travelers Companies Inc (TRV) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, The Travelers Companies Inc's (TRV, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for The Travelers Companies Inc (TRV, Financial) in one year is $242.89, suggesting a downside of 3.8% from the current price of $252.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the The Travelers Companies Inc (TRV) Summary page.
