Jefferies Reiterates Hold Rating on Travelers (TRV): 'we could see shares trade down today'

Jefferies analyst Andrew Andersen reiterated a Hold rating and $321.00 price target on Travelers (NYSE: TRV)

The analyst commented, "1Q26 Op EPS of $7.71 missed JEF $7.79 but beat Cons $7.07. BI NPW growth was light as expected and pricing decelerated, but we do not expect light BI growth to be overly penalized, as AYLR strength was solid, PYD was strong, and ER miss likely reflected tech investments. Personal results reflected noise in top-line and pricing also decelerated, though CRs were favorable. With TRV one of the strongest performers YTD in P&C, we could see shares trade down today."

For an analyst ratings summary and ratings history on Travelers click here. For more ratings news on Travelers click here.

Shares of Travelers closed at $299.33 yesterday.

You May Also Be Interested In

• Tesla Crash Into Texas Home Now Under Federal Safety Probe - WSJ
• Avis Budget Group reaches $650M settlement with Pentwater Capital
• Qualcomm (QCOM) Is Said To Near Deal For Ai Chip Startup Modular - Bloomberg