Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com - Keefe, Bruyette & Woods raised its price target on Travelers (NYSE:TRV) to $305.00 from $304.00 on Monday, while maintaining an Outperform rating on the insurance company’s shares.
The price target increase follows Travelers’ third-quarter 2025 earnings report and conference call. KBW cited the company’s quarterly outperformance relative to its estimates as a key factor in the decision.
The research firm raised its earnings per share estimates for Travelers to $25.20 for 2025, $26.55 for 2026, and $27.55 for 2027. These adjustments reflect expectations for lower core and catastrophe loss ratios and larger reserve releases.
KBW noted these positive factors would be partially offset by lower net written premiums and net earned premiums, along with higher expense ratios for the insurance provider.
The firm believes Travelers’ current market valuation fails to fully recognize its competitive advantages, including "above-average scale, significantly advanced analytical capabilities, and solidly redundant reserves."
In other recent news, Travelers Companies reported impressive earnings for Q3 2025, with earnings per share (EPS) reaching $8.14, significantly surpassing the forecast of $6.15. Revenue also exceeded expectations, totaling $12.47 billion compared to the forecasted $11.75 billion. Piper Sandler acknowledged this performance by raising its price target for Travelers to $322, maintaining an Overweight rating, attributing the outperformance to better-than-expected catastrophe losses and net investment income. Meanwhile, Goldman Sachs lowered its price target to $302 from $320 but increased its earnings per share estimates for the coming years, citing improvements in share repurchases and Personal Insurance margins. BofA Securities also raised its price target to $265, maintaining an Underperform rating, noting better-than-expected underwriting results in the homeowners’ business segment. These developments highlight a period of positive financial performance and varied analyst perspectives for Travelers.
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