Travelers price target raised to $340 from $320 at Keefe Bruyette

Keefe Bruyette analyst Meyer Shields raised the firm’s price target on Travelers (TRV) to $340 from $320 and keeps an Outperform rating on the shares. The firm estimates that Travelers’ year-end 2025 GAAP loss and Allocated Loss Adjustment Expense reserves were overstated by about $1.94B, the analyst tells investors in a research note.