Keefe Bruyette has increased its price target for The Travelers Companies, Inc. (TRV) to $340 from $320, maintaining an Outperform rating. Analyst Meyer Shields estimates a 2025 GAAP loss and Allocated Loss Adjustment Expense reserve overstatement of approximately $1.94 billion. Travelers recently launched an AI Claim Assistant utilizing OpenAI models, and reported strong Q4 revenue of $12.43 billion, exceeding consensus estimates.
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Keefe Bruyette Raises its Price Target on The Travelers Companies, Inc. (TRV) to $340 and Maintains an Outperform Rating
Keefe Bruyette has increased its price target for The Travelers Companies, Inc. (TRV) to $340 from $320, maintaining an Outperform rating. Analyst Meyer Shields estimates a 2025 GAAP loss and Allocated Loss Adjustment Expense reserve overstatement of approximately $1.94 billion. Travelers recently launched an AI Claim Assistant utilizing OpenAI models, and reported strong Q4 revenue of $12.43 billion, exceeding consensus estimates.