BMO Raises PT on The Travelers Companies (TRV)
Key takeaways
- BMO Raises PT on The Travelers Companies (TRV) Talha Qureshi Sun, May 10, 2026 at 10:53 PM GMT+7 2 min read TRV BMO The Travelers Companies, Inc.
- The bullish rating is based on the firm’s expectations that Travelers’ earnings per share trajectory will surpass the Street’s estimates over the next couple of years.
- Beyond the core underwriting, the firm identified additional drivers of earnings per share upside.
BMO Raises PT on The Travelers Companies (TRV) Talha Qureshi Sun, May 10, 2026 at 10:53 PM GMT+7 2 min read TRV BMO The Travelers Companies, Inc. (NYSE:TRV) ranks among our Most Undervalued High Quality Stocks to Buy Now. Last Month, on April 20, BMO Capital raised the firm’s price target on the stock from $297 to $314, while maintaining an Outperform rating on the shares.
The bullish rating is based on the firm’s expectations that Travelers’ earnings per share trajectory will surpass the Street’s estimates over the next couple of years. Analysts at BMO explained in a research note that the company has more conservative reserve loss-ratio profit margin assumptions, suggesting the company’s reserving practices position it well to deliver positive earnings surprises relative to broader market expectations.
Beyond the core underwriting, the firm identified additional drivers of earnings per share upside. BMO highlighted the favorable spread between new money rates and existing bond yields as a tailwind for net investment income. The firm also pointed to share buybacks as another lever for earnings growth, particularly as the broader business expansion moderates.