BMO raises Travelers target to USD 388 for Travelers Companies stock

Published on 10/21/2026 at 10:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Core income reached USD 1.947 billion in the third quarter. Net income was USD 1.917 billion and Travelers Companies stock costs EUR 352.40 on October 21, 2026.

Insurance earnings and analyst view

BMO Capital lifted its target to USD 388.00 on October 20, 2026.
Travelers posted a core return on equity of 22.1 percent in the third quarter of 2026.
Travelers Companies stock trades at EUR 352.40 at 10:32 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Travelers Companies (ISIN US89417E1091) had BMO Capital raise its price target from USD 379.00 to USD 388.00 on October 20, 2026, according to Benzinga. The move followed the insurer's third-quarter results, which showed core income of USD 1.947 billion and core earnings per diluted share of USD 9.18.

Travelers reported the figures for the quarter ended September 30, 2026, on October 16, 2026. Net income reached USD 1.917 billion, compared with USD 1.888 billion in the prior-year quarter, while core income rose from USD 1.867 billion to USD 1.947 billion.

Three dated catalysts

The sequence began on October 16, 2026, when Travelers reported third-quarter core income of USD 1.947 billion and a consolidated combined ratio of 86.8 percent. On October 19, 2026, Truist raised its price target from USD 425.00 to USD 435.00, according to Investing.com. On October 20, 2026, BMO Capital raised its target from USD 379.00 to USD 388.00 while maintaining a Market Perform rating, according to Benzinga.

What supports the higher targets?

The latest operating figures give analysts a stronger earnings base, but the quality of that improvement matters. Travelers recorded USD 1.098 billion in pre-tax net investment income in the third quarter, a 6 percent increase from the prior-year quarter. The company also returned USD 1.769 billion to shareholders, including USD 1.508 billion in share repurchases.

The underwriting picture was also favorable. The underlying combined ratio was 84.1 percent, below the reported 86.8 percent ratio after catastrophe losses and prior-year reserve development. Core return on equity reached 22.1 percent for the quarter, while the four-quarter figure was 24.1 percent, according to the October 16 release from Travelers.

Stock price and investor context

For investors, the central tension is visible in the combination of strong reported profitability and higher analyst targets. The targets are stated in USD, while the German trading indication below is stated in EUR and is not a conversion of those targets.

Travelers is a property and casualty insurer whose business covers commercial and personal insurance. Its investor-relations profile identifies Business Insurance, Bond and Specialty Insurance, and Personal Insurance as its three primary segments.

Travelers Companies stock was trading at EUR 352.40 at Lang & Schwarz on October 21, 2026, at 10:32 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Travelers Companies stock.