{
  "id": 15737023,
  "title": "Mizuho raises Travelers stock price target to $371 on earnings outlook",
  "url": "https://urgent.news/2026/10/20/mizuho-raises-travelers-stock-price-target-to-371-on-earnings-outlook",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T11:28:56.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/mizuho-raises-travelers-stock-price-target-to-371-on-earnings-outlook-93CH-4959784"
  },
  "original_language": "en",
  "account": "Mizuho has increased its price target for Travelers Companies Inc. (NYSE:TRV) to $371 from $345, maintaining a Neutral rating on the shares. The firm projects core income of approximately $8 billion and an operating return on equity of 22% for 2026, surpassing the company's mid-teen through-cycle target. For future years, Mizuho anticipates core income below $7 billion, with operating ROEs between 16% and 17%, primarily due to Business Insurance and Personal Insurance normalization being offset by rising net investment income and about $4 billion in annual buybacks. Currently, Travelers has a return on equity of 27% over the past year and trades at a P/E ratio of just 10.09. Mizuho's 2026 earnings per share is estimated to be $37.50, beating consensus by 5%, led by a strong third quarter and stable fourth quarter underwriting when adjusted for seasonality. The firm's estimates for 2027 and 2028 are $31.55 and $32.95, respectively, which are 3% and 6% above Street expectations, driven by higher net investment income projections. Mizuho expects pressure on Business Insurance in 2027 as pricing falls below loss trends, while Personal Insurance's strong performance is projected to normalize through deliberate rate action to support growth. The 8% increase in the price target is a result of higher earnings estimates and valuation roll-forward. Despite a 3% downside from the new target, Mizuho views Travelers as a near-term beat-and-raise story based on above-consensus estimates. The firm maintains a Neutral rating for the stock, with 11 analysts revising their earnings upwards for the upcoming period and the stock appearing undervalued based on InvestingPro's Fair Value analysis. For more details, investors can access Travelers' comprehensive Pro Research Report, part of InvestingPro's extensive database of 1,400+ US equity reports.",
  "summary": null,
  "key_points": [
    "Mizuho raises Travelers stock price target to $371 from $345",
    "Projects core income of $8 billion and 22% operating return on equity for 2026",
    "Estimates Travelers 2026 EPS at $37.50, beating consensus by 5%"
  ],
  "editors_take": "The upward revision signals a belief that Travelers can sustain superior returns through investment income and buybacks even as insurance pricing and performance begin to normalize.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Mizuho raises W.R. Berkley stock price target on valuation roll",
        "url": "https://urgent.news/2026/10/20/mizuho-raises-w-r-berkley-stock-price-target-on-valuation-roll",
        "published": "2026-10-20T11:28:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}