The Travelers Companies, Inc. (NYSE:TRV) is included among the 12 Best DOW Stocks to Buy in 2026.
On January 5, Bank of America lowered its price target on The Travelers Companies, Inc. (NYSE:TRV) to $262 from $265 and maintained an underperform rating.
The firm said pricing trends in P&C products still appear weak, similar to what occurred in 2025. Pricing across liability lines remains favorable, but loss costs are rising faster than prices. Personal auto rates have largely stagnated, even as some investors are beginning to expect declines after a period of strong profitability. BofA also noted that underwriter valuations don’t look expensive, despite fundamentals moving in the “wrong direction.”
On January 2, The Travelers Companies, Inc. (NYSE:TRV) said it had completed the sale of its personal insurance business and most of its commercial insurance business in Canada to Definity Financial Corporation for approximately $2.4 billion. Travelers, North America’s largest surety bond issuer, maintained its surety bond operations in Canada as part of the deal.
The company plans to use approximately $700 million of net proceeds for additional share repurchases in 2026. The remaining cash will support ongoing operations and general corporate needs. Travelers expects the transaction and related buybacks to be accretive to earnings per share in 2026 and beyond.
Jefferies LLC and Przygoda & Co. LLC acted as financial advisors on the transaction. Skadden, Arps, Slate, Meagher & Flom LLP and Stikeman Elliott LLP provided legal advice.
The Travelers Companies, Inc. (NYSE:TRV) offers property and casualty insurance across automobile, home and business lines. Its operations are organized into the segments of commercial insurance, surety and specialized insurance, and personal insurance.
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