The modeled fair value for Travelers Companies has been raised to US$320.74 from US$312.91, reflecting a slightly improved net profit margin assumption of about 11.57% compared with 11.48% previously. Revenue growth is still modeled as declining about 1.47%, while the future price-to-earnings multiple is set at 13.02 times versus 12.81 times before. The discount rate remains essentially unchanged at 7.11%. The update comes as analysts offer mixed views, with Truist initiating coverage with a Buy rating and a US$395 price target, while Barclays moved to Underweight with a US$295 target citing concerns over softening pricing and slower growth.
The Travelers Companies IncFair value estimate raised slightly but analyst views are mixed with a Buy and an Underweight rating.
HSBC Holdings PLC