Travelers price target lowered to $249 from $256 at Jefferies

Jefferies lowered the firm’s price target on Travelers (TRV) to $249 from $256 and keeps a Hold rating on the shares. The firm’s preference into 2025 among the property and casualty insurance and insurtech space remains personal lines, citing strong and improving fundamentals and hard market conditions that will possibly be extended should tariffs be placed, while it believes it is “still too early to become more constructive on commercial lines,” the analyst tells investors in a group outlook note.