Morgan Stanley Raises TRV Price Target to $350

On October 23, 2026, Morgan Stanley maintained its Underweight rating on The Travelers Companies, Inc. (NYSE: TRV) while lifting its price target from $330.00 to $350.00. The research note provides a forward-looking view on the property and casualty insurer as shares trade well above the newly revised target. The stock closed at $400.37 on the day of the update.

TRV The Travelers Companies, Inc.

$407.32 ▲ +44.43% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Morgan Stanley's Call on The Travelers Companies

In its research note issued on October 23, 2026, Morgan Stanley maintained its Underweight rating on the insurer while raising its price target from $330.00 to $350.00. The firm joins several other Wall Street institutions that updated their views on the company during October.

Other Institutional Activity in The Travelers Companies

Large financial institutions continue to adjust their positions in the insurer. Massachusetts Financial Services Co. reduced its holdings by 662,502 shares, ending with 4,241,289 shares valued at about $1,698,084,856 for its reported period ended June 30, 2026.

The Travelers Companies, Inc. Stock Up 2.1%

The shares recently traded around $407.44 as of October 23, 2026, up about 1.8% from an event-day closing price of $400.37. The stock trades near its 52-week high of $407.87 and sits well above its 50-day moving average of $370.89 and its 200-day moving average of $326.30.

Recent Earnings

The company reported trailing-twelve-month revenue of $48,921,001,984 alongside earnings of $38.03 per share. The insurer operates with a net profit margin of 17.0% and a return on equity of 27.5%. The next earnings release is scheduled for January 20, 2027.

Dividend

The firm distributes an annual dividend rate of $5.00 per share, yielding 1.23% with a dividend payout ratio of 12.4%.

Insider Buying and Selling at The Travelers Companies, Inc.

Company insiders have executed multiple transactions in recent months. Officer Diane Kurtzman sold 4,164 shares on July 24, 2026, at an average price of $386.71. Officer Maria Olivo disposed of 6,000 shares on August 28, 2026, at $369.86 per share, and later sold 15,100 shares on October 21, 2026, at $398.44. Additionally, EVP and President of Personal Insurance Michael Frederick Klein sold 7,500 shares on October 20, 2026, at $392.79.

Analysts Set New Price Targets

Wall Street firms have actively reviewed the stock through October. On October 20, 2026, BMO Capital maintained a Market Perform rating and raised its target from $379.00 to $388.00. JP Morgan maintained a Neutral rating and lifted its target from $352.00 to $379.00. Mizuho maintained a Neutral rating while moving its target from $345.00 to $371.00. Keefe, Bruyette & Woods maintained a Market Perform rating and raised its target from $372.00 to $382.00. Across 24 analyst opinions, the stock carries a consensus hold rating and a mean price target of $374.29.

About The Travelers Companies

Headquartered in New York, NY, The Travelers Companies, Inc. provides commercial and personal property and casualty insurance products. The enterprise serves businesses, government entities, and individuals across the United States, Canada, and international markets through its Business Insurance, Bond & Specialty Insurance, and Personal Insurance divisions.

Bottom Line

Morgan Stanley's updated price target of $350.00 stands well below where the stock recently traded near $407.44. Investors will look toward the company's next earnings report on January 20, 2027, for further updates on financial performance.