Travelers price target lowered to $182 from $188 at Jefferies

Jefferies analyst Yaron Kinar lowered the firm’s price target on Travelers to $182 from $188 and keeps a Hold rating on the shares as part of the firm’s P&C Insurance and Insurtech space preview for Q1. The firm expects Q1 industry catastrophe losses to be "in-line to slightly above" the seasonal 1Q average, or in the $10B range.