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Evercore ISI Remains a Hold on Travelers Companies (TRV)

In a report issued on June 17, David Motemaden from Evercore ISI maintained a Hold rating on Travelers Companies (TRVResearch Report), with a price target of $188.00. The company’s shares closed last Friday at $161.88.

According to TipRanks.com, Motemaden is a 3-star analyst with an average return of 1.9% and a 46.6% success rate. Motemaden covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, W. R. Berkley Corporation, and Arthur J Gallagher & Co.

Currently, the analyst consensus on Travelers Companies is a Hold with an average price target of $184.50, a 14.6% upside from current levels. In a report issued on June 16, Wells Fargo also maintained a Hold rating on the stock with a $180.00 price target.

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Travelers Companies’ market cap is currently $38.84B and has a P/E ratio of 10.24.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRV in relation to earlier this year. Earlier this month, William Heyman, the Vice Chairman of TRV sold 10,000 shares for a total of $1,786,200.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Travelers Cos., Inc. is a New York-based company and was founded in 1853. The company provides commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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