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J.P. Morgan Sticks to Its Sell Rating for Travelers Companies (TRV)

In a report issued on July 6, Jimmy Bhullar from J.P. Morgan maintained a Sell rating on Travelers Companies (TRVResearch Report), with a price target of $176.00. The company’s shares closed last Thursday at $169.63.

According to TipRanks.com, Bhullar is a 4-star analyst with an average return of 7.9% and a 56.1% success rate. Bhullar covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Ryan Specialty Group, and Hartford Financial.

The word on The Street in general, suggests a Hold analyst consensus rating for Travelers Companies with a $180.60 average price target.

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Travelers Companies’ market cap is currently $40.7B and has a P/E ratio of 10.73.

Based on the recent corporate insider activity of 83 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. Last 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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