Morgan Stanley Remains a Hold on Travelers Companies (TRV)

Morgan Stanley analyst Michael Phillips CFA maintained a Hold rating on Travelers Companies (TRVResearch Report) today and set a price target of $190.00. The company’s shares opened today at $187.00.

Phillips CFA covers the Financial sector, focusing on stocks such as Everest Re, Hippo Holdings, and Chubb. According to TipRanks, Phillips CFA has an average return of 2.2% and a 58.54% success rate on recommended stocks.

Currently, the analyst consensus on Travelers Companies is a Hold with an average price target of $181.56.

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The company has a one-year high of $186.50 and a one-year low of $142.24. Currently, Travelers Companies has an average volume of 1.35M.

Based on the recent corporate insider activity of 85 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, Andy Bessette, the EVP and Chief Admin Officer of TRV sold 4,420.00 shares for a total of $798,870.80.

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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