Travelers Companies (TRV) Receives a Hold from Wells Fargo

Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Travelers Companies (TRVResearch Report) today and set a price target of $180.00. The company’s shares closed last Wednesday at $158.20.

According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 10.8% and a 57.2% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and W. R. Berkley Corporation.

Currently, the analyst consensus on Travelers Companies is a Hold with an average price target of $176.09, which is an 11.3% upside from current levels. In a report issued on July 7, UBS also maintained a Hold rating on the stock with a $184.00 price target.

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Based on Travelers Companies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.81 billion and net profit of $1.02 billion. In comparison, last year the company earned revenue of $8.31 billion and had a net profit of $733 million.

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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