Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Travelers Companies (NYSE: TRV) today and set a price target of $142. The company’s shares closed yesterday at $126.44.
Greenspan noted:
“We expect TRV shares to trade down reflecting lower reserve releases and a weaker underlying margin than we had expected.”
According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 4.2% and a 51.5% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.
Currently, the analyst consensus on Travelers Companies is a Moderate Buy with an average price target of $140.67.
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Based on Travelers Companies’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $7.48 billion and net profit of $520 million. In comparison, last year the company earned revenue of $7.33 billion and had a net profit of $291 million.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Andy Bessette, the EVP and Chief Admin Officer of TRV sold 8,892 shares for a total of $1,162,851.
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 holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following segments: Business Insurance; Bond and Specialty Insurance; and Personal Insurance.
