Wells Fargo Gives a Hold Rating to Travelers Companies


Wells Fargo analyst Elyse Greenspan assigned a Hold rating to Travelers Companies (NYSE: TRV) today and set a price target of $142. The company’s shares opened today at $130.65.

Greenspan wrote:

“We continue to have a Market Perform rating on the shares.”

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 5.1% and a 52.1% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Renaissancere Holdings Ltd, and Marsh & Mclennan Companies.

Travelers Companies has an analyst consensus of Moderate Buy, with a price target consensus of $137.50.

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Based on Travelers Companies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.29 billion and net profit of $664 million. In comparison, last year the company earned revenue of $6.94 billion and had a net profit of $613 million.

Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2018, Andy Bessette, the EVP and Chief Admin Officer of TRV sold 17,000 shares for a total of $2,421,140.

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.

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