Wells Fargo analyst Elyse Greenspan reiterated a Hold rating on Travelers Companies (NYSE: TRV) yesterday. The company’s shares closed yesterday at $129.94.
According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 5.7% and a 66.7% 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 $138.63, a 6.7% upside from current levels. In a report released yesterday, Credit Suisse also initiated coverage with a Hold rating on the stock with a $141 price target.
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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 $7.19 billion and had a net profit of $590 million.
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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.
