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Analysts Offer Insights on Financial Companies: Travelers Companies (TRV) and Progressive (PGR)

Tipranks - Thu Feb 19, 8:52AM CST

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Travelers Companies (TRVResearch Report) and Progressive (PGRResearch Report).

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Travelers Companies (TRV)

In a report released today, David Motemaden from Evercore ISI maintained a Buy rating on Travelers Companies, with a price target of $317.00. The company’s shares closed last Wednesday at $297.44.

According to TipRanks.com, Motemaden is a 4-star analyst with an average return of 4.6% and a 52.8% success rate. Motemaden covers the Financial sector, focusing on stocks such as Fidelis Insurance Holdings Ltd., American International Group, and Marsh & McLennan Companies. ;'>

Currently, the analyst consensus on Travelers Companies is a Moderate Buy with an average price target of $303.31.

See the top stocks recommended by analysts >>

Progressive (PGR)

In a report released today, Adam Klauber from William Blair maintained a Hold rating on Progressive. The company’s shares closed last Wednesday at $204.41, close to its 52-week low of $201.34.

According to TipRanks.com, Klauber is ranked 0 out of 5 stars with an average return of -3.6% and a 35.9% success rate. Klauber covers the Financial sector, focusing on stocks such as Skyward Specialty Insurance Group, Inc., Marsh & McLennan Companies, and Arthur J Gallagher & Co. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Progressive with a $242.80 average price target, which is a 16.5% upside from current levels. In a report issued on February 11, Jefferies also maintained a Hold rating on the stock with a $216.00 price target.

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