Barclays Keeps Their Hold Rating on Travelers Companies (TRV)
Barclays analyst Alex Scott maintained a Hold rating on Travelers Companies today and set a price target of $312.00.
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Scott covers the Financial sector, focusing on stocks such as Allstate, Prudential Financial, and Arthur J Gallagher & Co. According to TipRanks, Scott has an average return of 6.1% and a 51.69% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Travelers Companies with a $304.56 average price target.
Based on Travelers Companies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $12.43 billion and a net profit of $2.5 billion. In comparison, last year the company earned a revenue of $12.01 billion and had a net profit of $2.08 billion
Based on the recent corporate insider activity of 115 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. Earlier this month, Andy Bessette, the EVP and Chief Admin Officer of TRV sold 6,000.00 shares for a total of $1,785,878.40.
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