Bank of America Securities Keeps Their Sell Rating on Travelers Companies (TRV)

Bank of America Securities analyst Joshua Shanker maintained a Sell rating on Travelers Companies today and set a price target of $245.00.

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According to TipRanks, Shanker is a 5-star analyst with an average return of 8.0% and a 60.48% success rate. Shanker covers the Financial sector, focusing on stocks such as Progressive, American International Group, and Brown & Brown.

In addition to Bank of America Securities, Travelers Companies also received a Sell from J.P. Morgan’s Jimmy Bhullar in a report issued on January 7. However, on January 14, Cantor Fitzgerald maintained a Buy rating on Travelers Companies (NYSE: TRV).

Based on Travelers Companies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $12.47 billion and a net profit of $1.89 billion. In comparison, last year the company earned a revenue of $11.9 billion and had a net profit of $1.26 billion

Based on the recent corporate insider activity of 109 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. Last month, Maria Olivo, the EVP, Strat Dev & Pres Intl of TRV sold 8,920.00 shares for a total of $2,637,911.60.