Wells Fargo Sticks to Their Hold Rating for Travelers Companies (TRV)

In a report released yesterday, Elyse Greenspan from Wells Fargo maintained a Hold rating on Travelers Companies, with a price target of $285.00.

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According to TipRanks, Greenspan is a 4-star analyst with an average return of 6.9% and a 57.31% success rate. Greenspan covers the Financial sector, focusing on stocks such as Allstate, Arthur J Gallagher & Co, and Progressive.

In addition to Wells Fargo, Travelers Companies also received a Hold from TipRanks – Anthropic’s Anthropic Insurance – Property and Casualty in a report issued yesterday. However, on the same day, TipRanks – OpenAI reiterated a Buy rating on Travelers Companies (NYSE: TRV).

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 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.