Travelers Companies (TRV) Receives a Buy from Roth MKM

Roth MKM analyst Harry Fong maintained a Buy rating on Travelers Companies today and set a price target of $320.00.

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According to TipRanks, Fong is a 5-star analyst with an average return of 12.0% and a 72.41% success rate. Fong covers the Financial sector, focusing on stocks such as Allstate, Assured Guaranty, and Progressive.

In addition to Roth MKM, Travelers Companies also received a Buy from Evercore ISI’s David Motemaden in a report issued yesterday. However, on the same day, Mizuho Securities maintained a Hold 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.