UBS Sticks to Their Hold Rating for Travelers Companies (TRV)
UBS analyst Brian Meredith maintained a Hold rating on Travelers Companies today and set a price target of $298.00.
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Meredith covers the Financial sector, focusing on stocks such as Aon, Arthur J Gallagher & Co, and Brown & Brown. According to TipRanks, Meredith has an average return of 12.3% and a 76.75% success rate on recommended stocks.
In addition to UBS, Travelers Companies also received a Hold from Citi’s Matthew Heimermann in a report issued on January 27. However, on January 23, Argus Research 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 111 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, Jeffrey P. Klenk, the EVP & Pres., Bond & Spec. Ins of TRV sold 16,712.00 shares for a total of $4,675,516.24.
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