Piper Sandler Sticks to Their Buy Rating for Travelers Companies (TRV)
Piper Sandler analyst Paul Newsome maintained a Buy rating on Travelers Companies today and set a price target of $324.00.
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Newsome covers the Financial sector, focusing on stocks such as Accelerant Holdings Class A, Arthur J Gallagher & Co, and Willis Towers Watson. According to TipRanks, Newsome has an average return of 10.5% and a 64.85% success rate on recommended stocks.
In addition to Piper Sandler, Travelers Companies also received a Buy from TipRanks – OpenAI’s OpenAI Insurance – Property and Casualty in a report issued on March 6. However, on the same day, TipRanks – Anthropic downgraded Travelers Companies (NYSE: TRV) to a Hold.
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 127 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, ERM & Chief Risk Officer of TRV sold 10,400.00 shares for a total of $3,188,536.00.
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