KBW Sticks to Its Hold Rating for Travelers Companies

By Austin Angelo

In a report released yesterday, Meyer Shields from KBW reiterated a Hold rating on Travelers Companies (NYSE: TRV), with a price target of $115. The company’s shares closed yesterday at $122.05, close to its 52-week high of $125.49.

According to TipRanks.com, Shields is a 4-star analyst with an average return of 5.5% and a 73.1% success rate. Shields covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Infinity Property and Casualty, and American International Group.

Travelers Companies has an analyst consensus of Moderate Buy, with a price target consensus of $123.67.

Based on Travelers Companies’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $6.94 billion and quarterly net profit of $613 million. In comparison, last year the company earned revenue of $6.7 billion and had a net profit of $686 million.

Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. Last month, Kenneth Franklin Spence, the EVP & GC of TRV sold 15,971 shares for a total of $1,917,478.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Travelers Cos., Inc. operates as a holding company, which engages in the insurance business. It operates through the following segments: Business and International Insurance; Bond & Specialty Insurance; and Personal Insurance. The Business and International Insurance segment offers property and casualty insurance; and insurance related services. The Bond & Specialty Insurance segment provides surety; fidelity; management liability; professional liability; and other property and casualty coverage and related risk management services. The Personal Insurance segment includes property and casualty insurance covering individuals’ personal risks. The company was founded in 1853 and is headquartered in New York, NY.