Travelers Cos. Receives Consensus Rating of “Hold” from Brokerages (NYSE:TRV)
Shares of Travelers Cos. (NYSE:TRV) have earned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the company, Analyst Ratings News reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $92.93.
Travelers Cos. (NYSE:TRV) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $2.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.10 by $0.58. The company had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis.
In other Travelers Cos. news, EVP William Jr. Cunningham sold 40,586 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $80.66, for a total transaction of $3,273,666.76. Following the sale, the executive vice president now directly owns 8,252 shares in the company, valued at approximately $665,606. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TRV has been the subject of a number of recent research reports. Analysts at RBC Capital downgraded shares of Travelers Cos. from a “top pick” rating to an “outperform” rating in a research note to investors on Wednesday, January 22nd. They now have a $98.00 price target on the stock, down previously from $100.00. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Travelers Cos. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Travelers Cos. in a research note to investors on Wednesday, November 27th. They now have a $109.00 price target on the stock.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.