Travelers Companies Earns Hold Rating Amid Earnings Beat

The Travelers Companies, Inc. (NYSE:TRV) has received an average rating of 'Hold' from twenty-six brokerages covering the company, according to Marketbeat Ratings.

This rating is based on the opinions of five investment analysts who have given the stock a sell rating, thirteen who have issued a hold rating, four who have given a buy rating, and four who have assigned a strong buy rating. The average 1-year price target among these brokerages is $354.2632.

The insurance provider recently reported earnings that beat analysts' expectations, with a quarterly profit of $10.04 per share compared to the estimated $5.41 per share. Revenue for the quarter was also higher than expected at $12.15 billion, up 0.3% from the same period last year.