The Travelers Companies, Inc. (TRV) Is At $134.39 Formed Wedge; 1 Bullish Analysts Covering ALLETE, Inc. (ALE)

The Travelers Companies, Inc. (TRV) formed wedge up with $142.45 target or 6.00% above today’s $134.39 share price. The Travelers Companies, Inc. (TRV) has $36.78 billion valuation. The stock decreased 0.04% or $0.05 during the last trading session, reaching $134.39. About 879,374 shares traded. The Travelers Companies, Inc. (NYSE:TRV) has risen 9.71% since December 24, 2016 and is uptrending. It has underperformed by 6.99% the S&P500.

Among 7 analysts covering ALLETE Inc (NYSE:ALE), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. ALLETE Inc had 14 analyst reports since October 15, 2015 according to SRatingsIntel. On Tuesday, December 8 the stock rating was upgraded by Wunderlich to “Buy”. Wells Fargo initiated ALLETE, Inc. (NYSE:ALE) on Thursday, October 15 with “Market Perform” rating. The firm has “Hold” rating given on Thursday, October 12 by Williams Capital Group. On Thursday, October 19 the stock rating was downgraded by KeyBanc Capital Markets to “Hold”. Williams Capital Group maintained ALLETE, Inc. (NYSE:ALE) on Monday, June 19 with “Buy” rating. Williams Capital Group maintained the stock with “Buy” rating in Friday, April 21 report. On Wednesday, November 15 the stock rating was maintained by JP Morgan with “Underweight”. The firm has “Underweight” rating given on Thursday, October 12 by JP Morgan. The rating was initiated by Macquarie Research with “Neutral” on Friday, November 4. The stock has “Underweight” rating by JP Morgan on Wednesday, March 30. See ALLETE, Inc. (NYSE:ALE) latest ratings:

15/11/2017 Broker: JP Morgan Rating: Underweight Old Target: $73 New Target: $76 Maintain
20/10/2017 Broker: Ladenburg Rating: Hold New Target: $78.0 Downgrade
19/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Downgrade
12/10/2017 Broker: Williams Capital Group Old Rating: Buy New Rating: Hold Downgrade
12/10/2017 Broker: JP Morgan Rating: Underweight Old Target: $66 New Target: $73 Maintain

Since August 8, 2017, it had 0 insider purchases, and 1 insider sale for $187,075 activity. LUDLOW MADELEINE W also sold $187,075 worth of ALLETE, Inc. (NYSE:ALE) shares.

ALLETE, Inc. operates as an energy company. The company has market cap of $3.75 billion. The firm operates through three divisions: Regulated Operations, ALLETE Clean Energy, and U.S. It has a 21.23 P/E ratio. Water Services.

The stock decreased 0.20% or $0.15 during the last trading session, reaching $73.45. About 172,035 shares traded. ALLETE, Inc. (NYSE:ALE) has risen 26.32% since December 24, 2016 and is uptrending. It has outperformed by 9.62% the S&P500.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.33, from 1.31 in 2017Q2. It turned negative, as 23 investors sold ALLETE, Inc. shares while 80 reduced holdings. 27 funds opened positions while 74 raised stakes. 36.24 million shares or 3.35% more from 35.07 million shares in 2017Q2 were reported. Mesirow Inv reported 322,261 shares stake. 192,433 were reported by Wells Fargo & Mn. Envestnet Asset Mngmt Inc accumulated 3,182 shares. Arizona State Retirement Sys reported 26,412 shares or 0.02% of all its holdings. Baldwin Brothers Incorporated Ma reported 333 shares or 0% of all its holdings. Royal Retail Bank Of Canada invested 0% of its portfolio in ALLETE, Inc. (NYSE:ALE). Logan Capital Mngmt Incorporated reported 25,000 shares. Martingale Asset Management Lp invested 0.1% of its portfolio in ALLETE, Inc. (NYSE:ALE). Vanguard Grp, Pennsylvania-based fund reported 5.09M shares. Oppenheimer Asset holds 0% of its portfolio in ALLETE, Inc. (NYSE:ALE) for 428 shares. Moreover, Aqr Capital Mgmt Lc has 0.01% invested in ALLETE, Inc. (NYSE:ALE) for 61,334 shares. Ahl Ptnrs Llp holds 0.17% of its portfolio in ALLETE, Inc. (NYSE:ALE) for 122,902 shares. Benjamin F Edwards And Company owns 366 shares for 0% of their portfolio. Nuveen Asset Mngmt Limited Liability Co has invested 0.01% in ALLETE, Inc. (NYSE:ALE). Northern Tru stated it has 0.03% in ALLETE, Inc. (NYSE:ALE).

Among 16 analysts covering Travelers (NYSE:TRV), 6 have Buy rating, 3 Sell and 7 Hold. Therefore 38% are positive. Travelers had 48 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Argus Research on Monday, April 24. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, September 20. The firm has “Neutral” rating by UBS given on Wednesday, January 27. The company was upgraded on Monday, December 12 by BMO Capital Markets. The stock has “Buy” rating by Bank of America on Tuesday, June 28. The company was maintained on Friday, July 22 by RBC Capital Markets. The firm has “Neutral” rating by Credit Suisse given on Tuesday, September 12. The stock has “Underweight” rating by Morgan Stanley on Friday, October 20. Bank of America downgraded The Travelers Companies, Inc. (NYSE:TRV) on Monday, June 19 to “Neutral” rating. RBC Capital Markets maintained The Travelers Companies, Inc. (NYSE:TRV) rating on Wednesday, October 21. RBC Capital Markets has “Outperform” rating and $120.0 target.

Analysts await The Travelers Companies, Inc. (NYSE:TRV) to report earnings on January, 23 before the open. They expect $1.86 EPS, down 41.88% or $1.34 from last year’s $3.2 per share. TRV’s profit will be $509.07 million for 18.06 P/E if the $1.86 EPS becomes a reality. After $0.91 actual EPS reported by The Travelers Companies, Inc. for the previous quarter, Wall Street now forecasts 104.40% EPS growth.