Retirement Design Management Inc Adv Lowers stake in Travelers Companies Inc (TRV)

Travelers Companies Inc (TRV) : Retirement Design Management Inc Adv reduced its stake in Travelers Companies Inc by 2.56% during the most recent quarter end. The investment management company now holds a total of 33,146 shares of Travelers Companies Inc which is valued at $3.7 Million after selling 872 shares in Travelers Companies Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Travelers Companies Inc makes up approximately 2.69% of Retirement Design Management Inc Adv’s portfolio.

Other Hedge Funds, Including , Park Avenue Institutional Advisers reduced its stake in TRV by selling 54 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 1,917 shares of TRV which is valued at $215,988. Travelers Companies Inc makes up approx 0.19% of Park Avenue Institutional Advisers’s portfolio.Columbia Partners L L C Investment Management boosted its stake in TRV in the latest quarter, The investment management firm added 112 additional shares and now holds a total of 9,203 shares of Travelers Companies Inc which is valued at $1 Million. Travelers Companies Inc makes up approx 0.08% of Columbia Partners L L C Investment Management’s portfolio.Ghp Investment Advisors boosted its stake in TRV in the latest quarter, The investment management firm added 835 additional shares and now holds a total of 23,694 shares of Travelers Companies Inc which is valued at $2.7 Million. Travelers Companies Inc makes up approx 0.55% of Ghp Investment Advisors’s portfolio.Schwab Charles Investment Management Inc boosted its stake in TRV in the latest quarter, The investment management firm added 17,115 additional shares and now holds a total of 1,350,461 shares of Travelers Companies Inc which is valued at $149.2 Million. Travelers Companies Inc makes up approx 0.20% of Schwab Charles Investment Management Inc’s portfolio.Caz Investments Lp reduced its stake in TRV by selling 1,330 shares or 8.19% in the most recent quarter. The Hedge Fund company now holds 14,900 shares of TRV which is valued at $1.6 Million. Travelers Companies Inc makes up approx 4.48% of Caz Investments Lp’s portfolio.

Travelers Companies Inc opened for trading at $110.75 and hit $112.46 on the upside on Friday, eventually ending the session at $111.89, with a gain of 1.63% or 1.79 points. The heightened volatility saw the trading volume jump to 18,06,616 shares. Company has a market cap of $32,716 M.

On the company’s financial health, Travelers Companies Inc reported $2.33 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $2.55. The company had revenue of $5981.00 million for the quarter, compared to analysts expectations of $6017.47 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 EPS.

Investors should note that on Apr 21, 2016, Travelers Companies Inc announced a cash dividend of $0.6700. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 30, 2016.

Many Wall Street Analysts have commented on Travelers Companies Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 121 from a previous price target of $118 .

The Travelers Companies Inc. is a holding company. Through its subsidiaries the Company is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses Government units associations and individuals. The Company has three operating segments: Business and International Insurance segment Bond & Specialty Insurance segment and the Personal Insurance segment. Business and International Insurance segment offers a range of property and casualty insurance and insurance related services to its customers primarily in the United States as well as in Canada the United Kingdom the Republic of Ireland and throughout other parts of the world. Bond & Specialty Insurance segment provides surety crime management and professional liability coverages and related risk management services. Personal Insurance segment includes a range of property and casualty insurance covering individuals’ personal risks.

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