Murphy Pohlad Asset Management Lowers stake in Travelers Companies Inc (TRV)

Travelers Companies Inc (TRV) : Murphy Pohlad Asset Management reduced its stake in Travelers Companies Inc by 3.5% during the most recent quarter end. The investment management company now holds a total of 13,650 shares of Travelers Companies Inc which is valued at $1,570,569 after selling 495 shares in Travelers Companies Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Travelers Companies Inc makes up approximately 1.19% of Murphy Pohlad Asset Management’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in TRV by selling 32,800 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 1,540,488 shares of TRV which is valued at $175,615,632. Travelers Companies Inc makes up approx 0.18% of Legal General Group Plc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in TRV in the latest quarter, The investment management firm added 365,410 additional shares and now holds a total of 492,106 shares of Travelers Companies Inc which is valued at $55,657,189. Travelers Companies Inc makes up approx 0.23% of Bnp Paribas Arbitrage Sa’s portfolio.

Travelers Companies Inc closed down -1.14 points or -0.99% at $114 with 11,80,736 shares getting traded on Tuesday. Post opening the session at $114.48, the shares hit an intraday low of $113.67 and an intraday high of $114.8686 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Travelers Companies Inc reported $2.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $2.05. The company had revenue of $6067.00 million for the quarter, compared to analysts expectations of $6131.06 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.52 EPS.

Many Wall Street Analysts have commented on Travelers Companies Inc. Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 125 from a previous price target of $120 .

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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