Marathon Asset Management Llp buys $123,756,850 stake in Travelers Companies Inc (TRV)

Travelers Companies Inc (TRV) : Marathon Asset Management Llp scooped up 31,347 additional shares in Travelers Companies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 1,116,536 shares of Travelers Companies Inc which is valued at $123,756,850.Travelers Companies Inc makes up approximately 2.68% of Marathon Asset Management Llp’s portfolio.

Travelers Companies Inc opened for trading at $109.16 and hit $111.17 on the upside on Friday, eventually ending the session at $110.84, with a gain of 1.88% or 2.05 points. The heightened volatility saw the trading volume jump to 20,23,539 shares. Company has a market cap of $32,409 M.

Other Hedge Funds, Including , Ferguson Wellman Capital Management Inc reduced its stake in TRV by selling 641 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 33,285 shares of TRV which is valued at $3,689,309. Travelers Companies Inc makes up approx 0.15% of Ferguson Wellman Capital Management Inc’s portfolio.Country Club Trust Company N.a. reduced its stake in TRV by selling 630 shares or 25.46% in the most recent quarter. The Hedge Fund company now holds 1,844 shares of TRV which is valued at $214,328. Travelers Companies Inc makes up approx 0.03% of Country Club Trust Company N.a.’s portfolio.Lenox Wealth Advisors reduced its stake in TRV by selling 50 shares or 48.08% in the most recent quarter. The Hedge Fund company now holds 54 shares of TRV which is valued at $6,276. Stillwater Investment Management added TRV to its portfolio by purchasing 1,727 company shares during the most recent quarter which is valued at $198,225. Travelers Companies Inc makes up approx 0.12% of Stillwater Investment Management’s portfolio.

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.

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 .Shares were Reiterated by UBS on Jan 27, 2016 to “Neutral” and Lowered the Price Target to $ 110 from a previous price target of $112 .Shares were Reiterated by RBC Capital Mkts on Jan 22, 2016 to “Outperform” and Lowered the Price Target to $ 118 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.

Leave a Reply

Travelers Companies Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Travelers Companies Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.