Capital Wealth Planning Lowers stake in Travelers Companies Inc (TRV)

Travelers Companies Inc (TRV) : Capital Wealth Planning reduced its stake in Travelers Companies Inc by 17.87% during the most recent quarter end. The investment management company now holds a total of 16,320 shares of Travelers Companies Inc which is valued at $1.8 Million after selling 3,550 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 1.36% of Capital Wealth Planning’s portfolio.

Other Hedge Funds, Including , Homrich Berg boosted its stake in TRV in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 5,214 shares of Travelers Companies Inc which is valued at $587,461. Travelers Companies Inc makes up approx 0.06% of Homrich Berg’s portfolio.Comerica Securities Inc boosted its stake in TRV in the latest quarter, The investment management firm added 1,135 additional shares and now holds a total of 9,001 shares of Travelers Companies Inc which is valued at $1 Million. Travelers Companies Inc makes up approx 0.76% of Comerica Securities Inc’s portfolio.Global X Management Co boosted its stake in TRV in the latest quarter, The investment management firm added 462 additional shares and now holds a total of 523 shares of Travelers Companies Inc which is valued at $57,765. Richard Bernstein Advisors added TRV to its portfolio by purchasing 20,859 company shares during the most recent quarter which is valued at $2.3 Million. Travelers Companies Inc makes up approx 0.23% of Richard Bernstein Advisors’s portfolio.Farmers Merchants Investments Inc reduced its stake in TRV by selling 18 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 7,415 shares of TRV which is valued at $818,987. Travelers Companies Inc makes up approx 0.10% of Farmers Merchants Investments Inc’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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