Comerica Securities Inc buys $1 Million stake in Travelers Companies Inc (TRV)

Travelers Companies Inc (TRV) : Comerica Securities Inc scooped up 1,135 additional shares in Travelers Companies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 9,001 shares of Travelers Companies Inc which is valued at $1 Million.Travelers Companies Inc makes up approximately 0.76% of Comerica Securities Inc’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in TRV in the latest quarter, The investment management firm added 8,984 additional shares and now holds a total of 444,963 shares of Travelers Companies Inc which is valued at $50.1 Million. Travelers Companies Inc makes up approx 0.34% of Teacher Retirement System Of Texas’s portfolio.Johnson Financial Group reduced its stake in TRV by selling 6,348 shares or 20.93% in the most recent quarter. The Hedge Fund company now holds 23,985 shares of TRV which is valued at $2.7 Million. Travelers Companies Inc makes up approx 0.54% of Johnson Financial Group’s portfolio.Sky Investment Group boosted its stake in TRV in the latest quarter, The investment management firm added 155 additional shares and now holds a total of 7,377 shares of Travelers Companies Inc which is valued at $831,167. Travelers Companies Inc makes up approx 0.41% of Sky Investment Group’s portfolio. Cadence Capital Management sold out all of its stake in TRV during the most recent quarter. The investment firm sold 5,589 shares of TRV which is valued $617,305.Texas Permanent School Fund reduced its stake in TRV by selling 5,802 shares or 5.37% in the most recent quarter. The Hedge Fund company now holds 102,215 shares of TRV which is valued at $11.2 Million. Travelers Companies Inc makes up approx 0.14% of Texas Permanent School Fund’s portfolio.

Travelers Companies Inc closed down -0.43 points or -0.38% at $112.24 with 11,54,992 shares getting traded on Monday. Post opening the session at $112.26, the shares hit an intraday low of $111.94 and an intraday high of $112.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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