Travelers Companies Inc (TRV) : Mcrae Capital Management Inc reduced its stake in Travelers Companies Inc by 4.13% during the most recent quarter end. The investment management company now holds a total of 83,510 shares of Travelers Companies Inc which is valued at $9,223,680 after selling 3,600 shares in Travelers Companies Inc , the firm said in a disclosure report filed with the SEC on May 2, 2016.Travelers Companies Inc makes up approximately 4.14% of Mcrae Capital Management Inc’s portfolio.
Travelers Companies Inc closed down -0.3 points or -0.27% at $110.45 with 12,73,076 shares getting traded on Friday. Post opening the session at $110.5, the shares hit an intraday low of $109.73 and an intraday high of $110.59 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Gamble Jones Investment Counsel added TRV to its portfolio by purchasing 2,481 company shares during the most recent quarter which is valued at $274,026. Travelers Companies Inc makes up approx 0.03% of Gamble Jones Investment Counsel’s portfolio.Dupont Capital Management Corp reduced its stake in TRV by selling 6,935 shares or 5.44% in the most recent quarter. The Hedge Fund company now holds 120,504 shares of TRV which is valued at $13,243,390. Travelers Companies Inc makes up approx 0.30% of Dupont Capital Management Corp’s portfolio.Rothschild Investment Corp Il boosted its stake in TRV in the latest quarter, The investment management firm added 16 additional shares and now holds a total of 4,573 shares of Travelers Companies Inc which is valued at $502,573. Travelers Companies Inc makes up approx 0.06% of Rothschild Investment Corp Il’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 .
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.