Travelers Companies Inc (TRV) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Jun 28, 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 .
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.
Travelers Companies Inc closed down -0.67 points or -0.60% at $110.35 with 18,78,828 shares getting traded on Monday. Post opening the session at $110.47, the shares hit an intraday low of $109.33 and an intraday high of $110.83 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jun 22, 2016, Jay S Benet (Vice Chairman and CFO) sold 5,797 shares at $112.97 per share price. According to the SEC, on Jun 2, 2016, William H Heyman (Vice Chairman & Chief Inv Off) sold 1,000 shares at $114.50 per share price. On May 27, 2016, John P Jr Clifford (EVP, Human Resources) sold 15,798 shares at $113.47 per share price, according to the Form-4 filing with the securities and exchange commission.
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.