Travelers Companies Inc (TRV) : Garland Capital Management Inc reduced its stake in Travelers Companies Inc by 1.09% during the most recent quarter end. The investment management company now holds a total of 40,800 shares of Travelers Companies Inc which is valued at $4,774,008 after selling 450 shares in Travelers Companies Inc , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Travelers Companies Inc makes up approximately 3.68% of Garland Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Regentatlantic Capital reduced its stake in TRV by selling 266 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 84,230 shares of TRV which is valued at $9,855,752. Travelers Companies Inc makes up approx 0.92% of Regentatlantic Capital’s portfolio.Murphy Pohlad Asset Management reduced its stake in TRV by selling 400 shares or 2.75% in the most recent quarter. The Hedge Fund company now holds 14,145 shares of TRV which is valued at $1,669,110. Travelers Companies Inc makes up approx 1.21% of Murphy Pohlad Asset Management’s portfolio.Davenport Co reduced its stake in TRV by selling 60 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 3,448 shares of TRV which is valued at $406,864. Travelers Companies Inc makes up approx 0.01% of Davenport Co’s portfolio. Quotient Investors added TRV to its portfolio by purchasing 3,500 company shares during the most recent quarter which is valued at $413,000. Travelers Companies Inc makes up approx 0.19% of Quotient Investors’s portfolio.
Travelers Companies Inc closed down -0.04 points or -0.03% at $117.01 with 16,62,531 shares getting traded on Wednesday. Post opening the session at $117.45, the shares hit an intraday low of $116.94 and an intraday high of $117.65 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.
Many Wall Street Analysts have commented on Travelers Companies Inc. Travelers Companies Inc was Upgraded by BofA/Merrill to ” Buy” on Jun 28, 2016. 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.