Travelers Companies Inc (TRV) : Marathon Asset Management Llp scooped up 21,815 additional shares in Travelers Companies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 14, 2016. The investment management firm now holds a total of 1,138,351 shares of Travelers Companies Inc which is valued at $133,619,640.Travelers Companies Inc makes up approximately 2.76% of Marathon Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Balasa Dinverno Foltz boosted its stake in TRV in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 3,754 shares of Travelers Companies Inc which is valued at $440,645. Travelers Companies Inc makes up approx 0.08% of Balasa Dinverno Foltz’s portfolio.Foundry Partners boosted its stake in TRV in the latest quarter, The investment management firm added 9,950 additional shares and now holds a total of 176,296 shares of Travelers Companies Inc which is valued at $20,802,928. Travelers Companies Inc makes up approx 1.95% of Foundry Partners’s portfolio.Next Financial Group Inc boosted its stake in TRV in the latest quarter, The investment management firm added 154 additional shares and now holds a total of 2,653 shares of Travelers Companies Inc which is valued at $313,266. Travelers Companies Inc makes up approx 0.10% of Next Financial Group Inc’s portfolio.Centurylink Investment Management Co reduced its stake in TRV by selling 98 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 16,341 shares of TRV which is valued at $1,929,545. Travelers Companies Inc makes up approx 0.68% of Centurylink Investment Management Co’s portfolio. Pensionfund Sabic added TRV to its portfolio by purchasing 17,000 company shares during the most recent quarter which is valued at $2,017,560. Travelers Companies Inc makes up approx 0.61% of Pensionfund Sabic’s portfolio.
Travelers Companies Inc closed down -1.26 points or -1.06% at $117.38 with 20,37,175 shares getting traded on Monday. Post opening the session at $118.49, the shares hit an intraday low of $117.36 and an intraday high of $118.86 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.
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.