Travelers Companies Inc (TRV) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 125 from a previous price target of $120 . RBC Capital Mkts advised their investors in a research report released on Jul 22, 2016.
Many Wall Street Analysts have commented on Travelers Companies Inc. Travelers Companies Inc was Upgraded by BofA/Merrill to ” Buy” on Jun 28, 2016.
On the company’s financial health, Travelers Companies Inc reported $2.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $2.05. The company had revenue of $6067.00 million for the quarter, compared to analysts expectations of $6131.06 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.52 EPS.
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.
Investors should note that on Jul 21, 2016, Travelers Companies Inc announced a cash dividend of $0.6700. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 30, 2016.
In a different news, on Jul 12, 2016, Jay S Benet (Vice Chairman and CFO) sold 5,797 shares at $118.12 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.