Travelers Companies Inc (TRV) : Allianz Asset Management Ag reduced its stake in Travelers Companies Inc by 10.52% during the most recent quarter end. The investment management company now holds a total of 4,762,193 shares of Travelers Companies Inc which is valued at $564,367,492 after selling 559,687 shares in Travelers Companies Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Travelers Companies Inc makes up approximately 0.78% of Allianz Asset Management Ag’s portfolio.
Other Hedge Funds, Including , Argentus Capital Management reduced its stake in TRV by selling 68 shares or 72.34% in the most recent quarter. The Hedge Fund company now holds 26 shares of TRV which is valued at $3,081.Bsw Wealth Partners reduced its stake in TRV by selling 224 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 6,427 shares of TRV which is valued at $761,664. Travelers Companies Inc makes up approx 0.40% of Bsw Wealth Partners’s portfolio.Fmr reduced its stake in TRV by selling 169,010 shares or 3.74% in the most recent quarter. The Hedge Fund company now holds 4,349,523 shares of TRV which is valued at $515,461,971. Travelers Companies Inc makes up approx 0.07% of Fmr’s portfolio.Penobscot Investment Management Company boosted its stake in TRV in the latest quarter, The investment management firm added 296 additional shares and now holds a total of 7,655 shares of Travelers Companies Inc which is valued at $889,664. Travelers Companies Inc makes up approx 0.31% of Penobscot Investment Management Company’s portfolio.Winslow Evans Crocker reduced its stake in TRV by selling 960 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 38,590 shares of TRV which is valued at $4,520,819. Travelers Companies Inc makes up approx 1.31% of Winslow Evans Crocker’s portfolio.
Travelers Companies Inc opened for trading at $117.63 and hit $118.72 on the upside on Monday, eventually ending the session at $118.48, with a gain of 1.14% or 1.34 points. The heightened volatility saw the trading volume jump to 12,77,833 shares. Company has a market cap of $34,156 M.
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.
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.
Many Wall Street Analysts have commented on Travelers Companies Inc. Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 125 from a previous price target of $120 .Travelers Companies Inc was Upgraded by BofA/Merrill to ” Buy” on Jun 28, 2016.
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.