O’shaughnessy Asset Management Lowers stake in Travelers Companies Inc (TRV)

Travelers Companies Inc (TRV) : O’shaughnessy Asset Management reduced its stake in Travelers Companies Inc by 1.21% during the most recent quarter end. The investment management company now holds a total of 1,276,069 shares of Travelers Companies Inc which is valued at $151,226,937 after selling 15,645 shares in Travelers Companies Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Travelers Companies Inc makes up approximately 3.49% of O’shaughnessy Asset Management’s portfolio.

Other Hedge Funds, Including , Tredje Ap-fonden boosted its stake in TRV in the latest quarter, The investment management firm added 4,531 additional shares and now holds a total of 35,795 shares of Travelers Companies Inc which is valued at $4,242,065. Travelers Companies Inc makes up approx 0.18% of Tredje Ap-fonden’s portfolio.Tower Research Capital (trc) reduced its stake in TRV by selling 9,525 shares or 99.06% in the most recent quarter. The Hedge Fund company now holds 90 shares of TRV which is valued at $10,666.Mayo Investment Advisers reduced its stake in TRV by selling 2,500 shares or 12.5% in the most recent quarter. The Hedge Fund company now holds 17,500 shares of TRV which is valued at $2,075,150. Travelers Companies Inc makes up approx 0.40% of Mayo Investment Advisers’s portfolio.Douglass Winthrop Advisors boosted its stake in TRV in the latest quarter, The investment management firm added 209 additional shares and now holds a total of 5,789 shares of Travelers Companies Inc which is valued at $683,102. Travelers Companies Inc makes up approx 0.05% of Douglass Winthrop Advisors’s portfolio.

Travelers Companies Inc closed down -0.32 points or -0.27% at $116.63 with 8,70,964 shares getting traded on Tuesday. Post opening the session at $117.28, the shares hit an intraday low of $116.61 and an intraday high of $117.7 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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