Twin Capital Management Inc Lowers stake in Travelers Companies Inc (TRV)

Travelers Companies Inc (TRV) : Twin Capital Management Inc reduced its stake in Travelers Companies Inc by 9.47% during the most recent quarter end. The investment management company now holds a total of 88,810 shares of Travelers Companies Inc which is valued at $10,532,866 after selling 9,290 shares in Travelers Companies Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Travelers Companies Inc makes up approximately 0.76% of Twin Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Gerstein Fisher reduced its stake in TRV by selling 1,680 shares or 10.44% in the most recent quarter. The Hedge Fund company now holds 14,406 shares of TRV which is valued at $1,708,552. Travelers Companies Inc makes up approx 0.22% of Gerstein Fisher’s portfolio.Intrust Bank Na reduced its stake in TRV by selling 32 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 2,116 shares of TRV which is valued at $249,646. Travelers Companies Inc makes up approx 0.10% of Intrust Bank Na’s portfolio.California State Teachers Retirement System reduced its stake in TRV by selling 7,659 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 636,786 shares of TRV which is valued at $75,128,012. Travelers Companies Inc makes up approx 0.16% of California State Teachers Retirement System’s portfolio. Seabridge Investment Advisors sold out all of its stake in TRV during the most recent quarter. The investment firm sold 4 shares of TRV which is valued $469.Goelzer Investment Management boosted its stake in TRV in the latest quarter, The investment management firm added 183 additional shares and now holds a total of 49,223 shares of Travelers Companies Inc which is valued at $5,766,474. Travelers Companies Inc makes up approx 0.77% of Goelzer Investment Management’s portfolio.

Travelers Companies Inc closed down -0.16 points or -0.14% at $118.35 with 10,29,741 shares getting traded on Monday. Post opening the session at $118.58, the shares hit an intraday low of $118.08 and an intraday high of $118.75 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 $2.20 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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