First Wilshire Securities Management Inc Lowers stake in Travelers Companies Inc (TRV)

Travelers Companies Inc (TRV) : First Wilshire Securities Management Inc reduced its stake in Travelers Companies Inc by 4.36% during the most recent quarter end. The investment management company now holds a total of 68,160 shares of Travelers Companies Inc which is valued at $8,077,642 after selling 3,110 shares in Travelers Companies Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Travelers Companies Inc makes up approximately 2.39% of First Wilshire Securities Management Inc’s portfolio.

Other Hedge Funds, Including , Northern Oak Wealth Management Inc reduced its stake in TRV by selling 90 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 5,285 shares of TRV which is valued at $626,325. Travelers Companies Inc makes up approx 0.14% of Northern Oak Wealth Management Inc’s portfolio.Martingale Asset Management L P boosted its stake in TRV in the latest quarter, The investment management firm added 28,406 additional shares and now holds a total of 212,861 shares of Travelers Companies Inc which is valued at $25,226,157. Travelers Companies Inc makes up approx 0.41% of Martingale Asset Management L P’s portfolio.Barrow Hanley Mewhinney Strauss reduced its stake in TRV by selling 225,197 shares or 34.21% in the most recent quarter. The Hedge Fund company now holds 433,117 shares of TRV which is valued at $51,367,676. Travelers Companies Inc makes up approx 0.08% of Barrow Hanley Mewhinney Strauss’s portfolio.Reilly Financial Advisors boosted its stake in TRV in the latest quarter, The investment management firm added 1,183 additional shares and now holds a total of 10,827 shares of Travelers Companies Inc which is valued at $1,277,369. Travelers Companies Inc makes up approx 0.23% of Reilly Financial Advisors’s portfolio.

Travelers Companies Inc opened for trading at $118.49 and hit $118.8675 on the upside on Wednesday, eventually ending the session at $118.68, with a gain of 0.05% or 0.06 points. The heightened volatility saw the trading volume jump to 1,149,599 shares. Company has a market cap of $34,213 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.

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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