First Republic Investment Management Lowers stake in Travelers Companies Inc (TRV)

Travelers Companies Inc (TRV) : First Republic Investment Management reduced its stake in Travelers Companies Inc by 0.16% during the most recent quarter end. The investment management company now holds a total of 532,427 shares of Travelers Companies Inc which is valued at $59,727,661 after selling 833 shares in Travelers Companies Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Travelers Companies Inc makes up approximately 0.55% of First Republic Investment Management’s portfolio.

Other Hedge Funds, Including , Northwestern Mutual Wealth Management Co reduced its stake in TRV by selling 1,429 shares or 7.16% in the most recent quarter. The Hedge Fund company now holds 18,537 shares of TRV which is valued at $2,079,481. Travelers Companies Inc makes up approx 0.03% of Northwestern Mutual Wealth Management Co’s portfolio.Tiaa Cref Investment Management reduced its stake in TRV by selling 209,721 shares or 13.06% in the most recent quarter. The Hedge Fund company now holds 1,396,565 shares of TRV which is valued at $147,142,088. Travelers Companies Inc makes up approx 0.11% of Tiaa Cref Investment Management’s portfolio.Montecito Bank Trust boosted its stake in TRV in the latest quarter, The investment management firm added 1,421 additional shares and now holds a total of 8,560 shares of Travelers Companies Inc which is valued at $904,963. Travelers Companies Inc makes up approx 0.39% of Montecito Bank Trust’s portfolio.Beck Mack Oliver reduced its stake in TRV by selling 800 shares or 8.43% in the most recent quarter. The Hedge Fund company now holds 8,694 shares of TRV which is valued at $940,517. Travelers Companies Inc makes up approx 0.03% of Beck Mack Oliver’s portfolio.Nelson Roberts Investment Advisors boosted its stake in TRV in the latest quarter, The investment management firm added 333 additional shares and now holds a total of 55,601 shares of Travelers Companies Inc which is valued at $6,028,816. Travelers Companies Inc makes up approx 2.17% of Nelson Roberts Investment Advisors’s portfolio.

Travelers Companies Inc opened for trading at $111.25 and hit $112.12 on the upside on Monday, eventually ending the session at $111.82, with a gain of 0.58% or 0.64 points. The heightened volatility saw the trading volume jump to 17,18,010 shares. Company has a market cap of $31,763 M.

On the company’s financial health, Travelers Companies Inc reported $2.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $2.36. The company had revenue of $6389.00 million for the quarter, compared to analysts expectations of $6209.70 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.93 EPS.

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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