Baldwin Brothers Inc. MA Cuts Position in Travelers Companies Inc (TRV)

Travelers Insurance

MA now owns 12,951,653 shares of the company's stock worth $1,541,765,000 after buying an additional 177,858 shares during the last quarter. MA boosted its stake in shares of The Travelers Companies by 1.4% in the second quarter. BlackRock Fund Advisors now owns 4,343,515 shares of the company's stock worth $497,550,000 after buying an additional 168,866 shares during the period. On Tuesday, June 28 the stock rating was upgraded by Bank of America to "Buy". AQR Capital Management LLC now owns 2,765,369 shares of the insurance provider's stock worth $338,536,000 after buying an additional 101,889 shares in the last quarter.

Travelers Companies (NYSE:TRV) traded down 0.77% during midday trading on Monday, reaching $120.53. On the bright side, the company's share price has been on the rebound, up more than 19.27% since hitting lows of $102.29 on November 09, 2016. After a recent look, shares have been seen 3.38% from the 200-day moving average, and -0.75% from the 50-day moving average. Travelers Companies has a 52 week low of $103.45 and a 52 week high of $125.49.

Through Wednesday's close, Travelers stock had risen 1.7 percent so far this year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Comparatively, PIR posted earnings of $0.03 per share in the same quarter, a year earlier. The firm had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.99 billion. (NYSE:TRV) yearly performance is 5.93% and net profit margin is 10.80%.

First quarter segment income for Business and International Insurance in 2017 was US$468 million after-tax, a decrease of US$8 million, primarily driven by a decrease in net favourable prior-year reserve development due to a US$51 million after-tax (US$62 million pre-tax) increase in reserves related to the recent Ogden discount rate adjustment, a lower underlying underwriting gain, partially offset by higher net investment income and modestly lower catastrophe losses as compared to a particularly high level of catastrophe losses in the prior-year quarter. The research firm, a unit of Accern, identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Analysts anticipate that Travelers Companies Inc will post $9.48 earnings per share for the current year. This is a 7.5% increase over its previous quarterly dividend. Stockholders of record on Friday, March 10th were paid a $0.67 dividend.

The stock now has its Annual Dividend of $2.68 and an annual Dividend Yield of 2.22 Percent. The ex-dividend date of this dividend was Wednesday, March 8th.

01/06/2017 - The Travelers Companies, Inc. was downgraded to " by analysts at Atlantic Equities.

COPYRIGHT VIOLATION WARNING: "Baldwin Brothers Inc".

13 analysts on average are expecting the company to report revenue of $412.25 Million for the current quarter. If you are reading this news story on another website, it was copied illegally and republished in violation of US and global trademark & copyright legislation. The correct version of this news story can be read at https://transcriptdaily.com/2017/04/19/baldwin-brothers-inc-ma-cuts-position-in-travelers-companies-inc-trv.html. Following the completion of the transaction, the director now owns 22,443 shares in the company, valued at approximately $2,405,665.17. Macquarie upgraded Travelers Companies from an "underperform" rating to an "outperform" rating in a research note on Tuesday, January 17th. They noted that the move was a valuation call.

10/26/2015 - The Travelers Companies, Inc. had its "buy" rating reiterated by analysts at Argus.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms.

In other news, CEO Alan D. Schnitzer sold 75,121 shares of the business's stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $119.57, for a total transaction of $1,315,270.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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