06/28/2016 - The Travelers Companies, Inc. was upgraded to " by analysts at Bank of America Merrill Lynch. (NYSE:TRV) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. State Street Corp now owns 18,645,754 shares of the insurance provider's stock worth $2,282,612,000 after buying an additional 1,597,047 shares during the period. Inc. holds 0.71% of its portfolio in Luna Innovations Incorporated for 291,242 shares.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. This is a boost from The Travelers Companies's previous quarterly dividend of $0.67. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider's stock valued at $416,000 after buying an additional 9 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of The Travelers Companies during the fourth quarter valued at approximately $1,535,000. AQR Capital Management LLC increased its stake in shares of The Travelers Companies by 3.8% in the fourth quarter. First Interstate Bank now owns 11,738 shares of the insurance provider's stock valued at $1,437,000 after buying an additional 9,210 shares during the last quarter. The fund owned 9,900 shares of the insurance provider's stock at the end of the first quarter. Northern Oak Wealth Management Inc. raised its position in The Travelers Companies by 0.5% in the first quarter. Balentine LLC now owns 1,404 shares of the insurance provider's stock worth $169,000 after buying an additional 27 shares in the last quarter. The current share price indicates that stock is 1.48% away from its one year high and is moving 23.69% ahead of its 52-week low. (NYSE:TRV) opened at 125.23 on Monday. The company has market cap of $36.35 billion.
Leavell Investment Management Inc increased Qualcomm Inc (NASDAQ:QCOM) stake by 15,318 shares to 30,935 valued at $2.02M in 2016Q4. The company has a 50-day moving average of $122.53 and a 200-day moving average of $120.69.
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In related news, EVP John P. Clifford, Jr. sold 5,500 shares of The Travelers Companies stock in a transaction on Friday, May 5th. They expect $2.14 earnings per share, down 2.73% or $0.06 from last year's $2.2 per share. (NYSE:TRV) yearly performance is 13.69% and net profit margin is 10.50%. Revenue for the quarter also killed consensus, coming in at $6.5B, compared to the consensus of 6.32B. On average, equities research analysts predict that The Travelers Companies, Inc. will post $9.23 earnings per share for the current year. Stockholders of record on Friday, June 9th will be given a $0.72 dividend. The ex-dividend date will be Wednesday June 7th, 2017.
Among 12 analysts covering Travelers (NYSE:TRV), 6 have Buy rating, 3 Sell and 3 Hold. This represents a $2.88 annualized dividend and a dividend yield of 2.25%.
The Travelers Companies, Inc.is a holding company. The Travelers Companies, Inc. Macquarie Research upgraded the stock to "Outperform" rating in Tuesday, January 17 report. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of USA and worldwide copyright and trademark law. The stock of Travelers Companies Inc (NYSE:TRV) has "Outperform" rating given on Friday, January 22 by RBC Capital Markets. Goldman Sachs maintained the shares of TRV in report on Tuesday, April 26 with "Neutral" rating. Citigroup Inc. raised their price target on shares of The Travelers Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Friday, April 7th. Barclays PLC reiterated a "hold" rating and issued a $119.00 price objective on shares of The Travelers Companies in a research note on Sunday, February 19th. On December 1 the company was upgraded to "Buy" from "Neutral" with a current price target of $130.00 by Citigroup. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Wood has "Hold" rating and $115 target. In related news, Vice Chairman William H. Heyman sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $121.60, for a total transaction of $1,140,486.40. Following the transaction, the insider now directly owns 82,824 shares in the company, valued at $10,370,393.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Brian W. Maclean sold 87,916 shares of The Travelers Companies stock in a transaction dated Monday, April 24th. Sl Advisors, LLC now owns 6,243 shares valued at $753,000.
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