Travelers Cos Inc/The (TRV) Valuation Declined While James Investment Research INC Lowered Its Stake

June 19, 2017 - By Henry Gaston

James Investment Research Inc decreased its stake in Travelers Cos Inc/The (TRV) by 32.7% based on its latest 2016Q4 regulatory filing with the SEC. James Investment Research Inc sold 268,038 shares as the company’s stock declined 0.95% while stock markets rallied. The institutional investor held 551,663 shares of the finance company at the end of 2016Q4, valued at $67.54M, down from 819,701 at the end of the previous reported quarter. James Investment Research Inc who had been investing in Travelers Cos Inc/The for a number of months, seems to be less bullish one the $36.23B market cap company. The stock declined 0.15% or $0.2 reaching $129.23 per share. About 32 shares traded. Travelers Companies Inc (NYSE:TRV) has risen 9.71% since June 19, 2016 and is uptrending. It has underperformed by 6.99% the S&P500.

James Investment Research Inc, which manages about $5.64 billion and $3.87B US Long portfolio, upped its stake in Diamond Offshore Drilling (NYSE:DO) by 397,172 shares to 789,412 shares, valued at $13.97M in 2016Q4, according to the filing. It also increased its holding in Best Buy Inc (NYSE:BBY) by 107,991 shares in the quarter, for a total of 760,332 shares, and has risen its stake in Culp Inc (NYSE:CFI).

Analysts expect Travelers Companies Inc (NYSE:TRV) to report $2.14 EPS on July, 20 before the open.They anticipate $0.06 EPS change or 2.73 % from last quarter’s $2.2 EPS. TRV’s profit would be $599.83 million giving it 15.06 P/E if the $2.14 EPS is correct. After having $2.16 EPS previously, Travelers Companies Inc’s analysts see -0.93 % EPS growth.

More notable recent Travelers Companies Inc (NYSE:TRV) news were published by: Businesswire.com which released: “Travelers Publishes its 2016 Community Giving Report” on June 12, 2017, also Valuewalk.com with their article: “Travelers Companies Inc (TRV) Dividend Stock Analysis” published on May 30, 2017, Seekingalpha.com published: “Travelers Inc.: Keep An Eye On The Valuation” on June 15, 2017. More interesting news about Travelers Companies Inc (NYSE:TRV) were released by: Zacks.com and their article: “Why Is Travelers Companies (TRV) Up 1.6% Since the Last Earnings Report?” published on May 23, 2017 as well as Nasdaq.com‘s news article titled: “The Travelers Companies, Inc. (TRV) Ex-Dividend Date Scheduled for June 07, 2017” with publication date: June 06, 2017.

Travelers Companies Inc (NYSE:TRV) Ratings Coverage

Among 12 analysts covering Travelers (NYSE:TRV), 6 have Buy rating, 3 Sell and 3 Hold. Therefore 50% are positive. Travelers had 25 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Thursday, December 3. The stock of Travelers Companies Inc (NYSE:TRV) earned “Neutral” rating by Citigroup on Wednesday, October 21. The stock of Travelers Companies Inc (NYSE:TRV) has “Outperform” rating given on Tuesday, January 17 by Macquarie Research. As per Thursday, January 5, the company rating was downgraded by Morgan Stanley. On Tuesday, May 23 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock has “Mkt Perform” rating by FBR Capital on Monday, February 13. On Thursday, December 1 the stock rating was upgraded by Citigroup to “Buy”. The stock has “Sell” rating by Goldman Sachs on Tuesday, January 10. The firm earned “Outperform” rating on Friday, January 22 by RBC Capital Markets. The company was maintained on Friday, July 22 by RBC Capital Markets.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.