Barclays Maintains Travelers Companies Inc to Equal-weight with Price Target $109.00

Brokerage firm Barclays Maintains its rating on Travelers Companies Inc(NYSE:TRV). In a research note issued to the investors, the brokerage major Raises the price-target to $109.00 per share. The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 30, 2016.

Travelers Companies Inc (TRV) shares turned negative on Tuesdays trading session with the shares closing down -0.68 points or -0.60% at a volume of 15,32,680. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $113.31. The peak price level was also seen at $113.31 while the days lowest was $111.27. Finally the shares closed at $112.32. The 52-week high of the shares is $119.32 while the 52-week low is $100.48. According to the latest information available, the market cap of the company is $32,380 M.

Travelers Companies Inc(TRV) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $6.79B. Analysts had an estimated revenue of $6.37B. Earnings per share were $2.20. Analysts had estimated an EPS of $2.14.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, William H Heyman (Vice Chairman & Chief Inv Off) sold 4,246 shares at $118.99 per share price.Also, On Aug 30, 2016, Jay S Benet (Vice Chairman and CFO) sold 5,808 shares at $118.41 per share price.On Aug 11, 2016, Philip T Iii Ruegger (director) purchased 1,700 shares at $117.95 per share price, according to the Form-4 filing with the securities and exchange commission.

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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