Revenue Update on Travelers Companies Inc(NYSE:TRV)

Travelers Companies Inc(NYSE:TRV) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $6.79B. Analysts estimated a revenue of $6.37B. Earnings per share were $2.20. Analysts had estimated an EPS of $2.14.

In a different note, On Jun 28, 2016, Bank of America said it Upgrades its rating on Travelers Companies Inc. The shares have been rated ‘Buy’ by the firm. On Apr 27, 2016, Argus Research said it Downgrades its rating on Travelers Companies Inc. The shares have been rated ‘Hold’ by the firm. On Apr 26, 2016, Goldman Sachs said it Maintains its rating on Travelers Companies Inc. In the research note, the firm Raises the price-target to $114.00 per share. The shares have been rated ‘Neutral’ by the firm.

Travelers Companies Inc (TRV) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -0.03% at a volume of 16,62,531. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $117.65. The peak price level was also seen at $117.65 while the days lowest was $116.94. Finally the shares closed at $117.01. The 52-week high of the shares is $119.3 while the 52-week low is $95.21. According to the latest information available, the market cap of the company is $34,213 M.

Several Insider Transactions has been reported to the SEC. On Jul 12, 2016, Jay S Benet (Vice Chairman and CFO) sold 5,797 shares at $118.12 per share price.Also, On Jun 2, 2016, William H Heyman (Vice Chairman & Chief Inv Off) sold 1,000 shares at $114.50 per share price.On May 27, 2016, John P Jr Clifford (EVP, Human Resources) sold 15,798 shares at $113.47 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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