The Travelers Companies Inc (NYSE:TRV).
Raymond James & Associates sold 18,544 shares in quarter ending 09/30/2017 decreasing its exposure to The Travelers Companies Inc by 5.3%. Its investment stood at $40,411,000 a decrease of $3,669,000 as of the end of the quarter.
These firms have modified their investment in TRV. As of the end of the quarter Tredje Ap-fonden had disposed of 8,440 shares trimming its position 16.0%. The value of the investment in The Travelers Companies Inc decreased from $6,703,000 to $5,411,000 a change of 19.3% since the last quarter. As of quarter end Raymond James & Associates had sold a total of 18,544 shares trimming its stake by 5.3%. The value in dollars went from $44,080,000 to $40,411,000 decreasing 8.3% quarter to quarter.
Raymond James & Associates reduced its holdings by shedding 18,544 shares a decrease of 5.3%. Raymond James & Associates currently owns 329,829 shares valued at $40,411,000. The value of the position overall is down by 8.3%. As of the end of the quarter Great Lakes Advisors, LLC had disposed of 34,727 shares trimming its holdings by 36.9%. The value of the investment in (TRV) decreased from $11,907,000 to $7,275,000 a change of $4,632,000 quarter over quarter.
Baird Financial Group, Inc. cut its ownership by selling 632 shares a decrease of 0.7% in the quarter. Baird Financial Group, Inc. now holds 92,146 shares with a value of $11,290,000. The total value of its holdings decreased 3.8%.
Equity analyst Argus raised the price target of the stock on October 23 boosting the projection from $139.00 to $145.00 and issued a “Positive” rating. Morgan Stanley raised the price target on October 20 changing the price objective from $119.00 to $124.00 with a “Underweight” recommendation.
Equity analyst Royal Bank Of Canada raised the price target on October 20 changing the forecast from $0.00 to $140.00 and stated a “Outperform” rating. Equity analyst Citigroup raised the price target of the stock on October 20 boosting the projection from $143.00 to $151.00 and issued a “Buy” recommendation.
On October 19 analysts at Wells Fargo & Company released guidance on TRV with a rating of “Hold” and price target of $125.00.
The company is down by 0.10% percent from yesterday’s close. The Travelers Companies Inc’s P/E ratio is 15.47 and the market cap is 36.60B. In the last earnings report the EPS was $8.65 with 273.70M shares outstanding.
Traders are more bearish on the company if you watch the rise in short interest. The stock saw a rise in short interest of 7.69% as of the latest report on October 13, 2017. Short interest grew from 5,419,561 to 5,836,103 over that timeframe. The days to cover increased to 6.0 and the percentage of shorted shares is 0.02% as of October 13.