Apg Asset Management Nv Cut Holding in Travelers Companies INC (TRV) as Stock Price Rose

April 17, 2018 - By Henry Gaston

The Travelers Companies, Inc. (NYSE:TRV) Logo

Apg Asset Management Nv decreased its stake in Travelers Companies Inc (TRV) by 15.1% based on its latest 2017Q4 regulatory filing with the SEC. Apg Asset Management Nv sold 413,000 shares as the company’s stock rose 1.76% while stock markets declined. The institutional investor held 2.32M shares of the finance company at the end of 2017Q4, valued at $262.32M, down from 2.74M at the end of the previous reported quarter. Apg Asset Management Nv who had been investing in Travelers Companies Inc for a number of months, seems to be less bullish one the $37.12 billion market cap company. The stock decreased 0.15% or $0.21 during the last trading session, reaching $137.34. About 1.80M shares traded. The Travelers Companies, Inc. (NYSE:TRV) has risen 13.01% since April 17, 2017 and is uptrending. It has outperformed by 1.46% the S&P500.

Apg Asset Management Nv, which manages about $54.61B US Long portfolio, upped its stake in Centerpoint Energy Inc (NYSE:CNP) by 1.75 million shares to 8.97M shares, valued at $211.82M in 2017Q4, according to the filing. It also increased its holding in Jpmorgan Chase & Co (NYSE:JPM) by 1.05 million shares in the quarter, for a total of 7.38 million shares, and has risen its stake in Spirit Aerosystems Hldgs Inc (NYSE:SPR).

Analysts await The Travelers Companies, Inc. (NYSE:TRV) to report earnings on April, 19. They expect $2.80 EPS, up 29.63 % or $0.64 from last year’s $2.16 per share. TRV’s profit will be $756.68 million for 12.26 P/E if the $2.80 EPS becomes a reality. After $2.28 actual EPS reported by The Travelers Companies, Inc. for the previous quarter, Wall Street now forecasts 22.81 % EPS growth.

The Travelers Companies, Inc. (NYSE:TRV) Ratings Coverage

Among 12 analysts covering Travelers Companies (NYSE:TRV), 4 have Buy rating, 2 Sell and 6 Hold. Therefore 33% are positive. Travelers Companies had 16 analyst reports since October 19, 2017 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Tuesday, February 20 by Barclays Capital. The rating was maintained by Keefe Bruyette & Woods on Tuesday, January 23 with “Buy”. The company was maintained on Tuesday, January 23 by RBC Capital Markets. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, January 24 report. The stock has “Neutral” rating by Atlantic Securities on Friday, January 26. The firm has “Buy” rating given on Tuesday, March 27 by Citigroup. The rating was maintained by UBS on Wednesday, November 1 with “Neutral”. The rating was maintained by FBR Capital with “Hold” on Monday, April 16. The firm has “Hold” rating by Sandler O’Neill given on Tuesday, January 23. Citigroup maintained it with “Buy” rating and $151 target in Friday, October 20 report.

The Travelers Companies, Inc. (NYSE:TRV) Ratings Chart

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