As Travelers Companies (TRV) Stock Price Declined, Old Mutual Global Investors Uk LTD Trimmed Holding; Webster Bank Holding in Exxon Mobil (XOM) Trimmed by $611,120

November 18, 2017 – By Richard Conner

Webster Bank decreased its stake in Exxon Mobil Corp (XOM) by 2.1% based on its latest 2017Q2 regulatory filing with the SEC. Webster Bank sold 7,639 shares as the company’s stock rose 0.21% with the market. The institutional investor held 355,475 shares of the integrated oil company at the end of 2017Q2, valued at $28.70M, down from 363,114 at the end of the previous reported quarter. Webster Bank who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $338.63 billion market cap company. The stock decreased 0.40% or $0.32 on November 17, reaching $80.24. About 9.54 million shares traded or 13.71% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since November 18, 2016 and is downtrending. It has underperformed by 25.78% the S&P500.

Old Mutual Global Investors Uk Ltd decreased its stake in Travelers Companies Inc (TRV) by 58.97% based on its latest 2017Q2 regulatory filing with the SEC. Old Mutual Global Investors Uk Ltd sold 487,848 shares as the company’s stock declined 0.95% while stock markets rallied. The institutional investor held 339,411 shares of the finance company at the end of 2017Q2, valued at $42.95M, down from 827,259 at the end of the previous reported quarter. Old Mutual Global Investors Uk Ltd who had been investing in Travelers Companies Inc for a number of months, seems to be less bullish one the $35.32B market cap company. The stock decreased 0.68% or $0.89 on November 17, reaching $129.92. About 2.37M shares traded or 46.30% up from the average. Travelers Companies Inc (NYSE:TRV) has risen 9.71% since November 18, 2016 and is uptrending. It has underperformed by 6.99% the S&P500.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “Exxon Mobil – Strong Quarter Buoyed By Higher Oil Prices” on October 30, 2017, also Seekingalpha.com with their article: “Exxon Mobil: What Else Did You Expect?” published on October 27, 2017, Seekingalpha.com published: “Exxon Mobil Q3 Earnings Preview” on October 20, 2017. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Nasdaq.com and their article: “Exxon Mobil Corporation (XOM) Ex-Dividend Date Scheduled for November 10, 2017” published on November 09, 2017 as well as Seekingalpha.com‘s news article titled: “Exxon Mobil: Rating Update” with publication date: November 07, 2017.

Webster Bank, which manages about $675.60M US Long portfolio, upped its stake in Invesco Powershares Capital Management Llc (PRF) by 13,587 shares to 30,284 shares, valued at $3.13M in 2017Q2, according to the filing. It also increased its holding in Blackrock Fund Advisors (AAXJ) by 9,452 shares in the quarter, for a total of 27,052 shares, and has risen its stake in Ssga Funds Management Inc (SPY).

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.04, from 0.89 in 2017Q1. It dived, as 48 investors sold XOM shares while 822 reduced holdings. 103 funds opened positions while 639 raised stakes. 2.12 billion shares or 0.55% more from 2.10 billion shares in 2017Q1 were reported. 50,944 are owned by Timber Hill Ltd Liability. Usca Ria Ltd Company invested in 1.06% or 102,660 shares. Montag A And Assocs holds 0.92% in Exxon Mobil Corporation (NYSE:XOM) or 101,368 shares. 29,688 are owned by Bremer Natl Association. Altavista Wealth Management reported 77,478 shares. American Asset Mgmt Inc holds 0.16% or 3,650 shares. Crossvault Capital Mngmt Limited Liability Corporation reported 25,070 shares stake. Mutual Of America Cap Limited Liability invested 0.72% in Exxon Mobil Corporation (NYSE:XOM). Hsbc Public Llc has invested 1% in Exxon Mobil Corporation (NYSE:XOM). Bellecapital Limited holds 0.98% or 13,790 shares in its portfolio. Vista Cap Partners Incorporated invested in 3,792 shares. Eagleclaw Cap Managment Limited Liability Corp stated it has 8,909 shares. Headinvest Ltd Liability Com, Maine-based fund reported 84,989 shares. Cullen Frost Bankers accumulated 878,638 shares or 2.38% of the stock. Moreover, D E Shaw And has 0.07% invested in Exxon Mobil Corporation (NYSE:XOM) for 554,758 shares.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 76 analyst reports since July 22, 2015 according to SRatingsIntel. HSBC downgraded Exxon Mobil Corporation (NYSE:XOM) on Tuesday, November 7 to “Reduce” rating. Macquarie Research initiated Exxon Mobil Corporation (NYSE:XOM) rating on Wednesday, September 23. Macquarie Research has “Underperform” rating and $60 target. The company was downgraded on Wednesday, November 18 by Raymond James. Nomura initiated Exxon Mobil Corporation (NYSE:XOM) on Friday, March 18 with “Reduce” rating. As per Tuesday, July 11, the company rating was upgraded by Barclays Capital. As per Friday, March 18, the company rating was maintained by Goldman Sachs. The firm has “Hold” rating by RBC Capital Markets given on Thursday, July 20. The firm has “Long-Term Buy” rating given on Wednesday, June 7 by Hilliard Lyons. The rating was downgraded by Tudor Pickering to “Sell” on Tuesday, January 26. As per Tuesday, October 24, the company rating was maintained by Cowen & Co.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on January, 30. They expect $0.99 earnings per share, up 10.00% or $0.09 from last year’s $0.9 per share. XOM’s profit will be $4.18 billion for 20.26 P/E if the $0.99 EPS becomes a reality. After $0.93 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

Analysts await Travelers Companies Inc (NYSE:TRV) to report earnings on January, 23. They expect $2.16 earnings per share, down 32.50% or $1.04 from last year’s $3.2 per share. TRV’s profit will be $587.22 million for 15.04 P/E if the $2.16 EPS becomes a reality. After $0.91 actual earnings per share reported by Travelers Companies Inc for the previous quarter, Wall Street now forecasts 137.36% EPS growth.

Among 16 analysts covering Travelers (NYSE:TRV), 6 have Buy rating, 3 Sell and 7 Hold. Therefore 38% are positive. Travelers had 45 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was upgraded by Bank of America on Tuesday, June 28 to “Buy”. On Monday, June 19 the stock rating was downgraded by Bank of America to “Neutral”. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, May 23 report. The stock of Travelers Companies Inc (NYSE:TRV) has “Buy” rating given on Friday, October 20 by Citigroup. UBS maintained the stock with “Neutral” rating in Wednesday, January 27 report. The company was maintained on Friday, July 22 by RBC Capital Markets. Goldman Sachs maintained Travelers Companies Inc (NYSE:TRV) on Tuesday, April 26 with “Neutral” rating. The stock has “Equal-Weight” rating by Barclays Capital on Friday, August 11. Argus Research downgraded the shares of TRV in report on Wednesday, April 27 to “Hold” rating. RBC Capital Markets maintained Travelers Companies Inc (NYSE:TRV) rating on Monday, September 25. RBC Capital Markets has “Buy” rating and $135.0 target.

More news for Travelers Companies Inc (NYSE:TRV) were recently published by: Seekingalpha.com, which released: “Travelers: Update On Intrinsic Value And Catastrophe Exposure” on November 01, 2017. Businesswire.com‘s article titled: “Travelers Announces Results of 2017 Risk Index” and published on October 23, 2017 is yet another important article.

Old Mutual Global Investors Uk Ltd, which manages about $8.25B US Long portfolio, upped its stake in Masimo Corp (NASDAQ:MASI) by 173,518 shares to 569,887 shares, valued at $51.96M in 2017Q2, according to the filing. It also increased its holding in Illinois Tool Wks Inc (NYSE:ITW) by 555,923 shares in the quarter, for a total of 1.03M shares, and has risen its stake in Wal (NYSE:WMT).

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.


Leave a Reply