Massachusetts Financial Services Co. MA Has $1.46 Billion Position in The Travelers Companies, Inc. $TRV

Massachusetts Financial Services Co. MA trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,474,134 shares of the insurance provider’s stock after selling 378,781 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.43% of Travelers Companies worth $1,464,550,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Travelers Companies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock worth $5,747,656,000 after buying an additional 115,808 shares during the period. Geode Capital Management LLC increased its stake in Travelers Companies by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock valued at $1,481,805,000 after purchasing an additional 54,363 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after buying an additional 3,611,758 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Travelers Companies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock worth $899,988,000 after buying an additional 25,573 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Travelers Companies by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after buying an additional 390,104 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.2%

TRV stock opened at $286.95 on Friday. The stock has a fifty day moving average of $275.29 and a 200-day moving average of $269.61. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $290.61. The company has a market capitalization of $64.01 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 2.38 and a beta of 0.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter last year, the business earned $5.24 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Insider Buying and Selling

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the sale, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,195 shares of company stock valued at $15,042,229 in the last ninety days. 1.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

TRV has been the topic of several recent research reports. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley lifted their target price on Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Wolfe Research initiated coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Piper Sandler increased their target price on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Finally, Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $291.31.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.