Massachusetts Financial Services Co. MA Sells 99,102 Shares of The Travelers Companies, Inc. $TRV

by · The Cerbat Gem

Massachusetts Financial Services Co. MA trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,375,032 shares of the insurance provider’s stock after selling 99,102 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.41% of Travelers Companies worth $1,500,816,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new position in Travelers Companies during the 4th quarter valued at $276,000. Swedbank AB boosted its holdings in Travelers Companies by 10.0% in the 2nd quarter. Swedbank AB now owns 140,534 shares of the insurance provider’s stock valued at $37,598,000 after purchasing an additional 12,778 shares during the period. Wedmont Private Capital increased its holdings in shares of Travelers Companies by 6.4% during the 2nd quarter. Wedmont Private Capital now owns 3,170 shares of the insurance provider’s stock worth $809,000 after purchasing an additional 192 shares during the period. Finally, NorthCrest Asset Manangement LLC grew its position in Travelers Companies by 18.6% during the second quarter. NorthCrest Asset Manangement LLC now owns 1,584 shares of the insurance provider’s stock worth $418,000 after buying an additional 248 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

Travelers Companies stock opened at $269.03 on Friday. The business’s fifty day moving average is $286.41 and its two-hundred day moving average is $275.31. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $60.01 billion, a P/E ratio of 10.58, a P/E/G ratio of 2.57 and a beta of 0.52. The Travelers Companies, Inc. has a 52 week low of $230.43 and a 52 week high of $296.85.

Travelers Companies (NYSE:TRV – Get Free Report) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the previous year, the business posted $5.24 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the sale, the executive vice president owned 117,596 shares of the company’s stock, valued at $34,776,665.08. This trade represents a 7.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 1,803 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $289.55, for a total value of $522,058.65. Following the transaction, the insider directly owned 255,086 shares in the company, valued at approximately $73,860,151.30. This represents a 0.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 46,295 shares of company stock valued at $13,011,918 over the last three months. 1.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRV. Zacks Research downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Jefferies Financial Group raised shares of Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings raised shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 12th. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $305.00 to $317.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Finally, Morgan Stanley lifted their price objective on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $299.69.

Check Out Our Latest Report on Travelers Companies

About Travelers Companies

(Free Report)

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.

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