Massachusetts Financial Services Co. MA Decreases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Massachusetts Financial Services Co. MA cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,920,542 shares of the insurance provider’s stock after selling 173,131 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 3.04% of Travelers Companies worth $1,407,223,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new position in Travelers Companies in the 2nd quarter worth approximately $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies during the 1st quarter valued at $35,000. Beacon Capital Management LLC lifted its holdings in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Travelers Companies in the 1st quarter worth about $42,000. Finally, Tributary Capital Management LLC bought a new stake in shares of Travelers Companies during the first quarter valued at about $45,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $237.83 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $218.12 and a 200-day moving average price of $216.82. The company has a market cap of $54.21 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.62. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $242.89.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.77%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Morgan Stanley dropped their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Barclays initiated coverage on shares of Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price target on the stock. Finally, StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $227.05.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.33% of the company’s stock.

About Travelers Companies

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.