Massachusetts Financial Services Co. MA Has $1.55 Billion Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Massachusetts Financial Services Co. MA lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,852,915 shares of the insurance provider's stock after selling 183,746 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.58% of Travelers Companies worth $1,547,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC raised its position in shares of Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares during the period. Putney Financial Group LLC bought a new position in Travelers Companies during the fourth quarter worth $26,000. Ameriflex Group Inc. bought a new position in Travelers Companies during the fourth quarter worth $26,000. Kapitalo Investimentos Ltda bought a new position in Travelers Companies during the fourth quarter worth $30,000. Finally, Wood Tarver Financial Group LLC bought a new position in Travelers Companies during the fourth quarter worth $33,000. Institutional investors own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 20,286 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares of the company's stock, valued at approximately $7,365,363.36. This trade represents a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 36,199 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the sale, the executive vice president directly owned 118,116 shares of the company's stock, valued at $32,387,407.20. This represents a 23.46% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of recent research reports. Evercore ISI lifted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $280.00 to $274.00 in a report on Monday, July 7th. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. UBS Group reduced their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Finally, HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average price target of $271.00.

Travelers Companies Stock Down 1.9%

Shares of TRV traded down $4.95 on Tuesday, hitting $250.52. The company's stock had a trading volume of 1,424,773 shares, compared to its average volume of 1,287,678. The firm has a market capitalization of $56.58 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 3.73 and a beta of 0.51. The Travelers Companies, Inc. has a fifty-two week low of $202.95 and a fifty-two week high of $277.83. The firm's fifty day moving average price is $266.51 and its 200-day moving average price is $255.94. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. During the same period last year, the business earned $4.69 EPS. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a dividend of $1.10 per share. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Travelers Companies 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.