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

Massachusetts Financial Services Co. MA lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,266,584 shares of the insurance provider's stock after selling 378,035 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.18% of Travelers Companies worth $1,384,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Command Advisory Services Inc. bought a new position in shares of Travelers Companies in the third quarter valued at $26,000. Northwest Financial Advisors acquired a new position in shares of Travelers Companies in the 4th quarter valued at $32,000. AM Squared Ltd increased its stake in Travelers Companies by 100.0% in the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider's stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in Travelers Companies during the 4th quarter worth about $40,000. Finally, OLD Second National Bank of Aurora purchased a new stake in Travelers Companies during the fourth quarter valued at about $41,000. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling

In other news, CFO Daniel S. Frey sold 5,000 shares of the firm's stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares of the company's stock, valued at $3,941,843.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares of the company's stock, valued at approximately $1,298,106. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the business's stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the transaction, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 in the last quarter. 1.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TRV. StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Sunday, May 5th. Keefe, Bruyette & Woods cut their target price on shares of Travelers Companies from $241.00 to $231.00 and set a "market perform" rating on the stock in a research note on Thursday, April 18th. Citigroup increased their target price on Travelers Companies from $215.00 to $226.00 and gave the company a "neutral" rating in a report on Tuesday, April 16th. TD Cowen lowered their price target on Travelers Companies from $261.00 to $252.00 and set a "buy" rating on the stock in a report on Tuesday, April 23rd. Finally, UBS Group reduced their price objective on Travelers Companies from $237.00 to $230.00 and set a "neutral" rating for the company in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Travelers Companies presently has an average rating of "Hold" and an average target price of $222.65.

Travelers Companies Stock Down 0.4 %

NYSE TRV traded down $0.92 during trading on Friday, hitting $218.50. 820,478 shares of the company traded hands, compared to its average volume of 1,456,777. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The business has a fifty day simple moving average of $220.54 and a 200 day simple moving average of $202.29. The company has a market capitalization of $50.03 billion, a P/E ratio of 16.23, a PEG ratio of 1.13 and a beta of 0.60. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts' consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the previous year, the business posted $4.11 earnings per share. The firm's revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.81 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 1.92%. Travelers Companies's dividend payout ratio (DPR) is presently 29.72%.

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.

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