Massachusetts Financial Services Co. MA Reduces Stock Position 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 10.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,036,661 shares of the insurance provider's stock after selling 736,605 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.66% of Travelers Companies worth $1,454,171,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elevate Capital Advisors LLC purchased a new position in Travelers Companies in the 4th quarter valued at approximately $4,627,000. Erste Asset Management GmbH boosted its holdings in Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock valued at $2,414,000 after purchasing an additional 100 shares during the period. Franklin Resources Inc. grew its stake in Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock worth $32,646,000 after purchasing an additional 38,515 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock worth $4,248,000 after purchasing an additional 4,665 shares during the period. Finally, Czech National Bank raised its position in Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock valued at $11,857,000 after purchasing an additional 2,792 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

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Travelers Companies Stock Performance

TRV traded down $20.46 during trading on Friday, hitting $242.64. The stock had a trading volume of 2,471,769 shares, compared to its average volume of 1,287,448. The firm has a market capitalization of $55.01 billion, a P/E ratio of 11.30, a PEG ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company's 50-day moving average price is $252.38 and its 200 day moving average price is $248.74.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same period in the prior year, the company posted $7.01 earnings per share. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Monday, March 10th. Travelers Companies's dividend payout ratio is presently 19.56%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company upped their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a research report on Thursday, January 23rd. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, 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. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and a consensus target price of $260.00.

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.