MassMutual Private Wealth & Trust FSB Has $1.64 Million Stock Position in The Travelers Companies, Inc. $TRV

MassMutual Private Wealth & Trust FSB raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 253.0% in the third quarter, HoldingsChannel reports. The fund owned 5,877 shares of the insurance provider’s stock after purchasing an additional 4,212 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Travelers Companies were worth $1,641,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRV. Vanguard Group Inc. raised its position in shares of Travelers Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock worth $5,898,456,000 after purchasing an additional 313,449 shares during the period. JPMorgan Chase & Co. grew its position in Travelers Companies by 10.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after purchasing an additional 751,715 shares during the period. Geode Capital Management LLC increased its stake in Travelers Companies by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock valued at $1,481,805,000 after purchasing an additional 54,363 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after buying an additional 3,611,758 shares during the last quarter. Finally, Norges Bank acquired a new position in Travelers Companies during the second quarter worth $815,013,000. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRV. Zacks Research cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Wolfe Research started coverage on Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $298.44.

Travelers Companies Trading Down 0.7%

Shares of TRV stock opened at $283.20 on Thursday. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $296.85. 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 company has a 50-day simple moving average of $286.14 and a two-hundred day simple moving average of $274.79. The company has a market capitalization of $63.17 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.73 and a beta of 0.52.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter last year, the firm earned $5.24 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total value of $575,000.00. Following the completion of the transaction, the insider owned 255,086 shares in the company, valued at $73,337,225. This represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 46,295 shares of company stock worth $13,011,918 in the last ninety days. Company insiders own 1.46% of the company’s stock.

Travelers Companies Profile

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.