MassMutual Private Wealth & Trust FSB Has $280,000 Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

MassMutual Private Wealth & Trust FSB raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 106.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,163 shares of the insurance provider’s stock after acquiring an additional 601 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Travelers Companies were worth $280,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Travelers Companies by 39.5% in the third 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 during the period. Sanctuary Advisors LLC acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at about $9,798,000. Orion Portfolio Solutions LLC increased its stake in Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after acquiring an additional 4,665 shares during the period. Czech National Bank raised its position in Travelers Companies by 6.0% in the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after purchasing an additional 2,792 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Travelers Companies during the third quarter worth about $50,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,670 shares of company stock valued at $4,861,329 over the last three months. Company insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Piper Sandler dropped their target price on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. UBS Group lifted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $255.16.

Travelers Companies Stock Up 3.1 %

Shares of NYSE TRV opened at $246.67 on Thursday. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The firm’s 50-day moving average is $248.81 and its 200-day moving average is $236.70. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $56.00 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.05 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10,795,375 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $7.01 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 19 EPS for the current year.

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.