Massachusetts Financial Services. recently announced the acquisition of new stake in The Travelers Companies Inc. (NYSE:TRV). The institutional investor has increased its shareholding in the Financial company by 2.75% to 12.18 million shares with purchase of 0.33 million shares. This fresh investment now brings its stake to 4.82% valued currently at $1.39 billion. In addition, Fidelity Management & Research Co. raised its holdings by 1.63 million to 10.46 million shares. And ClearBridge Investments LLC has lifted its position by 6.51% or 0.24 million shares – to 3.94 million shares.
With over 2.05 million The Travelers Companies Inc. (TRV) shares trading Wednesday and a closing price of $118.61 on the day, the dollar volume was approximately $243.47 million. The shares have shown a positive weekly performance of 2.60% and its price on 07/22/20 lost nearly -2.97%. Currently, there are 254.40M common shares owned by the public and among those 251.83M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 21 analysts who have offered their price forecasts for TRV have a consensus price objective of $118.33. The analysts have set the share’s price value over the next 12 months at a high of $136.00 and a low of $106.00 should the stock experience a downside. Incidentally, analysts’ outlook for the The Travelers Companies Inc. stock is 2.90 for the next 12 months. The average price target is -1.25% below its last price level and a downside to the estimated low will see the stock lose -11.9% over that period. But an upside of 12.79% will see the stock hit the forecast high price target while mean target price for the stock is $116.00.
Insiders at the company have transacted a total of 68 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 201,743 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 146,172 shares.
The top 3 mutual fund holders in The Travelers Companies Inc. are Vanguard Total Stock Market Index, MFS Value Fund, and SPDR Dow Jones Industrial Average. Vanguard Total Stock Market Index owns 7.21 million shares of the company’s stock, all valued at over $821.91 million. The company bought an additional 0.12 million shares recently to bring their total holdings to about 2.85% of the shares outstanding. MFS Value Fund bought 63133.0 shares to see its total holdings expand to 7.08 million shares valued at over $807.11 million and representing 2.80% of the shares outstanding. SPDR Dow Jones Industrial Average bought 10284.0 shares to bring its total holdings to over 5.69 million shares at a value of $648.45 million. SPDR Dow Jones Industrial Average now owns shares totaling to 2.25% of the shares outstanding.
Shares of The Travelers Companies Inc. (NYSE: TRV) opened at $119.41, down -$2.83 from a prior closing price of $122.24. However, the script later closed the day at $118.61, down -2.97%. The company’s stock has a 5-day price change of 2.60% and 20.09% over the past three months. TRV shares are trading -10.74% year to date (YTD), with the 12-month market performance down to -17.13% lower. It has a 12-month low price of $76.99 and touched a high of $153.65 over the same period. Currently, 2.05 million shares have been traded, compared to an average intraday trading volume of 1.90 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.80%, 6.55%, and -2.09% respectively.
Institutional ownership of The Travelers Companies Inc. (NYSE: TRV) shares accounts for 83.80% of the company’s 254.40M shares outstanding. Mutual fund holders own 31.30%, while other institutional holders and individual stakeholders account for 51.67% and 1.13% respectively.
It has a market capitalization of $31.25B and a beta (3y monthly) value of 0.89. The stock’s trailing 12-month PE ratio is 13.19, while the earnings-per-share (ttm) stands at $9.27. The company has a PEG of 5.44 and the debt-to-equity ratio at 0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.41% over the week and 2.80% over the month.
Analysts forecast that The Travelers Companies Inc. (TRV) will achieve an EPS of -$0.2 for the current quarter, $3.16 for the next quarter and $10.43 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.23 while analysts give the company a high EPS estimate of -$0.19. Comparatively, EPS for the current quarter was $2.02 a year ago. Earnings per share for the fiscal year are expected to increase by 6.90%, and 20.51% over the next financial year. EPS should grow at an annualized rate of 2.43% over the next five years, compared to -1.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 21 brokerage firm advisors rate The Travelers Companies Inc. (TRV) as a “Moderate Buy” at a consensus score of 2.90. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 10 of the 21 advise that investors “hold,” and 4 rated it as a “Sell.”
Looking at the support for the TRV, a number of firms have released research notes about the stock. William Blair stated their Outperform rating for the stock in a research note on July 20, 2020, with the firm’s price target at. BofA/Merrill coverage for the The Travelers Companies Inc. (TRV) stock in a research note released on June 01, 2020 offered a Buy rating with a price target of. Raymond James was of a view on April 24, 2020 that the stock is Underperform, while Evercore ISI gave the stock In-line rating on April 13, 2020, issuing a price target of $117. Keefe Bruyette on their part issued Mkt Perform rating on April 02, 2020.