Massachusetts Financial Services Co buys $1,469,062,950 stake in Travelers Companies Inc (TRV)

Travelers Companies Inc (TRV) : Massachusetts Financial Services Co scooped up 143,934 additional shares in Travelers Companies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 13,095,587 shares of Travelers Companies Inc which is valued at $1,469,062,950.Travelers Companies Inc makes up approximately 0.72% of Massachusetts Financial Services Co’s portfolio.

Other Hedge Funds, Including , Pinnacle Holdings reduced its stake in TRV by selling 177 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 14,905 shares of TRV which is valued at $1,672,043. Travelers Companies Inc makes up approx 0.81% of Pinnacle Holdings’s portfolio.Peak Asset Management boosted its stake in TRV in the latest quarter, The investment management firm added 205 additional shares and now holds a total of 3,516 shares of Travelers Companies Inc which is valued at $371,360. Travelers Companies Inc makes up approx 0.08% of Peak Asset Management’s portfolio.Smith Asset Management Group Lp reduced its stake in TRV by selling 5,132 shares or 3.08% in the most recent quarter. The Hedge Fund company now holds 161,289 shares of TRV which is valued at $17,035,344. Travelers Companies Inc makes up approx 0.52% of Smith Asset Management Group Lp’s portfolio.First Trust Advisors Lp boosted its stake in TRV in the latest quarter, The investment management firm added 11,775 additional shares and now holds a total of 304,295 shares of Travelers Companies Inc which is valued at $32,139,638. Travelers Companies Inc makes up approx 0.10% of First Trust Advisors Lp’s portfolio.Sl Advisors reduced its stake in TRV by selling 737 shares or 10.24% in the most recent quarter. The Hedge Fund company now holds 6,459 shares of TRV which is valued at $700,349. Travelers Companies Inc makes up approx 0.58% of Sl Advisors’s portfolio.

Travelers Companies Inc opened for trading at $111.25 and hit $112.12 on the upside on Monday, eventually ending the session at $111.82, with a gain of 0.58% or 0.64 points. The heightened volatility saw the trading volume jump to 17,18,010 shares. Company has a market cap of $31,763 M.

On the company’s financial health, Travelers Companies Inc reported $2.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $2.36. The company had revenue of $6389.00 million for the quarter, compared to analysts expectations of $6209.70 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.93 EPS.

The Travelers Companies Inc. is a holding company. Through its subsidiaries the Company is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses Government units associations and individuals. The Company has three operating segments: Business and International Insurance segment Bond & Specialty Insurance segment and the Personal Insurance segment. Business and International Insurance segment offers a range of property and casualty insurance and insurance related services to its customers primarily in the United States as well as in Canada the United Kingdom the Republic of Ireland and throughout other parts of the world. Bond & Specialty Insurance segment provides surety crime management and professional liability coverages and related risk management services. Personal Insurance segment includes a range of property and casualty insurance covering individuals’ personal risks.

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