As Travelers Companies Ord (TRV) Market Valuation Declined, Lockheed Martin Investment Management Company Raised by $3.52 Million Its Holding; As Simmons First National (SFNC) Shares Declined, Patten Group Increased Holding

December 17, 2017 - By Michael Collier

Lockheed Martin Investment Management Company increased its stake in Travelers Companies Ord (TRV) by 93.48% based on its latest 2017Q2 regulatory filing with the SEC. Lockheed Martin Investment Management Company bought 27,950 shares as the company’s stock declined 0.95% while stock markets rallied. The institutional investor held 57,850 shares of the finance company at the end of 2017Q2, valued at $7.32 million, up from 29,900 at the end of the previous reported quarter. Lockheed Martin Investment Management Company who had been investing in Travelers Companies Ord for a number of months, seems to be bullish on the $36.92B market cap company. The stock increased 1.74% or $2.31 during the last trading session, reaching $134.89. About 3.17 million shares traded or 113.51% up from the average. The Travelers Companies, Inc. (NYSE:TRV) has risen 9.71% since December 17, 2016 and is uptrending. It has underperformed by 6.99% the S&P500.

Patten Group Inc increased its stake in Simmons First National Corp (SFNC) by 279.14% based on its latest 2017Q2 regulatory filing with the SEC. Patten Group Inc bought 18,577 shares as the company’s stock declined 14.63% while stock markets rallied. The institutional investor held 25,232 shares of the major banks company at the end of 2017Q2, valued at $1.35 million, up from 6,655 at the end of the previous reported quarter. Patten Group Inc who had been investing in Simmons First National Corp for a number of months, seems to be bullish on the $2.62 billion market cap company. The stock increased 3.35% or $1.85 during the last trading session, reaching $57.05. About 2.28 million shares traded or 785.77% up from the average. Simmons First National Corporation (NASDAQ:SFNC) has risen 13.31% since December 17, 2016 and is uptrending. It has underperformed by 3.39% the S&P500.

Lockheed Martin Investment Management Company, which manages about $1.82B US Long portfolio, decreased its stake in Amazon.Com Inc. (NASDAQ:AMZN) by 2,200 shares to 5,200 shares, valued at $5.03M in 2017Q2, according to the filing. It also reduced its holding in Russell 2000 Index Fund (IWM) by 32,350 shares in the quarter, leaving it with 70,258 shares, and cut its stake in Select Sector Spdr (XLB).

Among 16 analysts covering Travelers (NYSE:TRV), 6 have Buy rating, 3 Sell and 7 Hold. Therefore 38% are positive. Travelers had 48 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of The Travelers Companies, Inc. (NYSE:TRV) has “Underweight” rating given on Thursday, January 5 by Morgan Stanley. As per Thursday, July 13, the company rating was maintained by Citigroup. Morgan Stanley maintained the shares of TRV in report on Friday, October 20 with “Underweight” rating. On Wednesday, January 27 the stock rating was maintained by UBS with “Neutral”. The rating was maintained by UBS with “Neutral” on Wednesday, November 1. UBS maintained it with “Neutral” rating and $125 target in Tuesday, September 19 report. The firm has “Mkt Perform” rating given on Monday, February 13 by FBR Capital. The firm earned “Hold” rating on Friday, May 26 by Wood. Argus Research downgraded the stock to “Hold” rating in Wednesday, April 27 report. RBC Capital Markets maintained The Travelers Companies, Inc. (NYSE:TRV) on Friday, January 22 with “Outperform” rating.

Among 7 analysts covering Simmons First National (NASDAQ:SFNC), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Simmons First National had 19 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, January 20 by Sandler O’Neill. On Thursday, November 16 the stock rating was maintained by Piper Jaffray with “Hold”. The stock of Simmons First National Corporation (NASDAQ:SFNC) has “Sell” rating given on Tuesday, August 25 by Zacks. The rating was initiated by Piper Jaffray on Monday, September 21 with “Neutral”. Stephens upgraded the shares of SFNC in report on Friday, July 21 to “Buy” rating. The firm has “Neutral” rating given on Thursday, October 5 by PiperJaffray. The firm has “Sell” rating by Sandler O’Neill given on Tuesday, November 22. Keefe Bruyette & Woods maintained Simmons First National Corporation (NASDAQ:SFNC) on Monday, October 23 with “Hold” rating. The firm has “Mkt Perform” rating given on Friday, October 23 by Raymond James. The stock has “Mkt Perform” rating by Keefe Bruyette & Woods on Wednesday, October 26.

Since August 11, 2017, it had 0 insider purchases, and 5 sales for $9.04 million activity. Shares for $61,944 were sold by HUNT EUGENE.

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