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Top 5 1st Quarter Trades of FACTORY MUTUAL INSURANCE CO

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May 13, 2022
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FACTORY MUTUAL INSURANCE CO recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

The Factory Mutual Insurance Co. is a mutual insurance company that is based out of Johnston, Rhode Island. The company can trace its history back to the establishment of the Manufacturers Mutual Fire Insurance Company that was founded by Zachariah Allen and a group of textile mill owners. The original company would slowly grow during its early years, and the original founder Zachariah Allen would form another mutual insurance company called Rhode Island Mutual in 1848. These two companies, among various other mutual insurance companies that would join the group, would become collectively known as the Associated Factory Mutual Fire Insurance Companies. The company would create a dedicated team to handle collective inspection activities in 1978as the inspection grew with the company’s expansion. Factory Mutual Insurance Co. would begin expanding into a variety of other industries beginning in the early 1900s. The company would undergo a series of consolidations to provide more comprehensive policyholder coverage, and, by 1987, over 40 mutual insurance companies would be consolidated down to three: the Allendale Mutual Insurance Company, Arkwright-Boston Manufacturers Mutual Insurance Company, and Protection Mutual Insurance Company. However, the three companies would compete with each other for customers despite openly sharing resources, and the companies would decide to go through a merger in 199 would create the current Factory Mutual Insurance Co. The company today is officially known as Factory Mutual Insurance Co. although it operates under the name FM Global. Factory Mutual Insurance Co. provides property insurance and loss prevention on a global scale with clients in over a hundred countries. The company has 4,400 employees and has been named the Best Property Insurer in the World. Factory Mutual Insurance Co. invests in a variety of sectors including the finance sector, which alone makes up over a fifth of its total asset allocations, information technology, health care, and consumer discretionary sectors, among others to a lesser degree, in order of decreasing allocation.

As of the latest 13F report, the guru’s equity portfolio contained 137 stocks valued at a total of $7,395,000,000. The top holdings were MSFT(5.56%), AAPL(5.56%), and GOOG(4.01%).

According to GuruFocus data, these were FACTORY MUTUAL INSURANCE CO’s top five trades of the quarter.

PowerShares QQQ Trust Ser 1


The guru established a new position worth 348,700 shares in NAS:QQQ, giving the stock a 1.71% weight in the equity portfolio. Shares traded for an average price of $354.77 during the quarter.

On 05/13/2022, PowerShares QQQ Trust Ser 1 traded for a price of $301.54 per share and a market cap of $167,013,503,000. The stock has returned -7.68% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, PowerShares QQQ Trust Ser 1 has a price-earnings ratio of 29.24 and a price-book ratio of 7.89.

Philip Morris International Inc


FACTORY MUTUAL INSURANCE CO reduced their investment in NYSE:PM by 408,300 shares. The trade had a 0.59% impact on the equity portfolio. During the quarter, the stock traded for an average price of $100.28.

On 05/13/2022, Philip Morris International Inc traded for a price of $104.31 per share and a market cap of $161,707,508,000. The stock has returned 12.60% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Philip Morris International Inc has a price-earnings ratio of 18.03, a price-earnings-to-growth (PEG) ratio of 7.84, a EV-to-Ebitda ratio of 13.43 and a price-sales ratio of 5.14.

The price-to-GF Value ratio is 1.15, earning the stock a GF Value rank of 5.

iShares Russell Mid-Cap ETF


During the quarter, FACTORY MUTUAL INSURANCE CO bought 459,400 shares of ARCA:IWR for a total holding of 770,011. The trade had a 0.48% impact on the equity portfolio. During the quarter, the stock traded for an average price of $76.78.

On 05/13/2022, iShares Russell Mid-Cap ETF traded for a price of $69.89 per share and a market cap of $27,474,525,000. The stock has returned -8.37% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, iShares Russell Mid-Cap ETF has a price-earnings ratio of 19.44 and a price-book ratio of 3.08.

SPDR Gold Shares ETF


FACTORY MUTUAL INSURANCE CO reduced their investment in ARCA:GLD by 159,251 shares. The trade had a 0.39% impact on the equity portfolio. During the quarter, the stock traded for an average price of $175.44.

On 05/13/2022, SPDR Gold Shares ETF traded for a price of $168.63 per share and a market cap of $62,213,199,000. The stock has returned -0.15% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

Technology Select Sector SPDR ETF


During the quarter, FACTORY MUTUAL INSURANCE CO bought 162,632 shares of ARCA:XLK for a total holding of 822,125. The trade had a 0.35% impact on the equity portfolio. During the quarter, the stock traded for an average price of $156.75.

On 05/13/2022, Technology Select Sector SPDR ETF traded for a price of $135.87 per share and a market cap of $40,488,934,000. The stock has returned 0.87% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, Technology Select Sector SPDR ETF has a price-earnings ratio of 26.37 and a price-book ratio of 8.68.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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