Meiji Yasuda Asset Management Co Ltd. Invests $1.84 Million in The Travelers Companies, Inc. $TRV

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,575 shares of the insurance provider’s stock, valued at approximately $1,840,000.

A number of other large investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after buying an additional 387 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Travelers Companies in the fourth quarter valued at about $276,000. WINTON GROUP Ltd purchased a new stake in Travelers Companies in the second quarter worth about $382,000. CIBC Asset Management Inc lifted its stake in Travelers Companies by 13.9% in the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after acquiring an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina grew its holdings in Travelers Companies by 2.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after acquiring an additional 2,117 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target for the company. in a report on Monday, July 13th. Weiss Ratings upgraded shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday. Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a report on Monday, July 20th. HSBC boosted their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $354.26.

Read Our Latest Research Report on TRV

Insider Activity

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the transaction, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the transaction, the executive vice president directly owned 9,213 shares of the company’s stock, valued at approximately $3,393,884.94. This represents a 63.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 52,667 shares of company stock valued at $19,611,829. 1.39% of the stock is owned by company insiders.

Travelers Companies Stock Performance

Shares of TRV opened at $370.65 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market cap of $77.31 billion, a PE ratio of 9.93, a P/E/G ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The stock has a fifty day moving average price of $353.55 and a 200-day moving average price of $318.93.

Travelers Companies (NYSE:TRVGet Free Report) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the business earned $6.51 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. Travelers Companies’s dividend payout ratio is 13.39%.

Travelers Companies Company Profile

(Free Report)

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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