The Travelers Companies, Inc. (NYSE:TRV) Position Reduced by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,136 shares of the insurance provider’s stock after selling 443 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Travelers Companies were worth $1,451,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies in the second quarter valued at $25,000. Pathway Financial Advisers LLC purchased a new stake in Travelers Companies in the 1st quarter worth about $35,000. Beacon Capital Management LLC boosted its position in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the period. Opal Wealth Advisors LLC purchased a new position in Travelers Companies during the 1st quarter valued at about $42,000. Finally, Tributary Capital Management LLC acquired a new position in shares of Travelers Companies in the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.8 %

TRV stock opened at $239.72 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The company has a 50-day moving average of $220.31 and a two-hundred day moving average of $217.29. The stock has a market capitalization of $54.89 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 1.22 and a beta of 0.62. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $243.48.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same period last year, the business earned $0.06 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s payout ratio is currently 31.20%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TRV shares. William Blair restated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Morgan Stanley reduced their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and lowered their target price for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $227.05.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.