Meiji Yasuda Asset Management Co Ltd. Grows Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Meiji Yasuda Asset Management Co Ltd. raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,341 shares of the insurance provider’s stock after buying an additional 474 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Travelers Companies were worth $2,306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gryphon Financial Partners LLC raised its holdings in Travelers Companies by 35.4% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,381 shares of the insurance provider’s stock worth $444,000 after purchasing an additional 623 shares during the last quarter. Level Four Advisory Services LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth $463,000. Brown Advisory Inc. boosted its position in shares of Travelers Companies by 2.4% in the 4th quarter. Brown Advisory Inc. now owns 36,246 shares of the insurance provider’s stock worth $6,905,000 after buying an additional 836 shares in the last quarter. Norges Bank acquired a new stake in Travelers Companies in the 4th quarter valued at about $282,593,000. Finally, Coldstream Capital Management Inc. increased its holdings in Travelers Companies by 2.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,539 shares of the insurance provider’s stock valued at $674,000 after acquiring an additional 75 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $239.72 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The firm 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 one year low of $157.33 and a one year high of $243.48. The company has a 50 day moving average price of $220.31 and a 200 day moving average price of $217.29.

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

Travelers Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. TD Cowen lowered Travelers Companies from a “buy” rating to a “hold” rating and reduced their target price for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Bank of America raised their price target on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research report on Monday, July 22nd. William Blair restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $227.05.

Travelers Companies Profile

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.