46,656 Shares in The Travelers Companies, Inc. $TRV Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 46,656 shares of the insurance provider’s stock, valued at approximately $15,402,000. Travelers Companies makes up 0.8% of Meeder Asset Management Inc.’s portfolio, making the stock its 29th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LifeSteps Financial Inc. acquired a new stake in shares of Travelers Companies in the second quarter valued at approximately $26,000. HHM Wealth Advisors LLC increased its holdings in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies in the 4th quarter valued at $26,000. Whipplewood Advisors LLC purchased a new stake in Travelers Companies in the 1st quarter valued at $26,000. Finally, Osterweis Capital Management Inc. raised its position in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on TRV shares. Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a research report on Monday, July 20th. UBS Group increased their price objective on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Wells Fargo & Company boosted their target price on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Finally, HSBC upped their price target on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $354.26.

Insider Buying and Selling at Travelers Companies

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Stock Down 1.6%

Shares of NYSE:TRV opened at $364.50 on Tuesday. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $347.35 and its 200-day simple moving average is $316.08. The company has a market cap of $76.03 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 3.52 and a beta of 0.45.

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

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.

About Travelers Companies

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.