Meiji Yasuda Asset Management Co Ltd. Makes New $6.28 Million Investment in The Travelers Companies, Inc. $TRV

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,466 shares of the insurance provider’s stock, valued at approximately $6,276,000.

Other hedge funds have also modified their holdings of the company. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Travelers Companies in the 4th quarter valued at $24,167,000. Rit Capital Partners PLC bought a new position in Travelers Companies during the fourth quarter worth about $39,450,000. UBS Group AG grew its stake in Travelers Companies by 5.3% in the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after acquiring an additional 89,159 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in shares of Travelers Companies by 34.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 13,006 shares of the insurance provider’s stock worth $3,794,000 after acquiring an additional 3,342 shares in the last quarter. Finally, Swiss Life Asset Management Ltd raised its position in shares of Travelers Companies by 41.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock worth $19,149,000 after purchasing an additional 19,347 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the transaction, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,667 shares of company stock worth $22,688,329 in the last quarter. 1.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley increased their target price on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a research report on Monday, July 13th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. HSBC upped their target price 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, The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target on the stock. in a report on Monday, July 20th. Four investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Trading Up 0.1%

Shares of NYSE:TRV opened at $363.83 on Monday. The company’s 50-day moving average price is $352.28 and its two-hundred day moving average price is $318.35. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $75.89 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating 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 company had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter last year, the company earned $6.51 EPS. Travelers Companies’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared 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 of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s payout ratio is 13.39%.

Travelers Companies Profile

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.