Meiji Yasuda Life Insurance Co Has $1.74 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Meiji Yasuda Life Insurance Co cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 7.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,579 shares of the insurance provider’s stock after selling 579 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Travelers Companies were worth $1,744,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TRV. Global Retirement Partners LLC raised its stake in shares of Travelers Companies by 45.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,235 shares of the insurance provider’s stock worth $243,000 after acquiring an additional 385 shares during the last quarter. PFG Advisors acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $233,000. Fifth Third Bancorp boosted its holdings in Travelers Companies by 38.2% during the fourth quarter. Fifth Third Bancorp now owns 18,482 shares of the insurance provider’s stock worth $3,521,000 after purchasing an additional 5,104 shares during the last quarter. Prio Wealth Limited Partnership boosted its holdings in Travelers Companies by 4.4% during the fourth quarter. Prio Wealth Limited Partnership now owns 2,971 shares of the insurance provider’s stock worth $566,000 after purchasing an additional 124 shares during the last quarter. Finally, Builder Investment Group Inc. ADV acquired a new position in Travelers Companies during the fourth quarter worth $229,000. 82.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. Bank of America upped their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research report on Monday, July 22nd. Morgan Stanley decreased their price objective on shares of 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. UBS Group cut their target price on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Finally, StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $221.11.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’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 transaction of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded down $3.98 during midday trading on Wednesday, hitting $216.44. 1,416,264 shares of the company traded hands, compared to its average volume of 1,373,856. The stock has a market cap of $49.33 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 1.11 and a beta of 0.61. 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’s fifty day moving average price is $209.73 and its 200-day moving average price is $214.86. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.23 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s payout ratio is 31.20%.

Travelers Companies Company 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.