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

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

Other institutional investors also recently modified their holdings of the company. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $24,167,000. Rit Capital Partners PLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $39,450,000. UBS Group AG raised its position in shares of 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 buying an additional 89,159 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake 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 valued at $3,794,000 after buying an additional 3,342 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its stake in shares of Travelers Companies by 41.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock valued at $19,149,000 after buying an additional 19,347 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. The trade was a 33.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRV. Truist Financial raised their price objective on Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a research report on Monday, July 13th. Barclays upped their target price on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Wells Fargo & Company raised their price target on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Performance

Travelers Companies stock opened at $363.83 on Monday. 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 stock has a market cap of $75.89 billion, a PE ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The business’s 50-day moving average price is $352.28 and its two-hundred day moving average price is $318.35.

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

Travelers Companies Announces Dividend

The business 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 $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is currently 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.