Meiji Yasuda Life Insurance Co Lowers Stake in The Travelers Companies, Inc. $TRV

Meiji Yasuda Life Insurance Co lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 10.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,885 shares of the insurance provider’s stock after selling 472 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Travelers Companies were worth $1,027,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. PFG Advisors boosted its position in shares of Travelers Companies by 108.8% during the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock worth $1,125,000 after purchasing an additional 2,217 shares during the period. Greatmark Investment Partners Inc. increased its stake in Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after buying an additional 1,772 shares during the period. Portside Wealth Group LLC purchased a new stake in Travelers Companies during the 1st quarter worth approximately $208,000. Atlas Capital Advisors Inc. increased its stake in Travelers Companies by 890.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after buying an additional 4,098 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in Travelers Companies by 47.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock worth $1,403,000 after buying an additional 1,703 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at $4,900,865.92. This trade represents a 38.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by company insiders.

Travelers Companies Price Performance

Shares of TRV opened at $274.73 on Tuesday. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $280.70. The firm’s fifty day simple moving average is $265.09 and its 200-day simple moving average is $262.84. The firm has a market capitalization of $61.85 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 3.16 and a beta of 0.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period last year, the business earned $2.51 EPS. The company’s revenue was up 7.4% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.46%.

Analysts Set New Price Targets

TRV has been the topic of several recent research reports. Citigroup initiated coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. UBS Group upped their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Finally, Barclays downgraded shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $284.56.

About Travelers Companies

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.