Meeder Advisory Services Inc. Boosts Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Meeder Advisory Services Inc. boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,834 shares of the insurance provider’s stock after buying an additional 270 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Travelers Companies were worth $1,132,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $25,000. Pathway Financial Advisers LLC purchased a new position in Travelers Companies during the first quarter valued at $35,000. Beacon Capital Management LLC boosted its holdings in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares in the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter worth about $50,000. 82.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,999 shares of company stock worth $16,580,166. 1.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TRV shares. BMO Capital Markets lifted their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Jefferies Financial Group boosted their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company raised their price target on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $247.90.

Travelers Companies Stock Performance

NYSE:TRV opened at $262.69 on Tuesday. The stock has a 50-day simple moving average of $244.87 and a two-hundred day simple moving average of $224.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 52-week low of $170.88 and a 52-week high of $269.55. The firm has a market capitalization of $59.64 billion, a PE ratio of 13.47, a P/E/G ratio of 1.25 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the previous year, the company posted $1.95 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. Analysts forecast that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies’s payout ratio is 21.54%.

Travelers Companies 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.