Meeder Advisory Services Inc. Invests $1.76 Million in The Travelers Companies, Inc. $TRV

Key Points

• Meeder Advisory Services acquired 5,338 shares of Travelers Companies worth approximately $1.76 million, while institutional investors collectively own 82.45% of the insurer.
• Travelers exceeded quarterly expectations, reporting $10.04 in EPS versus the $5.41 consensus estimate and revenue of $12.15 billion. Analysts’ consensus rating remains “Hold,” with an average price target of $354.26.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.4% yield. Meanwhile, insiders sold approximately $22.7 million of stock over the past three months.

Meeder Advisory Services Inc. acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,338 shares of the insurance provider's stock, valued at approximately $1,762,000.

A number of other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC lifted its position in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after acquiring an additional 51 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Travelers Companies during the first quarter valued at approximately $26,000. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $26,000. Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies in the fourth quarter valued at $26,000. Finally, Osterweis Capital Management Inc. raised its stake in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TRV shares. Cantor Fitzgerald lifted their price target on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Weiss Ratings restated a "buy (a-)" rating on shares of Travelers Companies in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Citigroup reissued a "market perform" rating on shares of Travelers Companies in a research report on Monday, July 20th. Finally, TD Cowen cut shares of Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 price target for the company. in a research note on Monday, July 13th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and a consensus target price of $354.26.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 62,667 shares of company stock worth $22,688,329. Corporate insiders own 1.39% of the company's stock.

Travelers Companies Trading Up 0.9%

TRV stock opened at $367.96 on Wednesday. The business has a fifty day moving average price of $348.71 and a 200 day moving average price of $316.68. 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 Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The stock has a market capitalization of $76.74 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the company earned $6.51 EPS. The firm's quarterly revenue was up .3% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued 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 yield of 1.4%. Travelers Companies's dividend payout ratio is currently 13.39%.

Travelers Companies Company 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.

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