Meeder Advisory Services Inc. Has $1.22 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Meeder Advisory Services Inc. increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,048 shares of the insurance provider’s stock after buying an additional 214 shares during the period. Meeder Advisory Services Inc.’s holdings in Travelers Companies were worth $1,216,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TRV. Elevate Capital Advisors LLC acquired a new position in Travelers Companies in the fourth quarter valued at approximately $4,627,000. Erste Asset Management GmbH lifted its stake in shares of Travelers Companies by 1.0% in the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after purchasing an additional 100 shares during the period. Franklin Resources Inc. boosted its position in shares of Travelers Companies by 39.5% in the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after purchasing an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Travelers Companies by 34.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after purchasing an additional 4,665 shares during the period. Finally, Czech National Bank increased its holdings in Travelers Companies by 6.0% in the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after purchasing an additional 2,792 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.0 %

Shares of Travelers Companies stock opened at $264.58 on Thursday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $251.92 and its 200-day moving average is $248.59. The stock has a market cap of $59.99 billion, a P/E ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $7.01 earnings per share. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a $1.05 dividend. The ex-dividend date was Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.59%. Travelers Companies’s dividend payout ratio is 19.56%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TRV. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a report on Monday, March 24th. Barclays boosted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company lifted their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $260.00.

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.