Meyer Handelman Co. Sells 5,000 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Meyer Handelman Co. lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 18.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,400 shares of the insurance provider's stock after selling 5,000 shares during the period. Meyer Handelman Co.'s holdings in Travelers Companies were worth $5,244,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider's stock valued at $4,132,313,000 after buying an additional 148,012 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider's stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Travelers Companies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider's stock worth $619,241,000 after acquiring an additional 165,708 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Travelers Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider's stock worth $474,774,000 after purchasing an additional 37,029 shares during the last quarter. Finally, Boston Partners lifted its stake in Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider's stock valued at $319,348,000 after acquiring an additional 196,011 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

NYSE:TRV traded up $3.38 during mid-day trading on Friday, hitting $236.58. 932,564 shares of the stock traded hands, compared to its average volume of 1,311,996. The business's 50-day moving average price is $227.80 and its 200 day moving average price is $218.87. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $54.18 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $243.48.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts' consensus estimates of $3.23 by ($0.72). The firm had revenue of $11.28 billion for the quarter, compared to analysts' expectations of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 17.2 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.78%. Travelers Companies's payout ratio is presently 31.20%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company's stock, valued at approximately $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TRV. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, September 28th. Wells Fargo & Company boosted their price objective on Travelers Companies from $206.00 to $207.00 and gave the stock an "equal weight" rating in a research report on Thursday. Barclays began coverage on Travelers Companies in a research report on Wednesday, September 4th. They set an "overweight" rating and a $286.00 target price for the company. William Blair reissued a "market perform" rating on shares of Travelers Companies in a report on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a "hold" rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $230.89.

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.