Sun Sep 15 14:46:50 UTC 2024: ## Meeder Advisory Services Increases Stake in Travelers Companies

**New York, NY – September 15, 2024** – Meeder Advisory Services Inc. has increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 44.8% during the second quarter, according to a recent SEC filing. The fund now owns 4,564 shares of the insurance provider, valued at $928,000.

This move by Meeder Advisory Services is part of a trend among hedge funds and institutional investors, with several others modifying their holdings in Travelers Companies during the quarter. DekaBank Deutsche Girozentrale, Equity Investment Corp, and BOKF NA all increased their positions, while Achmea Investment Management B.V. raised its stake by 40.4%. Y.D. More Investments Ltd acquired a new position in the company.

Overall, institutional investors own 82.45% of Travelers Companies’ stock.

The company’s stock opened at $237.83 on Friday, with a market cap of $54.21 billion. Travelers Companies recently announced a quarterly dividend of $1.05 per share, representing a $4.20 annualized dividend and a yield of 1.77%.

Analysts have mixed opinions on Travelers Companies. While William Blair maintained a “market perform” rating, TD Cowen downgraded the company to a “hold” rating. Deutsche Bank Aktiengesellschaft and Citigroup revised their target prices, with the former raising it to $234.00 and the latter lowering it to $203.00. Barclays initiated coverage with an “overweight” rating and a $286.00 price objective.

The average rating for Travelers Companies is “Hold” with a consensus price target of $227.05.

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock on July 25th for a total transaction of $2,114,400.00. Insiders own 1.33% of the company’s stock.

Travelers Companies, Inc. provides 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.

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