The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 245,195 shares of the insurance provider's stock after selling 31,063 shares during the quarter. Travelers Companies comprises about 2.9% of Cornerstone Investment Partners LLC's holdings, making the stock its 16th largest position. Cornerstone Investment Partners LLC owned 0.11% of Travelers Companies worth $59,065,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRV. YANKCOM Partnership bought a new stake in Travelers Companies during the fourth quarter valued at approximately $27,000. True Wealth Design LLC purchased a new position in shares of Travelers Companies during the 3rd quarter valued at about $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies in the 4th quarter valued at $44,000. Providence First Trust Co bought a new position in shares of Travelers Companies during the 4th quarter valued at $48,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Travelers Companies in the 3rd quarter worth $50,000. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TRV has been the subject of several analyst reports. Wells Fargo & Company upped their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. Janney Montgomery Scott cut Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price for the company. in a report on Thursday, November 21st. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Royal Bank of Canada restated a "sector perform" rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, Barclays boosted their price target on Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $261.05.

Travelers Companies Stock Down 0.3 %

NYSE TRV traded down $0.77 during trading on Thursday, reaching $257.26. 197,862 shares of the company's stock were exchanged, compared to its average volume of 1,316,833. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50 day moving average price of $244.16 and a two-hundred day moving average price of $244.09. The stock has a market cap of $58.33 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last released its 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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the company earned $7.01 earnings per share. Travelers Companies's quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.63%. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.

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.