Cornerstone Investment Partners LLC Sells 31,063 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Cornerstone Investment Partners LLC reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,195 shares of the insurance provider’s stock after selling 31,063 shares during the period. Travelers Companies makes up about 2.9% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 16th largest position. Cornerstone Investment Partners LLC owned about 0.11% of Travelers Companies worth $59,065,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Pinnacle Wealth Management Advisory Group LLC increased its position in Travelers Companies by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock worth $822,000 after buying an additional 41 shares during the period. Quent Capital LLC increased its position in Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after buying an additional 43 shares during the period. Salem Investment Counselors Inc. increased its position in Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock worth $218,000 after buying an additional 44 shares during the period. Somerset Trust Co grew its holdings in shares of Travelers Companies by 5.2% during the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock worth $221,000 after purchasing an additional 45 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Travelers Companies by 3.8% during the 3rd quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider’s stock worth $294,000 after purchasing an additional 46 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TRV. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Barclays lifted their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets boosted their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $261.05.

Travelers Companies Trading Up 0.9 %

Shares of TRV opened at $260.77 on Tuesday. The stock has a fifty day moving average price of $243.60 and a two-hundred day moving average price of $243.72. 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 Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a market cap of $59.12 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 4.65 and a beta of 0.60.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies’s payout ratio is currently 19.56%.

Travelers Companies 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.