The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,755 shares of the insurance provider’s stock after acquiring an additional 127 shares during the period. Cornerstone Wealth Management LLC’s holdings in Travelers Companies were worth $423,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its holdings in Travelers Companies by 39.9% during the second quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock worth $3,182,000 after buying an additional 4,466 shares in the last quarter. Insigneo Advisory Services LLC boosted its position in shares of Travelers Companies by 13.5% in the 2nd quarter. Insigneo Advisory Services LLC now owns 1,742 shares of the insurance provider’s stock valued at $363,000 after purchasing an additional 207 shares during the period. Deerfield Management Company L.P. Series C increased its stake in Travelers Companies by 43.4% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 1,794 shares of the insurance provider’s stock worth $365,000 after purchasing an additional 543 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in Travelers Companies during the 2nd quarter worth about $3,366,000. Finally, Legal & General Group Plc boosted its holdings 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 buying an additional 37,029 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares in the company, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,670 shares of company stock worth $4,861,329. 1.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group raised their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Barclays upped their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday. Roth Mkm raised their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $260.11.

Travelers Companies Trading Down 0.1 %

Shares of NYSE:TRV opened at $241.29 on Friday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The company has a market cap of $54.78 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.09 and a beta of 0.65. The stock’s 50-day moving average is $247.92 and its 200-day moving average is $237.06.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $10,795,375 billion. During the same period in the previous year, the business posted $7.01 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post 20.33 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.74%. Travelers Companies’s dividend payout ratio is 19.56%.

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.