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

Cornerstone Investment Partners LLC lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 investment portfolio, making the stock its 16th largest holding. Cornerstone Investment Partners LLC’s holdings in Travelers Companies were worth $59,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Elevate Capital Advisors LLC bought a new stake in Travelers Companies in the fourth quarter valued at about $4,627,000. Franklin Resources Inc. grew its stake in Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after acquiring an additional 38,515 shares during the period. Orion Portfolio Solutions LLC increased its holdings in shares of Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after acquiring an additional 4,665 shares in the last quarter. Czech National Bank raised its position in shares of Travelers Companies by 6.0% during the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after purchasing an additional 2,792 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies during the third quarter worth about $50,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $260.77 on Tuesday. 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. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The company’s fifty day simple moving average is $243.60 and its 200 day simple moving average is $243.72. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued 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 business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $7.01 earnings per share. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TRV. Barclays increased their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Tuesday, December 10th. Wells Fargo & Company raised their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets raised their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $261.05.

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.