1,023 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Cornerstone Advisory LLC

Key Points

• Cornerstone Advisory LLC invested approximately $274,000 in The Travelers Companies, buying 1,023 shares in the 1st quarter.
• The company recently declared a quarterly dividend of $1.10 per share, with an annualized yield of 1.69%.
• The Travelers Companies reported a quarterly earnings per share of $6.51, significantly exceeding analysts' estimates of $3.52.

Cornerstone Advisory LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,023 shares of the insurance provider's stock, valued at approximately $274,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Travelers Companies in the 4th quarter valued at $276,000. Loomis Sayles & Co. L P acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $65,000. Pictet Asset Management Holding SA increased its stake in shares of Travelers Companies by 9.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 152,621 shares of the insurance provider's stock valued at $36,765,000 after buying an additional 13,511 shares during the period. Finally, Orion Portfolio Solutions LLC increased its stake in shares of Travelers Companies by 2.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 18,658 shares of the insurance provider's stock valued at $4,495,000 after buying an additional 514 shares during the period. Institutional investors own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 15,180 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the sale, the executive vice president owned 6,075 shares in the company, valued at approximately $1,657,685.25. This represents a 71.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.78, for a total value of $9,707,143.68. Following the sale, the chief executive officer owned 262,329 shares in the company, valued at $71,820,433.62. The trade was a 11.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock valued at $47,929,912 over the last ninety days. Company insiders own 1.46% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on TRV. Wells Fargo & Company lifted their target price on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. UBS Group lifted their target price on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Jefferies Financial Group lifted their target price on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $279.82.

Travelers Companies Trading Up 1.2%

NYSE:TRV traded up $3.05 on Thursday, reaching $261.97. The company's stock had a trading volume of 429,319 shares, compared to its average volume of 1,342,839. The Travelers Companies, Inc. has a 1-year low of $206.43 and a 1-year high of $277.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $58.98 billion, a PE ratio of 11.60, a PEG ratio of 3.04 and a beta of 0.51. The business's 50-day moving average price is $264.54 and its two-hundred day moving average price is $257.39.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. Travelers Companies's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.51 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. Travelers Companies's dividend payout ratio is currently 19.46%.

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.