Cornerstone Investment Partners LLC Trims Stake in The Travelers Companies, Inc. (NYSE:TRV)

Cornerstone Investment Partners LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 204,768 shares of the insurance provider's stock after selling 40,427 shares during the quarter. Travelers Companies makes up approximately 2.6% of Cornerstone Investment Partners LLC's holdings, making the stock its 22nd largest position. Cornerstone Investment Partners LLC owned 0.09% of Travelers Companies worth $54,153,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Yoffe Investment Management LLC bought a new stake in Travelers Companies during the 4th quarter valued at approximately $1,202,000. Erste Asset Management GmbH boosted its position in Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock valued at $2,414,000 after acquiring an additional 100 shares in the last quarter. Portside Wealth Group LLC bought a new stake in Travelers Companies during the 1st quarter valued at approximately $208,000. Flagship Harbor Advisors LLC boosted its position in Travelers Companies by 50.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,918 shares of the insurance provider's stock valued at $772,000 after acquiring an additional 979 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Travelers Companies by 18.1% during the 1st quarter. GAMMA Investing LLC now owns 8,332 shares of the insurance provider's stock valued at $2,203,000 after acquiring an additional 1,277 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Price Performance

TRV stock traded down $1.73 during trading on Friday, reaching $254.26. The company's stock had a trading volume of 782,224 shares, compared to its average volume of 1,287,533. The Travelers Companies, Inc. has a 1 year low of $202.95 and a 1 year high of $277.83. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $57.43 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 3.75 and a beta of 0.51. The company's fifty day moving average is $267.10 and its 200-day moving average is $255.71.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the prior year, the firm earned $4.69 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a $1.10 dividend. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.73%. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Insider Transactions at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 15,180 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $272.87, for a total value of $4,142,166.60. Following the completion of the transaction, the executive vice president owned 6,075 shares of the company's stock, valued at approximately $1,657,685.25. This trade represents a 71.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the completion of the transaction, the chief executive officer directly owned 262,329 shares of the company's stock, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock worth $44,868,201 in the last quarter. Company insiders own 1.46% of the company's stock.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of analyst reports. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Evercore ISI boosted their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Wells Fargo & Company boosted their price target on Travelers Companies from $260.00 to $264.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $271.00.

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.