Cornercap Investment Counsel Inc. Has $1.85 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Cornercap Investment Counsel Inc. raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 84.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,685 shares of the insurance provider's stock after purchasing an additional 4,423 shares during the period. Cornercap Investment Counsel Inc.'s holdings in Travelers Companies were worth $1,845,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Command Advisory Services Inc. bought a new stake in shares of Travelers Companies during the third quarter valued at about $26,000. Arlington Trust Co LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth about $27,000. FWL Investment Management LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $28,000. Quarry LP acquired a new position in shares of Travelers Companies during the first quarter valued at approximately $31,000. Finally, AM Squared Ltd increased its stake in shares of Travelers Companies by 100.0% during the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 100 shares during the period. Institutional investors own 82.45% of the company's stock.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 26,633 shares of the business's stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the sale, the insider now owns 255,178 shares of the company's stock, valued at approximately $54,291,671.28. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the sale, the insider now directly owns 255,178 shares of the company's stock, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. Insiders sold 109,775 shares of company stock valued at $23,343,903 in the last three months. Corporate insiders own 1.29% of the company's stock.

Travelers Companies Stock Down 0.0 %

NYSE:TRV traded down $0.04 during trading hours on Monday, hitting $221.06. 1,063,527 shares of the company's stock traded hands, compared to its average volume of 1,435,401. The stock's fifty day moving average price is $221.82 and its two-hundred day moving average price is $195.68. The firm has a market cap of $50.65 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.16 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, beating analysts' consensus estimates of $5.10 by $1.91. The company had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The firm's quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.40 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.00 annualized dividend and a dividend yield of 1.81%. Travelers Companies's dividend payout ratio is 31.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRV. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $215.00 to $241.00 and gave the company a "market perform" rating in a research note on Wednesday, April 10th. Janney Montgomery Scott assumed coverage on Travelers Companies in a report on Wednesday, December 20th. They set a "buy" rating and a $215.00 target price on the stock. Piper Sandler reissued a "neutral" rating and issued a $213.00 price target on shares of Travelers Companies in a report on Monday, April 1st. UBS Group lifted their price objective on shares of Travelers Companies from $205.00 to $225.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 23rd. Finally, Oppenheimer reissued a "market perform" rating on shares of Travelers Companies in a research note on Friday, April 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $215.71.

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.