Cornercap Investment Counsel Inc. Has $1.70 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Cornercap Investment Counsel Inc. lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 23.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,246 shares of the insurance provider’s stock after selling 2,277 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Travelers Companies were worth $1,696,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd bought a new stake in Travelers Companies during the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies during the 1st quarter worth about $35,000. Beacon Capital Management LLC grew its holdings in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TRV. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Piper Sandler reduced their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada raised their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Bank of America raised their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Finally, UBS Group raised their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $247.90.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total transaction of $1,026,433.45. Following the completion of the transaction, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at $446,671.75. The trade was a 69.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

Shares of TRV stock opened at $256.52 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $58.24 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62. The company’s 50 day moving average price is $243.42 and its two-hundred day moving average price is $223.76. The Travelers Companies, Inc. has a 52 week low of $167.08 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the company earned $1.95 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, analysts expect that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.64%. Travelers Companies’s dividend payout ratio is presently 21.54%.

Travelers Companies Company 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.