Cornercap Investment Counsel Inc. Purchases 4,423 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Cornercap Investment Counsel Inc. boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 84.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,685 shares of the insurance provider’s stock after buying an additional 4,423 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Travelers Companies were worth $1,845,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in TRV. FWL Investment Management LLC bought a new position in Travelers Companies in the fourth quarter valued at about $28,000. First Command Advisory Services Inc. bought a new position in Travelers Companies in the 3rd quarter valued at about $26,000. Arlington Trust Co LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth $27,000. Quarry LP bought a new position in Travelers Companies in the 1st quarter valued at $31,000. Finally, AM Squared Ltd lifted its position in shares of Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after buying an additional 100 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value 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 Securities & Exchange Commission, which is available through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of the stock in a transaction dated 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 $54,291,671.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold 109,775 shares of company stock valued at $23,343,903 in the last three months. 1.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on TRV. Evercore ISI raised their price objective on Travelers Companies from $230.00 to $253.00 and gave the company an “outperform” rating in a research report on Thursday. Raymond James increased their target price on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. 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. Finally, TD Cowen started coverage on Travelers Companies in a report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 target price for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $212.94.

Travelers Companies Price Performance

NYSE:TRV traded up $1.87 on Monday, hitting $222.97. The company had a trading volume of 135,432 shares, compared to its average volume of 1,421,703. The firm has a 50 day moving average of $221.66 and a two-hundred day moving average of $195.30. The stock has a market capitalization of $51.09 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.16 and a beta of 0.58. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.00 annualized dividend and a yield of 1.79%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.27%.

About Travelers Companies

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.