The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,391 shares of the insurance provider’s stock after selling 108 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Travelers Companies were worth $335,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of Travelers Companies by 39.9% in the second quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock valued at $3,182,000 after purchasing an additional 4,466 shares during the period. Copperwynd Financial LLC grew its stake in shares of Travelers Companies by 5.0% in the 2nd quarter. Copperwynd Financial LLC now owns 3,841 shares of the insurance provider’s stock valued at $831,000 after buying an additional 184 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Travelers Companies by 14.9% during the 2nd quarter. NewEdge Advisors LLC now owns 24,875 shares of the insurance provider’s stock worth $5,058,000 after buying an additional 3,228 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $2,654,000. Finally, Wellington Wealth Strategies LLC. acquired a new position in Travelers Companies in the second quarter valued at approximately $315,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. UBS Group lifted their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Bank of America boosted their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Jefferies Financial Group increased their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $260.11.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 0.1 %

Shares of Travelers Companies stock opened at $241.29 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a market capitalization of $54.78 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.09 and a beta of 0.65. The company has a 50 day moving average of $247.92 and a 200 day moving average of $237.51.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10,795,375 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $7.01 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 20.33 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.74%. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.