7,533 Shares in The Travelers Companies, Inc. $TRV Bought by Cornerstone Planning LLC

Cornerstone Planning LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 7,533 shares of the insurance provider’s stock, valued at approximately $2,193,000.

Several other hedge funds have also bought and sold shares of TRV. Kemnay Advisory Services Inc. acquired a new position in Travelers Companies during the fourth quarter worth $26,000. Osterweis Capital Management Inc. lifted its stake in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at about $28,000. Entrust Financial LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at about $31,000. Finally, Nalls Sherbakoff Group LLC bought a new stake in shares of Travelers Companies during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Bank of America cut their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. BMO Capital Markets raised their target price on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Finally, Brean Capital began coverage on Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $309.07.

Travelers Companies Stock Down 0.1%

TRV opened at $307.48 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company’s 50-day moving average is $301.35 and its 200 day moving average is $294.99. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $313.12. The firm has a market capitalization of $65.39 billion, a P/E ratio of 9.15, a PEG ratio of 2.78 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the prior year, the firm posted $1.91 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. Research analysts expect that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be issued a $1.25 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s dividend payout ratio is currently 14.88%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of the business’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. The trade was a 51.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the transaction, the insider owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This trade represents a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,573 shares of company stock valued at $11,504,146 in the last ninety days. Insiders own 1.39% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.