Cornell Pochily Investment Advisors Inc. Trims Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Cornell Pochily Investment Advisors Inc. reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.2% during the 4th quarter, HoldingsChannel reports. The firm 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 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC boosted its stake in shares of Travelers Companies by 7.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,860 shares of the insurance provider’s stock worth $448,000 after buying an additional 136 shares during the period. Pacer Advisors Inc. lifted its position in Travelers Companies by 54.3% during the 4th quarter. Pacer Advisors Inc. now owns 26,065 shares of the insurance provider’s stock worth $6,279,000 after acquiring an additional 9,178 shares during the period. Blue Trust Inc. grew its stake in shares of Travelers Companies by 40.5% in the 4th quarter. Blue Trust Inc. now owns 7,088 shares of the insurance provider’s stock valued at $1,660,000 after purchasing an additional 2,042 shares during the last quarter. Legacy Financial Group LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $628,000. Finally, Grimes & Company Inc. increased its holdings in shares of Travelers Companies by 3.9% in the fourth quarter. Grimes & Company Inc. now owns 2,541 shares of the insurance provider’s stock valued at $612,000 after purchasing an additional 95 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of TRV opened at $241.29 on Monday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The stock has a market cap of $54.78 billion, a P/E ratio of 11.24, a PEG ratio of 1.09 and a beta of 0.65. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $247.92 and a two-hundred day moving average of $237.51.

Travelers Companies (NYSE:TRV) last issued 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 firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.01 EPS. As a group, research analysts predict that The Travelers Companies, Inc. will post 20.33 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Insider Buying and Selling

In related news, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s 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 completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRV. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday. Barclays lifted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $259.00 to $310.00 in a report on Friday. Finally, Bank of America increased their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $260.11.

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.