Corsicana & Co. Acquires Shares of 5,709 The Travelers Companies, Inc. $TRV

Corsicana & Co. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,709 shares of the insurance provider’s stock, valued at approximately $1,594,000.

Other institutional investors have also modified their holdings of the company. Osterweis Capital Management Inc. grew its stake in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Missouri Trust & Investment Co lifted its holdings in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the last quarter. Delos Wealth Advisors LLC bought a new position in Travelers Companies during the 2nd quarter worth approximately $27,000. Quaker Wealth Management LLC grew its position in shares of Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 208 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Olivo sold 8,920 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the transaction, the executive vice president owned 117,596 shares of the company’s stock, valued at approximately $34,776,665.08. This represents a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Daniel S. Frey sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the transaction, the chief financial officer directly owned 26,932 shares in the company, valued at $7,493,829. This trade represents a 48.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 46,295 shares of company stock worth $13,011,918. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Down 0.2%

Shares of NYSE:TRV opened at $293.11 on Friday. The company has a market cap of $65.38 billion, a PE ratio of 11.53, a P/E/G ratio of 2.88 and a beta of 0.53. The company’s 50-day moving average price is $280.51 and its 200 day moving average price is $272.64. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $296.85. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the prior year, the firm earned $5.24 EPS. Travelers Companies’s quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

Analyst Ratings Changes

A number of equities analysts have commented on TRV shares. Barclays set a $313.00 price objective on shares of Travelers Companies in a report on Wednesday, October 8th. Wolfe Research assumed coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating for the company. UBS Group boosted their price objective on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Piper Sandler raised their target price on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Finally, Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $294.25.

About Travelers Companies

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.