Forum Financial Management LP Acquires 107 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Forum Financial Management LP boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,389 shares of the insurance provider’s stock after purchasing an additional 107 shares during the period. Forum Financial Management LP’s holdings in Travelers Companies were worth $1,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. YANKCOM Partnership bought a new stake in Travelers Companies during the 4th quarter worth approximately $27,000. Generali Investments Management Co LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $37,000. Asset Planning Inc bought a new stake in shares of Travelers Companies during the 4th quarter valued at $44,000. Providence First Trust Co purchased a new position in shares of Travelers Companies during the 4th quarter valued at $48,000. Finally, IMG Wealth Management Inc. purchased a new stake in Travelers Companies in the 4th quarter worth $55,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV opened at $256.05 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $252.42 and a 200 day moving average of $249.36. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The stock has a market cap of $58.05 billion, a P/E ratio of 11.93, a PEG ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the prior year, the business posted $4.69 earnings per share. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.72%. Travelers Companies’s dividend payout ratio (DPR) is 23.95%.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent analyst reports. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Evercore ISI boosted their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a report on Tuesday, April 8th. Jefferies Financial Group raised their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Finally, UBS Group dropped their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $267.32.

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.