The Travelers Companies, Inc. $TRV Shares Sold by Forum Financial Management LP

Forum Financial Management LP cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 71.2% in the first quarter, Holdings Channel.com reports. The fund owned 1,334 shares of the insurance provider’s stock after selling 3,302 shares during the quarter. Forum Financial Management LP’s holdings in Travelers Companies were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC increased its position in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. Osterweis Capital Management Inc. grew its position in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $28,000. Finally, Entrust Financial LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $330.48 on Wednesday. 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 Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $334.14. The stock’s 50-day moving average is $304.48 and its two-hundred day moving average is $297.02. The firm has a market cap of $70.28 billion, a P/E ratio of 9.83, a PEG ratio of 2.99 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the previous year, the company earned $1.91 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year. Analysts predict that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.5%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, June 10th. Travelers Companies’s dividend payout ratio is 14.88%.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent research reports. BMO Capital Markets increased their price target on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and upped their target price for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Barclays lowered Travelers Companies from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $331.00 to $295.00 in a report on Friday, June 12th. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Finally, Brean Capital started coverage on Travelers Companies in a research note on Thursday, March 12th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $309.07.

Insider Buying and Selling

In related news, insider Avrohom J. Kess sold 6,735 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the transaction, the insider directly owned 48,737 shares of the company’s stock, valued at approximately $15,049,010.86. This trade represents a 12.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is owned by corporate insiders.

Travelers Companies 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.