Forvis Mazars Wealth Advisors LLC Sells 304 Shares of The Travelers Companies, Inc. $TRV

Forvis Mazars Wealth Advisors LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,775 shares of the insurance provider’s stock after selling 304 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Travelers Companies were worth $3,953,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Chicago Partners Investment Group LLC raised its stake in shares of Travelers Companies by 13.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,275 shares of the insurance provider’s stock worth $602,000 after purchasing an additional 263 shares in the last quarter. MB Levis & Associates LLC raised its stake in shares of Travelers Companies by 2.3% during the 2nd quarter. MB Levis & Associates LLC now owns 6,150 shares of the insurance provider’s stock worth $1,645,000 after purchasing an additional 136 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Travelers Companies by 2.2% during the 2nd quarter. International Assets Investment Management LLC now owns 2,124 shares of the insurance provider’s stock worth $568,000 after purchasing an additional 46 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in Travelers Companies by 1.3% in the 2nd quarter. Koshinski Asset Management Inc. now owns 28,451 shares of the insurance provider’s stock valued at $7,612,000 after acquiring an additional 363 shares during the period. Finally, Citizens Business Bank raised its stake in Travelers Companies by 0.6% in the 2nd quarter. Citizens Business Bank now owns 22,131 shares of the insurance provider’s stock valued at $5,921,000 after acquiring an additional 128 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TRV shares. Morgan Stanley increased their price target on Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. JPMorgan Chase & Co. increased their price target on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research note on Thursday, October 9th. Barclays set a $313.00 price target on Travelers Companies in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $292.47.

Insider Buying and Selling at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $262.31 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.33. The stock’s fifty day moving average price is $273.93 and its two-hundred day moving average price is $266.31. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The firm has a market cap of $59.05 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 2.90 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same period in the prior year, the firm posted $5.24 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is currently 17.30%.

Travelers Companies Company 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.