Forvis Mazars Wealth Advisors LLC Sells 482 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Forvis Mazars Wealth Advisors LLC decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,158 shares of the insurance provider’s stock after selling 482 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Travelers Companies were worth $3,411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $27,000. True Wealth Design LLC purchased a new stake in Travelers Companies in the 3rd quarter valued at about $41,000. Asset Planning Inc purchased a new stake in Travelers Companies in the 4th quarter valued at about $44,000. Catalyst Capital Advisors LLC bought a new position in Travelers Companies in the 3rd quarter worth about $50,000. Finally, Versant Capital Management Inc increased its position in shares of Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.6 %

NYSE:TRV opened at $239.90 on Monday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The stock’s fifty day moving average is $242.04 and its two-hundred day moving average is $241.97. The stock has a market capitalization of $54.39 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the business earned $7.01 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.75%. Travelers Companies’s dividend payout ratio is presently 19.56%.

Wall Street Analyst Weigh In

TRV has been the subject of several research reports. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a report on Thursday, November 21st. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. Barclays boosted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $261.05.

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.