Finward Bancorp Invests $602,000 in The Travelers Companies, Inc. (NYSE:TRV)

Finward Bancorp acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,500 shares of the insurance provider's stock, valued at approximately $602,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridgewater Associates LP increased its holdings in shares of Travelers Companies by 38.7% during the 4th quarter. Bridgewater Associates LP now owns 92,450 shares of the insurance provider's stock worth $22,270,000 after purchasing an additional 25,787 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Travelers Companies in the 4th quarter valued at approximately $23,820,000. Dagco Inc. lifted its position in shares of Travelers Companies by 2.4% in the 4th quarter. Dagco Inc. now owns 6,546 shares of the insurance provider's stock worth $1,577,000 after acquiring an additional 152 shares during the period. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $889,000. Finally, Mariner LLC grew its holdings in shares of Travelers Companies by 19.3% during the 4th quarter. Mariner LLC now owns 58,442 shares of the insurance provider's stock worth $14,078,000 after purchasing an additional 9,465 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Down 0.4 %

TRV stock traded down $0.98 during midday trading on Monday, reaching $254.88. The stock had a trading volume of 581,585 shares, compared to its average volume of 1,283,599. 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 Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The firm has a market cap of $57.79 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 4.65 and a beta of 0.48. The business has a fifty day simple moving average of $252.42 and a two-hundred day simple moving average of $249.58.

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

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is currently 23.95%.

Analysts Set New Price Targets

Several brokerages recently commented on TRV. BMO Capital Markets raised their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. The Goldman Sachs Group upgraded shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. UBS Group decreased their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research report on Monday, March 24th. Finally, StockNews.com raised Travelers Companies from a "hold" rating to a "buy" rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $267.32.

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.