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

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

A number of other institutional investors and hedge funds have also modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after purchasing an additional 41 shares during the last quarter. Quent Capital LLC grew its stake in shares of Travelers Companies by 3.3% in the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after acquiring an additional 43 shares during the last quarter. Salem Investment Counselors Inc. increased its position in Travelers Companies by 5.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock worth $218,000 after acquiring an additional 44 shares during the period. Somerset Trust Co grew its position in Travelers Companies by 5.2% in the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock worth $221,000 after purchasing an additional 45 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its position in shares of Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock valued at $555,000 after buying an additional 46 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Up 1.4 %

Shares of NYSE:TRV traded up $3.57 during trading on Friday, hitting $256.05. 1,682,102 shares of the company's stock were exchanged, compared to its average volume of 1,288,744. The firm has a 50-day moving average price of $252.42 and a two-hundred day moving average price of $249.36. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. The firm 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. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

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, beating analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the prior year, the business posted $4.69 EPS. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared 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 is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.72%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted 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. BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. UBS Group lowered 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 note on Wednesday, April 9th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies 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.