Foundation Resource Management Inc. Has $605,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Foundation Resource Management Inc. lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 13.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,286 shares of the insurance provider’s stock after selling 354 shares during the quarter. Foundation Resource Management Inc.’s holdings in Travelers Companies were worth $605,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies during the 4th quarter valued at about $276,000. Stratos Wealth Partners LTD. boosted its holdings in Travelers Companies by 6.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,804 shares of the insurance provider’s stock valued at $675,000 after acquiring an additional 167 shares during the period. Financial Advocates Investment Management lifted its holdings in Travelers Companies by 5.9% in the 4th quarter. Financial Advocates Investment Management now owns 1,033 shares of the insurance provider’s stock worth $249,000 after buying an additional 58 shares during the period. Finally, Kingsview Wealth Management LLC lifted its holdings in Travelers Companies by 0.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 14,074 shares of the insurance provider’s stock worth $3,390,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $273.85 on Monday. 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 stock has a market capitalization of $61.85 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The stock’s fifty day simple moving average is $262.55 and its 200-day simple moving average is $254.07. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $277.83.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during 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 period last year, the firm earned $4.69 earnings per share. Equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.61%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s dividend payout ratio is presently 23.95%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research analyst reports. UBS Group lowered their target price on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Hsbc Global Res lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Evercore ISI boosted their price target on Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Wall Street Zen upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Finally, Barclays lowered their price objective on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $271.11.

Insiders Place Their Bets

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 15,180 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,657,685.25. The trade was a 71.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the transaction, the insider now owns 255,086 shares in the company, valued at approximately $70,021,107. This trade represents a 0.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock valued at $44,868,201 over the last three months. 1.46% of the stock is currently owned by insiders.

About Travelers Companies

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.