The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Harfst & Associates Inc.

Harfst & Associates Inc. raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 27.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,918 shares of the insurance provider’s stock after buying an additional 1,910 shares during the period. Harfst & Associates Inc.’s holdings in Travelers Companies were worth $2,088,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Y.D. More Investments Ltd purchased a new position in shares of Travelers Companies in the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies during the first quarter worth approximately $35,000. Beacon Capital Management LLC lifted its position in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at $42,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $0.63 during trading on Friday, reaching $265.45. The company’s stock had a trading volume of 1,579,506 shares, compared to its average volume of 1,319,202. The business has a 50 day moving average price of $231.88 and a 200-day moving average price of $219.65. The company has a market capitalization of $60.50 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the prior year, the company posted $1.95 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.09 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.58%. Travelers Companies’s payout ratio is 26.55%.

Wall Street Analyst Weigh In

TRV has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Bank of America upped their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Morgan Stanley decreased their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Finally, TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $235.42.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.33% of the company’s stock.

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.