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

Harfst & Associates Inc. grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 27.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,918 shares of the insurance provider’s stock after purchasing an additional 1,910 shares during the quarter. Harfst & Associates Inc.’s holdings in Travelers Companies were worth $2,088,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TRV. JPMorgan Chase & Co. grew its holdings in Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after buying an additional 3,158,979 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Travelers Companies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock valued at $619,241,000 after acquiring an additional 165,708 shares during the last quarter. Legal & General Group Plc raised its stake in Travelers Companies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after purchasing an additional 37,029 shares during the last quarter. Boston Partners raised its stake in Travelers Companies by 16.4% in the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after purchasing an additional 196,011 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Travelers Companies by 8.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock valued at $233,769,000 after purchasing an additional 85,619 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.2 %

Shares of NYSE:TRV traded up $0.63 during midday trading on Friday, hitting $265.45. 1,579,506 shares of the company’s stock traded hands, compared to its average volume of 1,319,202. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $269.55. The company has a market cap of $60.50 billion, a PE ratio of 16.78, a P/E/G ratio of 1.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The firm’s fifty day moving average price is $231.88 and its two-hundred day moving average price is $219.65.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 earnings per share. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.09 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 26.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TRV shares. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $206.00 to $207.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Barclays initiated coverage on Travelers Companies in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective for the company. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Bank of America raised their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $235.42.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were 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 in the company, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.33% of the company’s stock.

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.