Harfst & Associates Inc. Acquires 773 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Harfst & Associates Inc. raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,691 shares of the insurance provider’s stock after buying an additional 773 shares during the period. Harfst & Associates Inc.’s holdings in Travelers Companies were worth $2,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRV. J.W. Cole Advisors Inc. raised its stake in Travelers Companies by 4.9% in the third quarter. J.W. Cole Advisors Inc. now owns 4,944 shares of the insurance provider’s stock valued at $1,157,000 after buying an additional 229 shares during the period. Pallas Capital Advisors LLC bought a new stake in Travelers Companies in the third quarter valued at approximately $366,000. abrdn plc raised its stake in Travelers Companies by 2.6% in the third quarter. abrdn plc now owns 378,304 shares of the insurance provider’s stock valued at $88,671,000 after buying an additional 9,726 shares during the period. Valmark Advisers Inc. bought a new stake in Travelers Companies in the third quarter valued at approximately $209,000. Finally, Fidelis Capital Partners LLC bought a new stake in Travelers Companies in the third quarter valued at approximately $259,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TRV. Barclays increased their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Trading Down 1.5 %

Shares of TRV stock opened at $248.61 on Thursday. The stock’s fifty day moving average price is $242.50 and its two-hundred day moving average price is $242.55. The company has a market cap of $56.37 billion, a PE ratio of 11.58, a P/E/G ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $7.01 EPS. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

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.