Harfst & Associates Inc. Has $2.33 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Harfst & Associates Inc. increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,691 shares of the insurance provider’s stock after purchasing an additional 773 shares during the period. Harfst & Associates Inc.’s holdings in Travelers Companies were worth $2,334,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the fourth quarter worth $27,000. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the third quarter worth $41,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies during the fourth quarter worth $44,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies during the third quarter worth $50,000. Finally, Versant Capital Management Inc grew its stake in shares of Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TRV shares. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Tuesday, December 10th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Finally, Barclays boosted their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Stock Performance

TRV opened at $248.61 on Thursday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The firm has a market capitalization of $56.37 billion, a PE ratio of 11.58, a PEG ratio of 4.65 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The business’s 50-day simple moving average is $242.50 and its 200 day simple moving average is $242.55.

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

Travelers Companies Announces Dividend

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

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.