Harvest Fund Management Co. Ltd Raises Stake in The Travelers Companies, Inc. (NYSE:TRV)

Harvest Fund Management Co. Ltd boosted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 206.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,615 shares of the insurance provider's stock after buying an additional 1,088 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Travelers Companies were worth $389,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Elevate Capital Advisors LLC acquired a new stake in shares of Travelers Companies in the fourth quarter worth approximately $4,627,000. Erste Asset Management GmbH lifted its holdings in Travelers Companies by 1.0% in the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock valued at $2,414,000 after purchasing an additional 100 shares in the last quarter. Franklin Resources Inc. boosted its stake in Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock worth $32,646,000 after purchasing an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Travelers Companies by 34.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock worth $4,248,000 after buying an additional 4,665 shares in the last quarter. Finally, Czech National Bank raised its position in shares of Travelers Companies by 6.0% in the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock valued at $11,857,000 after buying an additional 2,792 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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Travelers Companies Trading Up 0.9 %

NYSE TRV traded up $2.28 during trading on Wednesday, hitting $261.73. The stock had a trading volume of 1,111,428 shares, compared to its average volume of 1,399,513. 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 company has a market capitalization of $59.34 billion, a PE ratio of 12.19, a PEG ratio of 4.65 and a beta of 0.60. The firm has a 50 day moving average price of $249.27 and a 200 day moving average price of $247.54. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.01 earnings per share. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies's payout ratio is currently 19.56%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a research report on Wednesday, January 8th. Hsbc Global Res downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday. Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and upped their target price for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $260.00.

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.