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

Harvest Fund Management Co. Ltd raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1,405.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 527 shares of the insurance provider’s stock after purchasing an additional 492 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Travelers Companies were worth $123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new position in shares of Travelers Companies during the third quarter valued at approximately $1,106,000. Daiwa Securities Group Inc. increased its position in Travelers Companies by 4.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 105,387 shares of the insurance provider’s stock valued at $24,673,000 after purchasing an additional 4,505 shares during the period. Summit Trail Advisors LLC increased its position in Travelers Companies by 36.6% during the 3rd quarter. Summit Trail Advisors LLC now owns 2,305 shares of the insurance provider’s stock valued at $540,000 after purchasing an additional 618 shares during the period. Journey Advisory Group LLC raised its holdings in Travelers Companies by 15.3% in the 3rd quarter. Journey Advisory Group LLC now owns 3,010 shares of the insurance provider’s stock worth $705,000 after purchasing an additional 400 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Travelers Companies by 191.9% in the 3rd quarter. Larson Financial Group LLC now owns 2,207 shares of the insurance provider’s stock worth $517,000 after purchasing an additional 1,451 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock valued at $20,295,856 in the last ninety days. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $266.66 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $60.54 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The business has a 50-day simple moving average of $248.18 and a two-hundred day simple moving average of $226.96. The Travelers Companies, Inc. has a fifty-two week low of $175.88 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.95 EPS. On average, analysts expect that The Travelers Companies, Inc. will post 18.83 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TRV shares. The Goldman Sachs Group boosted their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Roth Mkm raised their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. UBS Group lifted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a report on Thursday, November 21st. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $251.15.

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.