Harvest Fund Management Co. Ltd Has $389,000 Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Harvest Fund Management Co. Ltd increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 206.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & 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 quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vinva Investment Management Ltd grew its position in Travelers Companies by 43.9% during the fourth quarter. Vinva Investment Management Ltd now owns 18,260 shares of the insurance provider’s stock worth $4,380,000 after buying an additional 5,573 shares in the last quarter. Stokes Family Office LLC acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $224,000. VSM Wealth Advisory LLC acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $80,000. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Travelers Companies by 32.5% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,175 shares of the insurance provider’s stock valued at $524,000 after purchasing an additional 534 shares in the last quarter. Finally, Enhancing Capital LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $289,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Tuesday, December 10th. BMO Capital Markets lifted their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group upgraded shares of 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. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $256.70 on Friday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock has a market capitalization of $58.20 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 4.65 and a beta of 0.60. 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 firm has a fifty day moving average of $248.29 and a two-hundred day moving average of $246.93.

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

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 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.