Ames National Corp Acquires New Holdings in The Travelers Companies
Financial news from MarketBeat reports that Ames National Corp has purchased new holdings in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter. According to the company's Form 13F filing with the Securities and Exchange Commission (SEC), Ames National Corp acquired 5,187 shares of TRV stock valued at approximately $1,712,000.
This new position makes up 0.9% of Ames National Corp's holdings, placing TRV as its 19th biggest holding among its portfolio. Other institutional investors have also recently added to or reduced their stakes in the company, with several notable purchases including Capstone Wealth Management Inc., Flavin Financial Services Inc., and Asset One Wealth Management LLC.
Wall Street analysts have forecasted growth for TRV, with Truist Financial increasing its price objective from $395.00 to $425.00 and giving a 'buy' rating. JPMorgan Chase & Co. upgraded shares of TRV from an 'underweight' rating to a 'neutral' rating, boosting the target price from $316.00 to $322.00.