Haverford Trust Co Purchases New Holdings in The Travelers Companies, Inc. $TRV

Haverford Trust Co purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,219 shares of the insurance provider’s stock, valued at approximately $1,723,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Clear Harbor Asset Management LLC acquired a new stake in shares of Travelers Companies during the 2nd quarter worth $987,000. Davis Asset Management L.P. acquired a new position in Travelers Companies in the second quarter valued at about $1,206,000. First Nebraska Trust Co acquired a new position in Travelers Companies in the second quarter valued at about $480,000. Bank of Nova Scotia bought a new stake in Travelers Companies during the second quarter worth about $19,949,000. Finally, Kirtland Hills Capital Management LLC bought a new stake in Travelers Companies during the second quarter worth about $2,006,000. Institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares of the company’s stock, valued at $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,667 shares of company stock worth $22,688,329 over the last 90 days. Insiders own 1.39% of the company’s stock.

Travelers Companies Stock Performance

Travelers Companies stock opened at $363.83 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market cap of $75.89 billion, a PE ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The business’s 50-day moving average price is $352.28 and its two-hundred day moving average price is $318.35.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the prior year, the business earned $6.51 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial raised their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a report on Monday, July 20th. Cantor Fitzgerald upped their price target on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target on the stock. in a research report on Monday, July 13th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Finally, Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $354.26.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.