Haverford Trust Co Invests $1.72 Million in The Travelers Companies, Inc. $TRV

Haverford Trust Co acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,219 shares of the insurance provider’s stock, valued at approximately $1,723,000.

Other large investors have also added to or reduced their stakes in the company. Berman McAleer LLC grew its holdings in Travelers Companies by 3.5% during the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after acquiring an additional 30 shares during the last quarter. Willner & Heller LLC increased its position in Travelers Companies by 2.7% in the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after acquiring an additional 32 shares during the period. Spinnaker Trust raised its stake in shares of Travelers Companies by 1.7% during the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after acquiring an additional 33 shares during the last quarter. Cim LLC raised its stake in shares of Travelers Companies by 0.4% during the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after acquiring an additional 34 shares during the last quarter. Finally, Avalon Trust Co lifted its holdings in shares of Travelers Companies by 0.4% during the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after purchasing an additional 35 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on TRV shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Roth Capital raised their target price on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Raymond James Financial set a $430.00 target price on Travelers Companies in a report on Monday, July 20th. TD Cowen lowered 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. Finally, Mizuho increased their price target on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $354.26.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This represents a 18.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. This represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 62,667 shares of company stock worth $22,688,329. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Stock Up 0.1%

Shares of NYSE TRV opened at $363.83 on Monday. The company’s 50 day moving average price is $352.28 and its 200-day moving average price is $318.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The company has a market capitalization of $75.89 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45.

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

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

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.