Haverford Financial Services Inc. Invests $7.05 Million in The Travelers Companies, Inc. $TRV

Haverford Financial Services Inc. bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, Holdings Channel.com reports. The firm bought 31,961 shares of the insurance provider’s stock, valued at approximately $7,047,000. Travelers Companies accounts for about 2.1% of Haverford Financial Services Inc.’s holdings, making the stock its 19th largest position.

A number of other large investors have also recently made changes to their positions in TRV. Berman McAleer LLC grew its stake 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 buying an additional 30 shares during the last quarter. Willner & Heller LLC lifted its stake in Travelers Companies by 2.7% in the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after buying an additional 32 shares during the last quarter. Spinnaker Trust lifted its stake in Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after buying an additional 33 shares during the last quarter. Cim LLC raised its position in Travelers Companies by 0.4% in the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after purchasing an additional 34 shares during the last quarter. Finally, Avalon Trust Co boosted its stake in Travelers Companies by 0.4% during the 1st 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. 82.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRV has been the topic of several research reports. The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective on the stock. in a research report on Monday, July 20th. Truist Financial upped their price objective on Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Evercore set a $329.00 price objective on Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Finally, Bank of America boosted their target price on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Stock Up 0.1%

Shares of NYSE TRV opened at $363.83 on Monday. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The company has a market capitalization of $75.89 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm’s 50-day moving average is $352.28 and its two-hundred day moving average is $318.35.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share 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 business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period last year, the company posted $6.51 EPS. The company’s revenue was up .3% on a year-over-year basis. Equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued 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 13.39%.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 in the last ninety days. 1.39% of the stock is owned by insiders.

Travelers Companies Company Profile

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.