Haverford Trust Co Takes $149.68 Million Position in The Travelers Companies, Inc. $TRV

Haverford Trust Co bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, Holdings Channel reports. The firm bought 678,832 shares of the insurance provider’s stock, valued at approximately $149,676,000. Travelers Companies comprises approximately 1.3% of Haverford Trust Co’s portfolio, making the stock its 21st biggest holding.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock valued at $6,413,207,000 after purchasing an additional 110,311 shares during the last quarter. BlackRock Inc. acquired a new position in Travelers Companies in the second quarter worth $6,915,909,000. State Street Corp grew its holdings in shares of Travelers Companies by 3.1% during the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the last quarter. Morgan Stanley increased its stake in shares of Travelers Companies by 2.3% in the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after buying an additional 85,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Travelers Companies by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after buying an additional 123,564 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TRV shares. Citigroup reiterated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research report on Tuesday, May 26th. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a research note on Monday, July 20th. UBS Group upped their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, HSBC increased their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $354.26.

Insider Buying and Selling

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares of the company’s stock, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 62,667 shares of company stock worth $22,688,329 over the last quarter. Insiders own 1.39% of the company’s stock.

Travelers Companies Stock Performance

TRV stock opened at $363.83 on Monday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. 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 company has a market cap 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. The business’s fifty day moving average is $352.28 and its 200-day moving average is $318.35.

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

Travelers Companies Announces Dividend

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

Travelers Companies 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.