Haverford Financial Services Inc. Buys New Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Haverford Financial Services acquired 31,961 shares of Travelers Companies worth approximately $7.05 million, making TRV its 19th-largest holding and 2.1% of its portfolio. Institutional investors collectively own 82.45% of the stock.
• Travelers reported quarterly EPS of $10.04, far exceeding the $5.41 consensus estimate, while revenue reached $12.15 billion versus expectations of $11.26 billion. The company also maintained a quarterly dividend of $1.25 per share, yielding about 1.4% annually.
• Analyst sentiment remains mixed: the stock has an overall “Hold” rating and an average price target of $354.26, below its reported opening price of $363.83. Two executives sold a combined 11,000 shares in July, and insiders have sold $22.7 million of stock over the past quarter.

Haverford Financial Services Inc. acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 31,961 shares of the insurance provider's stock, valued at approximately $7,047,000. Travelers Companies accounts for 2.1% of Haverford Financial Services Inc.'s portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $6,915,909,000. Norges Bank purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $723,339,000. GQG Partners LLC purchased a new stake in shares of Travelers Companies during the second quarter worth about $789,024,000. Bank of New York Mellon Corp acquired a new position in shares of Travelers Companies during the 2nd quarter worth about $469,505,000. Finally, Deutsche Bank AG acquired a new position in shares of Travelers Companies during the 2nd quarter worth about $301,772,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the firm's stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at $16,519,811.25. This trade represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the firm's stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. 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 quarter. 1.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TRV has been the topic of several research analyst reports. BMO Capital Markets cut Travelers Companies from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. UBS Group increased their target price on Travelers Companies from $314.00 to $350.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Piper Sandler lifted their price target on Travelers Companies to $340.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Finally, The Goldman Sachs Group cut Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price target for the company. in a research report on Monday, July 20th. Four investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $354.26.

Travelers Companies Stock Performance

NYSE:TRV opened at $363.83 on Monday. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. 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 company has a 50 day moving average price of $352.28 and a 200 day moving average price of $318.35. The stock has a market capitalization of $75.89 billion, a P/E ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45.

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

Travelers Companies Dividend Announcement

The business 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 dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies's dividend payout ratio is currently 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.

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