UNIVEST FINANCIAL Corp Takes Position in The Travelers Companies, Inc. $TRV

UNIVEST FINANCIAL Corp bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,472 shares of the insurance provider’s stock, valued at approximately $486,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after buying an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in Travelers Companies during the 4th quarter valued at $276,000. WINTON GROUP Ltd bought a new position in Travelers Companies in the 2nd quarter valued at $382,000. CIBC Asset Management Inc increased its stake in Travelers Companies by 13.9% in the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after purchasing an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in Travelers Companies by 2.0% in the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after purchasing an additional 2,117 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV opened at $364.50 on Tuesday. The company has a market capitalization of $76.03 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 3.52 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The business’s fifty day simple moving average is $347.35 and its 200-day simple moving average is $316.08.

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

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRV. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. BMO Capital Markets downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. Cantor Fitzgerald boosted their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a research note on Monday, July 20th. Finally, The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. in a research note on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $354.26.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at $2,048,789.58. The trade was a 44.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by corporate insiders.

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.