UNIVEST FINANCIAL Corp Invests $486,000 in The Travelers Companies, Inc. $TRV

UNIVEST FINANCIAL Corp acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,472 shares of the insurance provider’s stock, valued at approximately $486,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Travelers Companies in the 2nd quarter worth $6,915,909,000. Norges Bank bought a new stake in Travelers Companies during the fourth quarter valued at about $723,339,000. Bank of New York Mellon Corp purchased a new position in shares of Travelers Companies in the second quarter valued at about $469,505,000. Deutsche Bank AG purchased a new position in shares of Travelers Companies in the second quarter valued at about $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Travelers Companies in the second quarter worth about $205,539,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares in the company, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Trading Down 1.6%

Shares of TRV stock opened at $364.50 on Tuesday. 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 stock has a market capitalization of $76.03 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The stock’s 50-day moving average price is $347.35 and its 200-day moving average price is $316.08.

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

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued 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 of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 13.39%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TRV. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Truist Financial boosted their price target on Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, July 20th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Cantor Fitzgerald increased their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Finally, TD Cowen cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research report on Monday, July 13th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $354.26.

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.