The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 36,171 shares of the insurance provider’s stock after selling 202 shares during the period. Travelers Companies makes up approximately 2.1% of Benedict Financial Advisors Inc.’s portfolio, making the stock its 8th biggest position. Benedict Financial Advisors Inc.’s holdings in Travelers Companies were worth $8,713,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Entropy Technologies LP acquired a new position in Travelers Companies in the fourth quarter valued at about $2,578,000. Empowered Funds LLC raised its holdings in Travelers Companies by 97.5% in the fourth quarter. Empowered Funds LLC now owns 20,271 shares of the insurance provider’s stock worth $4,883,000 after purchasing an additional 10,006 shares during the period. Wilmington Savings Fund Society FSB boosted its position in shares of Travelers Companies by 26.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 11,754 shares of the insurance provider’s stock worth $2,831,000 after purchasing an additional 2,468 shares in the last quarter. D Orazio & Associates Inc. acquired a new stake in Travelers Companies during the 4th quarter worth $285,000. Finally, Kingsview Wealth Management LLC grew its stake in Travelers Companies by 0.6% in the fourth quarter. Kingsview Wealth Management LLC now owns 14,074 shares of the insurance provider’s stock valued at $3,390,000 after acquiring an additional 84 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Down 1.0 %

TRV stock opened at $245.13 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The stock has a market capitalization of $55.65 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.08 and a beta of 0.64. The business’s fifty day moving average price is $244.82 and its two-hundred day moving average price is $239.56.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $7.01 earnings per share. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 20.57 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Insider Activity

In related news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on TRV shares. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Wells Fargo & Company increased their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Barclays boosted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $260.47.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.