Benedict Financial Advisors Inc. Has $7.39 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Benedict Financial Advisors Inc. trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,337 shares of the insurance provider’s stock after selling 485 shares during the period. Travelers Companies makes up approximately 1.9% of Benedict Financial Advisors Inc.’s investment portfolio, making the stock its 10th largest holding. Benedict Financial Advisors Inc.’s holdings in Travelers Companies were worth $7,389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TRV. Vanguard Group Inc. boosted its stake in shares of Travelers Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after buying an additional 148,012 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after purchasing an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Travelers Companies by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after buying an additional 154,886 shares during the last quarter. Norges Bank acquired a new position in Travelers Companies during the fourth quarter worth $282,593,000. Finally, Charles Schwab Investment Management Inc. raised its position in Travelers Companies by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock worth $273,529,000 after acquiring an additional 40,114 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

TRV stock traded up $1.74 during mid-day trading on Friday, hitting $228.07. The stock had a trading volume of 1,466,474 shares, compared to its average volume of 1,334,908. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The firm has a market capitalization of $52.23 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.16 and a beta of 0.61. The firm has a fifty day simple moving average of $212.42 and a 200 day simple moving average of $215.86.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.84%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s payout ratio is presently 31.20%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TRV shares. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Citigroup upped their price objective on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Morgan Stanley reduced their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a research note on Monday, July 22nd. Finally, TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $252.00 to $230.00 in a report on Monday, July 15th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus target price of $223.78.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.33% of the company’s stock.

Travelers Companies Company Profile

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.