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

Benedict Financial Advisors Inc. cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,171 shares of the insurance provider’s stock after selling 202 shares during the period. Travelers Companies accounts for about 2.1% of Benedict Financial Advisors Inc.’s portfolio, making the stock its 8th largest holding. Benedict Financial Advisors Inc.’s holdings in Travelers Companies were worth $8,713,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Ledyard National Bank grew its holdings in shares of Travelers Companies by 1.9% during the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after purchasing an additional 39 shares during the period. Trueblood Wealth Management LLC boosted its stake in Travelers Companies by 2.3% during the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after buying an additional 41 shares during the period. Cornell Pochily Investment Advisors Inc. increased its position in shares of Travelers Companies by 2.9% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after acquiring an additional 42 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in shares of Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 44 shares during the period. Finally, Willner & Heller LLC lifted its holdings in shares of Travelers Companies by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after acquiring an additional 45 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TRV has been the topic of a number of research reports. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Stock Down 1.0 %

TRV stock opened at $245.13 on Friday. The firm has a 50 day simple moving average of $244.82 and a 200 day simple moving average of $239.56. The firm has a market cap of $55.65 billion, a PE ratio of 11.42, a P/E/G ratio of 1.08 and a beta of 0.64. 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 Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the company posted $7.01 earnings per share. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts forecast that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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

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.