Benedict Financial Advisors Inc. grew its position in shares of Travelers Companies Inc (NYSE:TRV) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,467 shares of the insurance provider’s stock after purchasing an additional 544 shares during the quarter. Travelers Companies makes up about 1.4% of Benedict Financial Advisors Inc.’s holdings, making the stock its 26th largest position. Benedict Financial Advisors Inc.’s holdings in Travelers Companies were worth $3,044,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. WINTON GROUP Ltd grew its holdings in shares of Travelers Companies by 4,004.9% during the third quarter. WINTON GROUP Ltd now owns 116,580 shares of the insurance provider’s stock worth $15,122,000 after purchasing an additional 113,740 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Travelers Companies by 1.1% during the third quarter. American Century Companies Inc. now owns 306,269 shares of the insurance provider’s stock worth $39,726,000 after purchasing an additional 3,240 shares during the last quarter. Stockman Wealth Management Inc. grew its holdings in shares of Travelers Companies by 27.7% during the third quarter. Stockman Wealth Management Inc. now owns 2,097 shares of the insurance provider’s stock worth $272,000 after purchasing an additional 455 shares during the last quarter. Canandaigua National Bank & Trust Co. grew its holdings in shares of Travelers Companies by 2.0% during the third quarter. Canandaigua National Bank & Trust Co. now owns 27,903 shares of the insurance provider’s stock worth $3,619,000 after purchasing an additional 552 shares during the last quarter. Finally, Buckingham Asset Management LLC grew its holdings in shares of Travelers Companies by 18.1% during the third quarter. Buckingham Asset Management LLC now owns 3,050 shares of the insurance provider’s stock worth $396,000 after purchasing an additional 468 shares during the last quarter. 79.33% of the stock is currently owned by institutional investors.
NYSE TRV opened at $126.53 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.39 and a current ratio of 0.39. Travelers Companies Inc has a 52-week low of $119.67 and a 52-week high of $150.55. The stock has a market cap of $33.08 billion, a P/E ratio of 17.38, a P/E/G ratio of 0.99 and a beta of 1.19.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 EPS for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.28. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.83 billion. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. Analysts predict that Travelers Companies Inc will post 9.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 10th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $3.08 dividend on an annualized basis and a yield of 2.43%. Travelers Companies’s payout ratio is currently 42.31%.
A number of equities analysts recently issued reports on the company. TheStreet lowered Travelers Companies from a “b” rating to a “c+” rating in a report on Thursday, July 19th. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. MKM Partners lowered their price target on Travelers Companies to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 24th. B. Riley raised their price target on Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Finally, Citigroup raised their price target on Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, July 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Travelers Companies presently has a consensus rating of “Hold” and an average target price of $136.36.
In related news, EVP Andy F. Bessette sold 8,892 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $130.78, for a total value of $1,162,895.76. Following the completion of the sale, the executive vice president now owns 10,551 shares in the company, valued at $1,379,859.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Jay S. Benet sold 8,876 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the completion of the sale, the insider now owns 94,176 shares of the company’s stock, valued at approximately $12,431,232. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.
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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.
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