Benjamin F. Edwards & Company Inc. Sells 609 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Benjamin F. Edwards & Company Inc. trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,721 shares of the insurance provider’s stock after selling 609 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Travelers Companies were worth $1,164,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TRV. Y.D. More Investments Ltd bought a new position in Travelers Companies in the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies during the 1st quarter worth $35,000. Beacon Capital Management LLC lifted its position in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Travelers Companies in the first quarter valued at about $42,000. Finally, Tributary Capital Management LLC acquired a new stake in Travelers Companies in the first quarter valued at about $45,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Up 0.3 %

NYSE TRV opened at $239.35 on Tuesday. The stock has a market capitalization of $54.81 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.26 and a beta of 0.62. The business has a 50 day simple moving average of $221.94 and a 200 day simple moving average of $217.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $243.48.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same period last year, the business earned $0.06 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts expect that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.75%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Morgan Stanley dropped their price target 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. Bank of America raised their price objective on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a report on Monday, July 22nd. Finally, Barclays began coverage on Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 target price for the company. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $227.05.

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.