Benin Management reduced its stake in Travelers Companies Inc (NYSE:TRV) by 48.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 33,400 shares of the company’s stock after selling 31,400 shares during the period. Travelers Companies accounts for about 2.1% of Benin Management’s portfolio, making the stock its 19th largest position. Benin Management’s holdings in Travelers Companies were worth $3,770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TRV. Lowe FS bought a new position in Travelers Companies during the third quarter worth $15,000. Searle & Company bought a new position in Travelers Companies during the fourth quarter worth $273,000. Natixis Asset Management boosted its position in Travelers Companies by 52.3% in the third quarter. Natixis Asset Management now owns 2,762 shares of the company’s stock worth $275,000 after buying an additional 949 shares during the last quarter. First Premier Bank bought a new position in Travelers Companies during the fourth quarter worth $293,000. Finally, Fisher Asset Management boosted its position in Travelers Companies by 40.5% in the fourth quarter. Fisher Asset Management now owns 3,059 shares of the company’s stock worth $345,000 after buying an additional 882 shares during the last quarter.

Shares of Travelers Companies Inc (NYSE:TRV) traded up 0.54% during midday trading on Thursday, hitting $103.87. The company’s stock had a trading volume of 317,095 shares. The firm has a 50-day moving average of $109.04 and a 200 day moving average of $106.93. Travelers Companies Inc has a 12-month low of $95.21 and a 12-month high of $116.48. The firm has a market cap of $30.74 billion and a price-to-earnings ratio of 9.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, January 21st. The company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.25. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same period last year, the business earned $3.07 EPS. Travelers Companies’s revenue was up .7% compared to the same quarter last year. On average, equities research analysts predict that Travelers Companies Inc will post $9.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 31st. Shareholders of record on Thursday, March 10th will be paid a dividend of $0.61 per share. The ex-dividend date is Tuesday, March 8th. This represents a $2.44 annualized dividend and a yield of 2.36%.

A number of research firms recently commented on TRV. Zacks Investment Research cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Tuesday, December 22nd. Argus boosted their price target on Travelers Companies from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, October 26th. BMO Capital Markets boosted their price target on Travelers Companies from $113.00 to $115.00 in a report on Friday, January 15th. Macquarie boosted their price target on Travelers Companies from $90.00 to $92.00 in a report on Tuesday, January 19th. Finally, RBC Capital lowered their price target on Travelers Companies from $120.00 to $118.00 and set an “outperform” rating on the stock in a report on Friday, January 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Travelers Companies has a consensus rating of “Hold” and an average target price of $114.71.

In other Travelers Companies news, CFO Jay S. Benet sold 75,121 shares of the firm’s stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $115.34, for a total transaction of $8,664,456.14. Following the completion of the sale, the chief financial officer now owns 53,998 shares of the company’s stock, valued at $6,228,129.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Brian W. Maclean sold 40,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $113.55, for a total value of $4,542,000.00. Following the sale, the chief operating officer now directly owns 90,399 shares of the company’s stock, valued at approximately $10,264,806.45. The disclosure for this sale can be found here.

The Travelers Companies, Inc. is a holding company. Through its subsidiaries, the Company is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, Government units, associations and individuals. The Company has three operating segments: Business and International Insurance segment, Bond & Specialty Insurance segment and the Personal Insurance segment. Business and International Insurance segment offers a range of property and casualty insurance and insurance related services to its customers, primarily in the United States, as well as in Canada, the United Kingdom, the Republic of Ireland and throughout other parts of the world. Bond & Specialty Insurance segment provides surety, crime, management and professional liability coverages, and related risk management services. Personal Insurance segment includes a range of property and casualty insurance covering individuals’ personal risks.

12 Month Chart for NYSE:TRV

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