Prospera Financial Services Inc Sells 742 Shares of The Travelers Companies, Inc. $TRV

Prospera Financial Services Inc reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 4.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,631 shares of the insurance provider’s stock after selling 742 shares during the period. Prospera Financial Services Inc’s holdings in Travelers Companies were worth $4,183,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Travelers Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock worth $5,747,656,000 after purchasing an additional 115,808 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after purchasing an additional 3,611,758 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Travelers Companies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock valued at $899,988,000 after purchasing an additional 25,573 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Travelers Companies by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after buying an additional 390,104 shares during the period. Finally, Bahl & Gaynor Inc. raised its stake in shares of Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after buying an additional 490,039 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.2%

NYSE TRV opened at $279.52 on Monday. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market cap of $62.35 billion, a P/E ratio of 10.99, a P/E/G ratio of 2.38 and a beta of 0.55. The stock’s 50-day moving average is $274.23 and its 200-day moving average is $268.85.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The business had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $5.24 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wolfe Research assumed coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating for the company. Piper Sandler raised their price target on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, UBS Group boosted their target price on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $291.31.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 25,000 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the sale, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at approximately $7,493,829. The trade was a 48.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 50,392 shares of company stock valued at $13,945,170. 1.46% of the stock is owned by corporate insiders.

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.