Prostatis Group LLC Reduces Stock Position in The Travelers Companies, Inc. $TRV

Key Points

• Prostatis Group LLC reduced its stake in The Travelers Companies, Inc. by 17.7%, selling 934 shares and leaving it with 4,344 shares valued at approximately $1.15 million.
• Several institutional investors increased their holdings, with Lighthouse Investment Partners LLC notably growing its stake by 1,482.9%, holding over 119,000 shares valued at approximately $28.7 million.
• The Travelers Companies recently reported a $6.51 EPS, significantly beating analysts' expectations, and announced a quarterly dividend of $1.10 per share, yielding 1.6%.

Prostatis Group LLC lessened its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 17.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,344 shares of the insurance provider's stock after selling 934 shares during the quarter. Prostatis Group LLC's holdings in Travelers Companies were worth $1,149,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TRV. Cornerstone Planning Group LLC raised its holdings in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after purchasing an additional 84 shares during the period. Putney Financial Group LLC bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $26,000. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $26,000. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies during the 1st quarter valued at $26,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Travelers Companies during the 4th quarter valued at $33,000. Institutional investors own 82.45% of the company's stock.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction dated 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 can be found here. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Down 0.2%

TRV stock traded down $0.61 during trading on Friday, reaching $278.83. The company had a trading volume of 852,100 shares, compared to its average volume of 1,107,784. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70. The company has a market cap of $62.77 billion, a P/E ratio of 12.33, a PEG ratio of 3.21 and a beta of 0.53. The business has a 50 day moving average of $266.13 and a 200 day moving average of $263.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the firm earned $2.51 earnings per share. Travelers Companies's revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio is presently 19.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $280.00 to $274.00 in a report on Monday, July 7th. Finally, UBS Group boosted their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $284.56.

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.