Apollon Wealth Management LLC Cuts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Apollon Wealth Management LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 16.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,292 shares of the insurance provider’s stock after selling 653 shares during the quarter. Apollon Wealth Management LLC’s holdings in Travelers Companies were worth $793,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TRV. Brookstone Capital Management increased its holdings in shares of Travelers Companies by 8.9% during the 3rd quarter. Brookstone Capital Management now owns 1,438 shares of the insurance provider’s stock valued at $337,000 after purchasing an additional 117 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Travelers Companies during the 3rd quarter valued at approximately $899,000. CHICAGO TRUST Co NA purchased a new stake in Travelers Companies in the 3rd quarter worth $236,000. ORG Wealth Partners LLC purchased a new stake in Travelers Companies in the 3rd quarter worth $68,000. Finally, CX Institutional increased its holdings in Travelers Companies by 1,264.7% in the 3rd quarter. CX Institutional now owns 18,996 shares of the insurance provider’s stock worth $4,447,000 after acquiring an additional 17,604 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 0.0 %

Shares of TRV stock opened at $242.37 on Wednesday. The company’s 50-day moving average price is $244.40 and its 200-day moving average price is $240.24. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market cap of $55.02 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.08 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the company posted $7.01 earnings per share. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts predict that The Travelers Companies, Inc. will post 20.57 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. Travelers Companies’s payout ratio is currently 19.56%.

Wall Street Analysts Forecast Growth

TRV has been the subject of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Finally, HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $260.47.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is currently 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.