Apollon Wealth Management LLC Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Apollon Wealth Management LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 8.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,584 shares of the insurance provider’s stock after buying an additional 292 shares during the period. Apollon Wealth Management LLC’s holdings in Travelers Companies were worth $948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of TRV. Vanguard Group Inc. grew its holdings in Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after buying an additional 117,108 shares in the last quarter. FMR LLC grew its holdings in shares of Travelers Companies by 1.6% in the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider’s stock worth $3,439,392,000 after purchasing an additional 229,160 shares during the last quarter. Geode Capital Management LLC increased its holdings in Travelers Companies by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider’s stock worth $1,269,321,000 after purchasing an additional 182,270 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Travelers Companies by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider’s stock valued at $903,937,000 after buying an additional 70,036 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock valued at $844,854,000 after buying an additional 2,466,098 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research note on Monday, March 24th. Barclays downgraded Travelers Companies from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an “equal weight” rating in a report on Monday, May 19th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $273.28.

Travelers Companies Stock Performance

NYSE TRV opened at $262.16 on Friday. The Travelers Companies, Inc. has a twelve month low of $202.95 and a twelve month high of $277.83. The stock has a market cap of $59.21 billion, a P/E ratio of 14.27, a PEG ratio of 3.72 and a beta of 0.51. The company’s 50-day simple moving average is $266.00 and its 200 day simple moving average is $256.07. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $2.99. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. Travelers Companies’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.51 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the sale, the insider owned 255,086 shares in the company, valued at $70,021,107. This represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,365,363.36. This represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock worth $44,868,201 in the last quarter. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies 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.