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

Apollon Wealth Management LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 14.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,945 shares of the insurance provider’s stock after purchasing an additional 511 shares during the period. Apollon Wealth Management LLC’s holdings in Travelers Companies were worth $924,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies in the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies during the 1st quarter valued at about $35,000. Beacon Capital Management LLC grew its position in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC grew its position in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at about $50,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total transaction of $523,640.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $65,099,840. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,999 shares of company stock worth $16,580,166 in the last ninety days. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Up 1.7 %

NYSE TRV opened at $260.82 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company’s 50 day simple moving average is $243.91 and its 200 day simple moving average is $223.99. The Travelers Companies, Inc. has a 12 month low of $169.18 and a 12 month high of $269.55. The company has a market capitalization of $59.21 billion, a P/E ratio of 13.38, a PEG ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the previous year, the firm earned $1.95 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts expect that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies’s payout ratio is currently 21.54%.

Analyst Ratings Changes

TRV has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Piper Sandler lowered their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. UBS Group boosted their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their target price on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Finally, Morgan Stanley reduced their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $247.90.

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.