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

Apollon Wealth Management LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 16.6% during the fourth quarter, Holdings Channel reports. The firm 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Joel Isaacson & Co. LLC increased its stake in shares of Travelers Companies by 59.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 5,095 shares of the insurance provider’s stock worth $1,227,000 after buying an additional 1,901 shares during the period. Lecap Asset Management Ltd. purchased a new stake in shares of Travelers Companies during the fourth quarter worth approximately $2,864,000. Keystone Financial Group Inc. purchased a new stake in shares of Travelers Companies during the fourth quarter worth approximately $275,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Travelers Companies during the fourth quarter worth approximately $343,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of Travelers Companies by 0.7% during the fourth quarter. GHP Investment Advisors Inc. now owns 50,738 shares of the insurance provider’s stock worth $12,222,000 after buying an additional 344 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % 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, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TRV shares. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Barclays increased their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research note on Thursday, November 21st. Finally, HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $242.37 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The stock has a fifty day moving average price of $244.40 and a 200 day moving average price of $240.24. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The company has a market cap of $55.02 billion, a PE ratio of 11.29, a P/E/G ratio of 1.08 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $7.01 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 20.57 EPS for the current year.

Travelers Companies Announces Dividend

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

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.