Apollon Wealth Management LLC Lowers Position in The Travelers Companies, Inc. $TRV

Apollon Wealth Management LLC lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 6.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,362 shares of the insurance provider’s stock after selling 222 shares during the period. Apollon Wealth Management LLC’s holdings in Travelers Companies were worth $900,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bearing Point Capital LLC raised its position in shares of Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock worth $522,000 after buying an additional 38 shares in the last quarter. Forum Financial Management LP raised its position in shares of Travelers Companies by 0.9% in the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock worth $1,171,000 after buying an additional 39 shares in the last quarter. Y.D. More Investments Ltd raised its position in shares of Travelers Companies by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock worth $84,000 after buying an additional 39 shares in the last quarter. Park National Corp OH raised its position in Travelers Companies by 1.6% during the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after purchasing an additional 40 shares in the last quarter. Finally, ORG Partners LLC raised its position in Travelers Companies by 5.6% during the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock valued at $207,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.9%

TRV opened at $275.59 on Wednesday. The company has a market cap of $62.04 billion, a P/E ratio of 12.19, a P/E/G ratio of 3.03 and a beta of 0.51. The business’s 50-day moving average price is $274.03 and its 200-day moving average price is $266.31. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $287.95.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.51 earnings per share. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TRV shares. JPMorgan Chase & Co. raised their price target on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday, October 9th. Wells Fargo & Company raised their price target on Travelers Companies from $275.00 to $291.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. UBS Group raised their price target on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Morgan Stanley raised their price target on Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Wolfe Research started coverage on Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $290.11.

Insider Activity

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares of the company’s stock, valued at $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by company insiders.

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.